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We recently purchased a 5 unit with strong financials as out of state investors. Recently, we learned from the PM that it's a legal 4 unit. It was represented as a 5 unit on MLS and through conversations with the brok...
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Hi All,I am new to BiggerPockets and am in need of a good wholesaler's Purchase and Sale Agreement contract that is compliant for doing business in Michigan—does anyone have one you could forward to me? Looking at a f...
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Tax deferral help needed: I am a full-time W-2 employee and max out my pre-tax contributions to my 401(k). I have a side-hustle real estate LLC that includes passive income from fifteen rental units as well as activ...
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Hello, I am new to the website. I am not an investor yet, just trying to learn the basics and stay out of trouble. I have been watching Auction.com, there are a lot of REO's on that website many with large mortgages u...
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I just recently purchased a duplex on an 8000 sf lot, about half of the lot is an asphalt parking area. The neighboring fourplex has an easement to access their parking area, though the parking area of the fourplex is...
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We have 15 doors right now - pretty much all of them were rehabbed prior to placing tenants. All the renovation costs came from us (either thru our own cash or financed thru a construction loan with a local bank).A lo...
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Hi all! I understand that in order to use a 203k with a non occupying co borrower for anything between 2-4 units (basically other than a SFR), the down payment increases from the 3.5% to 25%. I am a bartender and the ...
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So I am picking out my first buy and hold investment property. I bought our primary home under my name (she is not on the lease). Talked to a lender, and he suggested we put a 2nd mortgage on the investment property ...
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Hi,I just thought I would post on here to see if anyone is using some kind of online property management software, and what their thoughts are about it?I have one rental property, and am going to be accumulating more ...
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I am trying to find a tenant by myself vs going through a property management. I have a potential tenant who wants to use his mother's information to qualify but she will not live at the property. He provided informat...