BP family, I am a Newbie in trouble!HelpPlease I have a house under contract, I have signed everything, closing etc, but the HML has not yet wired the money!Can I legally still back out?There are no contingenciesThanks
New to BP, so hello everyone! I have a problem at one of my buildings with 383 units. We collect so many rent checks that my leasing agent ends up spending half the month just depositing rent and crediting it to the a...
I just did my first analysis on a property. I used the Rental Property Calculator. Can anyone check to see if I did it right? I got the annual property tax off of a property shark website. Here is the link to my analy...
I just purchased a new, larger home. I am house hacking and renting out one of the rooms. I use TurboTax for my taxes every year and they want to know what percentage of my home is being rented? Do I get to count any ...
Hi BiggerPockets Community,We are looking into purchasing a 2-3BD SFR in suburban Atlanta (DeKalb, Gwinnett or Cobb County) within the $180K to $260K range, with a goal towards cashflowing the investment at 25-35% dow...
Can anyone explain why it is so difficult to buy a cash flow positive property in Washington state (Tacoma area specifically)?My partner and I are looking to house hack and each place that looks to be a good deal gets...
I recently stumbled upon something a contractor said on Facebook. He was stating to find the potential repair cost you must multiple the square foot by 10, 20, or 30 ($10 sq ft for a basic facelift, $20 sq ft for a mo...
I am working with a turnkey provider and found a single family house (3 bed 2 bath) in Hueytown with numbers that makes sense. The house is bit dated; it appears to me that the turnkey provider bought at 100K, made m...
Hi Everyone,Im looking to invest in SFM (less then $125K, 3Beds) in the Birmingham & surrounding areas. In my research so far, Birmingham seems to have potentially good cash flow. However, the area has 2x the na...
My business partner and I have a Mobile Home Park under contract in Tuscon, Arizona.The bank is completely done with the property they want nothing to do with it. We had it under contract at $300,000 with about $40k ...