Jessica Vanderveen
First flip - too much work??!
Hello! I just put an offer in on my first investment property. We just had the home inspection and there are a lot of major things wrong with it - needs a new roof, new windows, has rotting support posts, asbestos, kn...
John N.
Vacant Property Protection
Greetings All, I have a property (SFR) that's going to be vacant for a few months. During this vacancy the power and water will both be on in my name. Squatters are not a problem in my area as far as I am aware, bu...
Yunning Lee
NEED HELP! Dual agent might be owner of the property
Hi All:I am using the seller agent as my buyer agent. The owner of the property is an LLC. The taxpayer of this LLA is the seller on our agreement. However, from some information resource, we found out the seller agen...
Roh Powanda
LLC
Soon to be a single family home investor in Snohomish, WA area.Need to know the pros and cons of having an LLC in WA. How does one go about getting one.
Kara Jordan
Charging HOA fees back to tenant
I know some landlords pay utilities like water, electricity... and charge it back to their tenants. Is it possible to do the same with the HOA and charge it back to the tenant? I have a single family that the HOA cove...
Ryan H.
Property Management Agreement
Hello, I'm reviewing a property management agreement (I would be the landlord) with the following terms:- Management fee is 10% of rent- Charge of 15% of rent with each new tenancy.- Landlord to pay property managemen...
James McGovern
Why are the number of fees for a loan growing?
Looking for a loan and am curious if all lenders have resorted to creating a laundry list of fees. Some of what I am seeing are:- Legal Fees- Underwriting Fees- Corelogix and other data feesWhat's next - Fees for if y...
Kyle M.
Property Management Expense ?
How do we factor in property management expense into cashflow? Obviously we factor in the percentage each month, but how about the bonus they get when they find a new tenant?Hypothetically lets say a property managem...
Jason Mak
HUD Loans - the downsides
Hello Biggerpockets community,
I am in the process of refinancing a 65 units apartment in California and I have a great deal for a 223 refinanceHUD loan (3.5% for 35 years). However, I realized there are many downsi...
Mike Davidson
Bank account number for direct deposit of rent
Drawing up a new lease for an existing tenant. They want to setup an automatic payment directly through there chase account. The standard lease simply asks for Place of Payment with name and address. Should I give the...