Shawn Daniel
Michigan Investment Property Insurance
Hello Bigger Pockets,I am in the process of buying my first investment property (located in Grand Rapids) and we are just awaiting the appraisal at this point. My lender informed me that I should begin inquiring about...
Tyler Smiarowski
Basic question on wholesaling?
How is a typical contract structured for a wholesale deal? Does anyone have a contract on a wholesale they could share? How long is the typical contingency? What do you consider the stereotypical wholesale deal? Th...
Greg P.
Is this a good BRRRR, would you do it?
Hello,In the process of bidding on one of my first deals. I intend to BRRRR it and wanted to ask for your feedback. Here's the general info:1. Owner is asking 80k for property. Comps in the area range from higher ...
Andrew Assman
Closing costs Confusion - off market deal
I am currently working on negotiating an off market deal purchasing a SFH from a colleague in Minneapolis.
In order to discount the price we are working without a buyers agent and just have a facilitator to do the p...
Lisa Albright
Rehab personal home taking funds from rental property equity
Hi All,Newbie here, just a quick question we are building an addition on our second home, we have a primary residence, and two rental properties. We are trying to not use our retirement funds. Are there any strategies...
Stephanie Jamgochian
Tenant Requested Lowered Rent AND a Dog
I own a "B+" SFR in a HCOL university town with vacancy rates under 3%. I've owned this unit for the last 2.5 years and have had three turnovers since (first tenant broke lease after 5 months due to job loss and the...
Brian Jackson
Supplemental Lease for AirBNB
I was wondering if anyone has used any type of supplemental lease for their AirBNB/HomeAway rentals. And if so, what types of things do you cover in this document.
Chris Sullens
Are all costs prior to placing a tenant considered purchase cost?
So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...
Yulia Kaygorodtseva
Guests for over 45 days
Hello, my renter just called me this morning letting me know that their friends (a couple and 2 small kids) are in a hard financial situation, so they need to move in with them (its a 3 bedroom house and currently onl...
Tyler Kortz
Inheriting tenants! How much can I expect them to change?
First bigger pockets forum post so thanks in advanced for any advice!I purchased a 3 unit about a month ago and have turned over 1 unit, will be turning over another Jan 1. Rents were significantly under market so I a...