Need some advice on a way to structure a creative finance deal... If it does not work I will likely try to buy it outright and a bit lower price and use Hard money....
1 Bed / 2 Bath Condo about 900sq ft - Can NOT ...
Hello everyone I am a new investor in need of advice. A couple of months ago I bought my first house with the FHA loan. There were some repairs required by the FHA for closing but the previous owner refused the do the...
Hello Everyone!I am trying to break down different scenarios for a future flip in Chicago and was hoping I can get some feedback from people. I do plan to do this under my own name and not in the name of an LLC(for t...
I bought the property in late 2009, hired and paid a contractor to do renovation in 2009, the property is to be sold in 2010. The contractor is asking me for a 1099 for 2009, but what should I do with the 1099? I want...
Good evening landlords:
Has anyone used home warranty companies on their rental properties? If so, what are your experiences and do you think they are worth what they claim to provide? Thanks! This site is th...
Hi guys,
Had a few questions regarding recapture tax and was hoping someone could help.
1) Recapture tax is a federal rule/law and not at the state level correct?
2) Will you owe recapture tax whe...
Hey everyone,I am keeping with the preparation for equipping my first short-term rental with multimedia and furnishing, and started to wonder what is the best way to add wireless speakers in a listing without the abil...
Can you help BiggerPockets out? We've put together a survey with the intent to understand how current BiggerPockets members talk and use BP. The survey will take no more than 5 minutes to complete, and your help is ap...
Hello everyone, I hope you're all doing well. My name is Marlene and I'm a new member of the BP family. I reside in Houston, TX. I'm in search of a mentor who can provide guidance and support as I embark on my first f...
How do people price their medium term rentals? Obviously higher than a long term rental since I will be furnishing the house and paying all utilities. Is there a general rule of thumb such as 2x long term rent? Thank ...