Amanda Thompson
Transfer of Management fees?
Hi! I will try to provide some details in a succinct way:
- My husband's LLC owns a property with 15 rentals on it.
- My LLC manages them.
- My husband is selling the property.
- The buyer hired a different manage...
John Jack R.
Refrigerator or Not??!!
Okay so here goes! Las Vegas flip, bought it for $90,000. Rehabbed it in about 7 weeks. Completely new inside and out. It now appraises for $140,000, and my partners and I are having a debate on kitchen appliances!!
S...
Justin P.
Does this 'cash' offer sound legit?
I am selling my primary residence (fsbo), and instead of fixing it up myself I'm marketing it as-is to local investors (basically wholesaling my own house) becuase I am settling on my new house soon and don't want ...
David Avetisyan
SoCal: Sellers Market with No Downturn Insight
Having been a SoCal multi units investor in the valley for sometime, I have seen both the highs and the lows associated with the market. And right now, I feel a bubble rapidly developing, as almost everything from, si...
Daria B.
Seller and I are at an impass. :-|
I offered on a property done by rehabbers. They want to make their profit and I want to make my returns. Originally, they priced the house at $94,900, someone else offered and financing fell through. I don't know if t...
Jorge J Gonzalez
I'm questioning my closing Costs with the bank
Hi BP familyI'm getting ready to close on my first income property with Wells Fargo. Closing cost are $2792. Wells Fargo is also adding another $3709 in "other closing" cost for a total of $6501. The other cost inc...
Jon Abadia
Third time doing inspection on a "turnkey house"
If a turnkey home was inspected initially and there was time given to fix ALL the issues with the home but when re-inspected the home was not turnkey ready at all and the repairs that were supposed to be done were no...
Sean Dezoysa
Problems with tenant buyer evictions due to "equitable interest"
Hi; I'm a new investor who had the privilege of pitching my plan to a panel of experienced members at my local REIA club. They told me lease option deals weren't popular in California because you run into problems wit...
Ryan Pemberton
Has anyone heard of a 26% rule on making an offer?
Has anyone every heard of analyzing a rental property by taking 26% (or 74% of the monthly rent) off the monthly rent and multiplying by 60 months to come up with an offer price?Ex: $500/mo rent x 74%$370 x 60 = $22,...
Account Closed
double close and tax delinquent
I have a question for the BiggerPockets family. When I have a property under contract and I am going to wholesale the property. When doing a double close can I use the same contract that i used with the seller or do I...