M.C. Nachtigal
Demanding tenants want a lot of improvements
We have a large house with a lake view that is currently rented to a retired couple while they build a house (cough, McMansion) on their own property just below the rental, directly on the waterfront. While they more...
Brandon Ribeiro
not enough money for closing costs AND down payment...
Hey BP, i'm looking to buy my first property and plan on house hacking it. The property is a 3 bed 2 bath in Manayunk going for 229k. It is fully rehabbed and in amazing shape- I know I can get 750 per room bringing t...
Donovan Lietch
Tax Consequences of Paying out investors
Hello, I'm looking to recruit investors in a house flip, similar to a crowdfunding scenario. So my question is whether there is any tax liability to those investors.Assume one particular investor gives me (or my LLC)...
Preston Seo
How to give notice to vacate in Utah | Advice needed!
Hey guys just a newbie here needing some advice.So I'm currently under contract for a small multi-family in Davis County, Utah which you Utah folks already know is about 30 minutes north of Salt Lake City. There are c...
Matt Dickens
Best Way to Motivate a Contractor
Hello,I am in the middle of my second flip as deal manager, and I am trying to figure out the best way to keep my contractor's motivated?This is the second flip where we have realized during multiple weeks the contrac...
Michael A Egenriether
Lease option question
I met with a broker last night who buys wholsale homes. We sat down and he mentioned lease option is a great way to start my investing career. He said i could pay rent per month for a year and fix the house up while ...
Paul Parker
Seller FHA Related Questions
Hi BiggerPocket community! I have my first offer on my first flip. The offer involves a buyer who want to use an FHA loan. Below are some questions I have regarding this offer and FHA loans...1. The Seller agrees to b...
Harsh Singh
Need help developing a partnership agreement
Hello,I have diligently been working for the past few months on identifying a multi-family investment in Houston and I have finally found a good deal. I've been working informally with a financial partner who is also ...
Isaac Wagner
Investment help in Harford County?
I've hit that point in my life where I've realized my 9-5 job isn't going to provide me financial freedom, or a decent retirement. Real estate investing feels right to me and I want to get involved, so I've been read...
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Lease Option Question
I had a verbal agreement with a purchaser. He paid the non-refundable option fee. I sent him the contract and he did not sign and return it. He never paid a lease payment. Approximately 2 months later he contacted me ...