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We are closing on our 3rd property on the 23rd. We have not purchased a new property in a 10 years or more so please forgive my ignorance. One of the items we are being asked about is title insurance. What are your...
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Hello all,
I am a newbie and whenever I go on Loopnet and look at multifamily listings, I notice that a lot that on financial Summary's are exaggerated. For example, today I was looking at a 4-plex listed at $400k at...
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Looking for the correct/best way to account for Debt Financed Distributions from a Cash Out Refinance on a commercial property?What get's credited and what gets debited?So far we have:Credit: New LoanDebit: Cash Accou...
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Hello BiggerPockets Family,Myself and 3 buddies recently purchased a duplex in Cheyenne, Wyoming as a buy-and-hold investment.The property is currently owned by us 4 personally. We would like to transfer the ownership...
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Hi All, I am seriously looking at Jacksonville, FL. Anyone else in that actively buying ?1) I can't find anything that can cashflow. Has it been your finding too ?2) Any safe zip codes do you recommend ?ThanksDeepa
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I'm interviewing my first CPA's & attorneys. I would like to know of pros & cons of having the same person be both my CPA and attorney. Also, pros/cons of hiring a local CPA &/or attorney vs a CPA &/...
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Hi everyone, I recently bought a long distance rental for the first time. Since it is not in my city, I could not go there and check on the quality of remodel personally. I remember in David's long distance investment...
I have a rental property that has a natural gas Noritz tankless combination boiler for heat and hot water. The unit is about 6 years old, and has constantly had problems the 3 years that I have owned the property. Par...
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Hello, I currently have two investment properties in the Detroit area that I'm looking to sell. I got an offer from someone who later backed out saying he thought the whole house was brick but when he drove by saw tha...
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As I get deeper into Commercial Investing (the research of it), I am always think I am closer to getting a MultiFamily. Now I have read some of the well off say in so many comments.. Just save money and etc....This co...