HI Bigger Pockets Forum!We’re super excited that we’re under contract for our first rental property! Woot! It’s a triplex in the Philadelphia area that needs a lot of work. Two of the units are currently occupied b...
I have been reading mixed opinions on this question in multiple forums and wanted to see if anyone had any references or could provide for further clarity. According to IRS regulations, "Under the final tangibles reg...
Hi all, how are you all doing? My question is can I pay someone finder fee if that person bring the investor for the deal? For example, I found the deal for $200k and that person brings 4 investors with $50k each. So ...
Can I use the words " Realty Trust" in my company's name as an investor ? I am not an agent.
In the city of Charleston, SC there were already strict rules regarding short-term rentals for non-primary residences as of recent years. This was in large part due to a push from the hotel industry since hospitality ...
I am about to close on a property where the tenant has an active lease with the former owner until August. Do I need to get the tenant to sign a new lease with me as soon as I close? Or just honor the current lease?I ...
Just got my second flip under contract with my third in process. Now that I’ve got some more cash, I want to invest in a cash flowing short term rental in a vacation town. My aunt and uncle live there and their STR is...
Hi
I have a question regarding calculation of Administrative cost. The lease states that the tenant is to pay 15% of "all of the foregoing costs as an administrative expense" under the "operating costs". Would this i...
Do I need a license from my home state to buy mortgage notes? Do i need to be licensed in the state where the real estate is located for the mortgage one is buying? Thank you in advance.
As the regulatory landscape has gotten more complicated during COVID-19—with a halt on evictions and late fees, as well as other local laws being passed to help keep renters in their homes—property managers and their ...