Mila Makhanova
Understanding closing costs
Hi BP community, I'm buying my first apartment and would like to get comfortable with the closing costs:what's the best way to calculate them (is there a rule of thumb? Certain percentage of the purchase price, say 5%...
Stone Teran
Now they don't want the apartment
How do you handle this situation?The prospective tenant applies, says they want the apartment, pays the deposit and says they will be back in a few days with the rent and will move in. We don't yet sign the lease. A...
Zachary Taylor
How do the crowdfunding sites make money?
Do they keep a portion of the equity?Just trying to understand the business model for the crowdfunding sites. Any info would be great! Thanks!
Derek Merdzik
Real Estate Agent & Wholesaler Dynamic
Could someone help me understand working with a wholesaler and real estate agent at the same time works? If I find a deal through a wholesaler and am working with a real estate agent, does the real estate agent repre...
John Leviege
Should I keep as rental or sell as flip?
Hello Biggerpockets family, I'm looking for some savvy real estate investor veteran advice here. I am in the process of rehabbing a property & would like to know if I should keep as a rental or flip. Obviously, t...
Erik Nizenkoff
Tax Basis for deprecation, but some costs paid in 2nd year?
Hi, I purchased a commercial property at the end of December 2017. I wasn't billed for some of my lawyer's fees and inspection fees until 2018, around $20k. It is my understanding that I can add these to the basis ...
Salvatore Ross
Deposits and Fees
Is anyone charging a security deposit for guests? If so, how much and why? Is anyone charging a fee for pets? Or baking it into the nightly rate and/or cleaning fee?
Brian Pleshek
Security Deposit Law in Ohio
Am I reading this correctly?ORC 5321.16 - Any security deposit greater than $50 or one month's rent(basically all security deposits) whichever is greater shall bear interest on the excess at 5% per annum and paid annu...
Bryce Henson
Tax Strategy - W2 Employee, Part Time Real Estate Investor
Hello all!What tax strategies can I utilize this year? I am a full-time W2 employee and part-time real estate investor in California. I invest locally and out of state in fix-and-flip and buy-and-hold properties. This...
Jennifer Knestrick
Rate lock and loan amount
I realize this will simply come down to bank policies, but I’m curious what’s typical.In the the midst of a 1031 exchange, we qualified for a mortgage on the replacement property at $2.9M, and rate locked in mid July....