Joe Marquez
Financial analysis of tenants
Hello,
We have a rental going for ~4100 a month. A perspective tenant is applying and checks off our criteria but they provided us with bank statements and they only have ~$1200 in the bank. Their income is verified...
Mike Nelson
Wholesalers, do you collect deposit right away?
When wholesaling an REO for example, when you find an end buyer that wants the property, I have been told not to sign anything until you "feel the money". In other words, dont sign until I have a deposit in escrow. I...
Asury Johnson
Short term rental amenities
Hey guys! My husband and I are prepping our 8th STR. We have been hosting for almost 2 yrs and love it. When we started we had a small budget and couldn't go all out with the fancy amenities. We have made lots of upda...
Dinardo Rodriguez
Prospective Chicago Investor: Feedback on this Analysis
Hello folks!After my research, I concluded that I want to purchase my first duplex/triplex in the Chicagoland area through an FHA Loan. I'm looking to begin the search for a property a year from now (December 2022/Jan...
Chuck H.
WA Supreme Court upholds Seattle’s first-come, first-served law
https://www.seattletimes.com/seattle-news/politics/washington-state-supreme-court-upholds-seattles-first-come-first-served-law-for-renters/The Washington state Supreme Court has upheld Seattle’s first-come, first-serv...
Justin Ward
Owner occupant duplex NY. What additional rights do I have?
Hopefully this is in the right section. I live in central New York and I'm about to buy my first duplex. I'm trying to learn everything I can about my rights and the tenants rights in order to avoid issues in the futu...
Elvis Vasquez
Purchasing house with illegal addition?
any idea what the cost is to bring an addition into code compliance?Seems one of the previous owners has built an addition without any permits (there is a lien currently placed on the house).Any idea what the costs wo...
Adam Wells
ReFi Options On STR's
Recently bought STR on a "vacation" home loan. Interest rate is high. Is there a way to refi into a more traditional loan with lower rate? How long do I have to wait?
George Wells
In need of Purchase and Sale Agreement
Hello Bigger Pockets Community,
I'm looking for a simple 1 to 2 page wholesale purchase agreement that is specific to Connecticut that contains the assignment clause and other pertinent information. I checked the arc...
Chris Parker
S corp questions - two LLCs
Hello,
I've created two LLCs based on the direction from my accountant. One is filed as an s-corp, the other is not. The s-corp LLC has a contractor's license and insurance, I intend to use it for flipping and possib...