I live in the top floor of a duplex, and had a gentleman stop by today asking to rent the bottom unit. He stated that he and his family are illegal immigrants, but have decent jobs and enough income to meet a portion ...
Hi. When you are analyzing a deal (house, condo, small multifamily) what % cash on cash are you looking to get? I have 5 doors and my average cash on cash is 12%I have a friend in Europe, he has 30% :) so he thinks 12...
Hey guys, so I need help with a possible wholesale deal. I need advice on if it is worth obtaining, and what I should offer if it is.Ok so its a 4 bd/1 bth. Seller is asking 25k for the property. It's in a ok neighbor...
Hey everyone!
Would anyone be able to refer me to a good RE Attorney and also a CPA with REI experience in the Charlotte, Metro area. Looking to build my core team as I am about to close on my first del within the...
I have come across a 15 acre piece of land in my home area that Im looking to purchase. It has an abandoned house on the property and is located on county land just outside of town. The deed has multiple grantees li...
Hello, we have decided to start accepting Housing Vouchers. However, we have one pressing question. How can we verify or validate a Housing Voucher? On our application, we request the applicant to submit a copy of the...
How do you verify that a note/mortgage is "attached" to a owner occupied property? When reviewing a tape, is the provided address the property location or the borrower's mailing address (I assume it's the property.)? ...
So, I just closed on a duplex with two tenants. I am going to renew the one, they have a month to month in place. The second is a problem tenant that I have decided to not give a chance. They have a 12 month in place,...
I went with a Property Management company to do my tenant placement. Should I have tried to stay the course and do so myself?This is my first property needing to find a tenant for. I completely renovated the house ove...
Hello biggerpockets,I have found a 24 unit complex for sale that is mom and pop owned. After using the bigger pockets calculators I think it a good deal but I wanted to ask you all what documentation I should request ...