Robb R.
Series LLC - which entity signs leases?
Hi all,For a series LLC, where each property is titled in a separate series, what is the best practice in your opinion for contractual obligations of those series? For example, if one series contains one rental unit, ...
Jamie Wilson
Recommendations for Bedding and Towels
Hi there! Where is everyone purchasing bulk sheets/linens and towels? Are there any specific wholesalers you have used? I am about to close on my first STR in Crystal Beach, Texas that has 10 beds of various sizes. I ...
Ben Skowronek
FHA down payment requirements for lease option
I've heard FHA loans typically require a 3-1/2% down payment. I'm currently in a lease option agreement with my landlord. When I secure an FHA loan, will I need to bring 3-1/2% to the table? Or will the $41,000 paid t...
Account Closed
Ballpark % of Closing Costs for Cash Purchases?
Hello, using the BiggerPockets calculators, I'm trying to quickly evaluate properties to buy for cash to even see if they make any sense. The one area where I'm stuck is estimating Purchase Closing Cost when using th...
Zac Kibby
Purchasing my first rental!!
Hi everyone. I am looking to begin my real estate journey. As with many things in life, the scariest step is the first one. My plan for my first rental is to purchase a house for my brother who will be a freshman in c...
John Mich
Need some advice on conforming loans
Hello All,I recently used cash to purchased a property (Green St Property) in my wife's name using the proceeds from the sale of a house in my name. Our plan is to do a cash-out refi in her name only, after the 6 mont...
Mark Hu
Wiring deposit funds before purchase agreement signed?
We recently had a seller request we wire the deposit funds into escrow before they signed the purchase agreements. We backed out on this request. The escrow agent said that this was common practice but we have never h...
Wayne Sluiter
Can't figure out how to get to the next step
Hello everyone, my name is Wayne, I live in Michigan, and I am a newbie to BP.com.While a newbie here, I do have some experience in the real estate game.I have two SFR condos rentals that are doing quite well at appr...
Julian Rodriguez
NNN Lease Property Offer?
I have a NNN Lease property that is being offered to me at 2.5 Million in New York. It is a 12 unit property and the existing lease is for 5 years with the option on the tenant to renew after the 5 years for an addit...
Tatiana Yurshevich
Need an advice on purchasing SFH from wholesaler
Hello All!I'm a new investor based in Seattle and I got a good deal on SFH from a wholesaler from North Carolina. Can you please tell me how the purchasing process will look like? Do I need an attorney to represent me...