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Hi, I'm going to be renting my first commercial property soon. A broker told me its 7% commission in perpetuity. Never rented before so sorry for my lack of knowledge. I have heard that for residential that the commis...
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Looking at a triplex and the only issue is the current heating bill (Electric Boiler and electric secondary). There are two one-bedroom and one two-bedroom. The current owner pays for heat. This property cashflows in...
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Hi everyone! My relator sent me a Buyer Representation Agreement to sign. However, the below bolded section seems to me that I would be liable in the event seller did not pay commission? Is this standard? Should I ask...
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Hello, I am a newbie to Real Estate business and have many questions. Before I was getting all excited about real estate investing, my mom was saying you will be paying lots of taxes if you don't live in it. My mom ha...
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I recently saw on a MLS listing "All residents will be enrolled in the Utility & Maintenance Reduction Program at an additional fee of $20.00 per month"Anybody any idea how this program work or what is it?
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Hey everyone, I wanted to get some feedback on a strategy to leverage a septic violation lien to acquire a property.I am currently negotiating with an Asset Manager on a REO property that has an ongoing septic violati...
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Hello BP community,I am a real estate investor with a portfolio of 6 rentals. This year I will qualify as a Real estate professional and I will also make a grouping election for all of my real restate units. I am plan...
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Good Afternoon, Wondering if anyone could speak to maintenance costs on multi family properties in the great Portland market. Interested to hear from investors that have held properties in the area and whether they've...
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Hi BiggerPockets Community,
I’m looking for advice on breaking even or generating positive cash flow with my studio condo in Prospect Heights, NYC. Here’s the situation:
Purchase Price: $540,000Down Payment: 20%Mort...
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When does a rental home renovation cost too much? I purchased my first home while college and it needed a ton of work. I used this home as my “crash course in home renovations”. I did all the work myself by watching Y...