When financing a 8-unit apt, bank asked owner to assign leases as additional security on top of the property itself. Is it normal in apt financing or negotiable? Meaning, property alone should be sufficient collate...

Hi BP Community-I need some advise on a current rehab that is going south. Most of these issues are self-inflicted but I need help on next steps. First, my contractor and I have a handshake agreement on the rehab of m...

I'm about to acquire two properties via loan assumption.  Doing this through a land trust.My question: Obviously I will need my own insurance for the property.  When approaching the seller about this, would I ask them...

Hi,I looked on my returns this year on my schedule E and on one of my rentals my CPA didn’t put an amount in my utilities section. Would that be a red flag for the IRS for audit? The building is a multi family 6 unit....

I am interested in hearing opinions (not legal advice of course) if you have the time to respond. If I purchase a rental in my name, keep the loan for it personally, and deed the property to my LLC does that make it e...

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*This link comes directly from our calculators, based on information input by the member who posted.It seems each property I analyze they always come in at approximately $150 or less of c...

I need some advice on insurance. I have been using Allstate for years and have a couple of issues/questions. A new limit has been placed by Allstate and they won't write more than 4 LL policies per insured. I am gr...

Hello all!I am looking to buy my first multi family but need to make sure I understand my monthly payments to find the best deal. Unfortunately this includes figuring out taxes. I am trying to wrap my head around asse...

I found a good 3plex deal in a A-/B+ area of Cincinnati, OH. I don't want to wholesale or flip the 3plex deal that I found on the MLS. I don't have enough cash for downpayment. It's not a rehab  gut project but the ro...

Hi Bigger Pockets folks,
I'm in the process of getting ready to buy my first rental and I'm interviewing property management companies right now. One company that I was interviewing with is asking for a fee if I quit...