Mike X.
Use an RE agent or DIY to find tenant in South Florida ?
My first attempt to rent out my condo using an agent didn't work out well , the property was not rented and my contract with agent is over.I can continue to try to rent through an agent or do it myself. If I do it m...
Jhonatan Ramirez
How would you remodel this for most use of space?
I am looking to rehab a 2 bed 1 bath house and Turn it into a 3 bed 1 bath house and rent the rooms out individually to college students (located behind a college campus). The house was built really oddly with minimal...
Tim Jernberg
1031 exchange questions
I've never done a 1031 exchange before and have a couple basic questions. FYI I am closing on a property soon (I have a LLC) that I may try to immediately resell.
1. Do you need to have held the property for a certa...
Account Closed
Onsite management
I've been looking for a larger multifamily building in my area lately. I've decided I will use a property manager, but at what point do you need an onsite manager and/or handyman? I have a 90 unit under contract rig...
Account Closed
Can the Previous Agent Demand a Commission In This Case?
I'm working on a Wholesaling deal. I had a property under contract through my own LLC that I found through mailing to expired listings. I did a bid sale this past weekend and one buyer really wanted the house turned o...
Scott Bastarache
8 unit building
I have an opportunity to obtain an 8 unit building where the owner is willing to finance. The building is currently 100% occupied. Here are the numbers:
Purchase Price: 249,900 financed @7% I/O for 30yr term
Gross...
Chris Calabrese
How to set up profit-share between investor and contractor?
I'm trying to get a REO under contract, cash purchase. I have a good contractor that will do all the rehab, and in return I will split the profit with him (not sure on the % yet). What's the best way to set this up ...
Dean Julie
Divorce, $19,071, remote rehab
This one's complex and I need immediate input, so I thought I'd post it here. Feel free to move it to Landlording if it would fit better there.
This is a semi-cry story, and it...
Angela Henderson
Bought First Rental
Hello Bigger PocketsThis is my first post. I'm currently about to close on my first rental property. It's a 2 bedroom 1.5 bathroom condo in the SE area of Cedar Rapids. Its in a great location and I'm so excited. I am...
Jenny Drabant
Keeping it ALL Business
Just spoke with one of my new investor clients today. He recently purchased a 2 flat that he is planning to live in and update in one unit while renting out the other. (NEW HOUSE HACKER, CONGRATS!) Anyways, we wer...