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I've heard from a few people that it is possible to surpass the 10 single family property loan limit if you put your properties into a corporation or s corp which holds 10 or less. I can't find anything to dispute thi...
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Had a meeting today with a broker/attorney and a general contractor for a house flip. The idea is for a 50/50 split on the net profits between myself(capital investor) and general contractor. I would pay acquisition a...
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Bigger Pockets Members,Just wanted to share a beginner’s story. My wife and I currently own one rental property but only because we decided to rent out our house when we moved into a home we recently had built on our ...
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Hi, I happened to see a multifamily property come up in my husband's old neighborhood. I find it intriguing for a couple of reasons and wanted some input on how you would go about evaluating a deal like this.It's esse...
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I’ve bought and rehabbed my first rental property. I have $70K in it all together. It rents for $800/month. Only 4 months in to my first tenant, and he is asking what would I sell it for. I planned to atleast rent it ...
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I've heard on biggerpockets podcast hosts suggest you to keep on searching for Credit solutions, even after one bank has declined your application, so i wanted to know how does shopping around affect your credit? Do y...
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I'm about to buy a duplex off the MLS, and the owner has forwarded me the survey from when he bought it. Do I really need to get the property re-surveyed? Why? There are no buildings close to boundaries, nothing has b...
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If you are screening tenants and you figure that the tenant might be have a difficult life situation, would you put that into consideration when choosing if the financial side of the screening passes?
On a hunch a...
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My partner and I usually focus on short sales, but today, I received a call from a Seller who owns their property free and clear. The property is in an area we work with and the current asking price is comparable to ...
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We have a very close friend who is desperate to sell her rowhome in Baltimore. She purchased it for 250K in 2007, owes 221K, and it is currently rented but the rent does not cover her mortgage. The rent probably could...