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Hello all, I am getting into wholesaling (assignable purchase agreements) in the Long Island, NY area and was wondering if you could close on a house that required no financing at all (Cash buyer) and do it through a ...
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One advantage to DSTs is that they don't go through probate when the owner dies. The trustee distributes the owner's interest according to the owner's instructions, as I understand it. The owners of TICs receive deeds...
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I was wondering if anyone here has done anything with burnt units. I recently came across a 4-plex with fire damage - from the pictures , it does not appear to be too horrific, however , I have yet to look at the pro...
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Hi, fellow STR investorsAs there are many small projects on maintaining short-term properties, I wonder how you all pay your handymen on these projects, such as assembling furnitures, fixing a drawer, etc..I am trying...
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Hello biggerpockets family, hoping to get some advice/ tips on how to go about collecting rent. I currently have them Zelle me to my personal bank amount but I’m Wondering if it’ll be easier to manage using a platform...
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Hi everyone! I'm a wholesaler based in Wichita, KS and wanted to get a sense from others of the effectiveness of listing assignment deals on the BP listings page. Wondering what the success rate is for other wholesale...
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So my buyers are short 5% on a non-owner occupied 4 unit property in San Jose we need to be at 75% ltv and currently only have 80%. the realtor on the transaction is willing to buy into the property 5%. I am wonderi...
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Hi, fellow STR investors and managersA friend reached out and asked me to help manage her 20 STRs recently. A third of the portfolio are 2 hours away. I am currently managing 8 of mine myself and can handle them ok. B...
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Hello,I am wondering if anyone knows the answer to this, I am a Canadian citizen with many single family houses that I own in my Florida LLP, I am currently using the structure of paying taxes from the the profits fro...
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Hi all,
I under contracted one 6 units multifamily in Bay Area and doing commercial loan with Chase.
The financial of property is good:
DSCR = 1.3; LTV = 45%;
Both my liquidity and net worth passes Chase's ...