Andrew Jervis
New Member from Philly
Hi All,I have been a biggerpockets member for a number of months now but have yet to introduce myself to the biggerpockets community, so here goes...I am 26 years old and have resided(rent not own) in Philadelphia eve...
Jason Malabute
got property under contract and setting up llc
Hi guys,I finally have my first rental property under contract. As long as the inspection goes good on Monday I will have my first rental property. I'm so excited.Questions:1. When should I start setting up LLC to put...
Mark Nolan
Can't Charge Application Fee in MA. Options?
Hi all!So in Massachusetts it's against the law to charge an application fee or to charge a prospective tenant a fee for a credit check.So...What do you do? I really like SmartMove, but I can't say I'm interested in ...
Tiffany C.
Seller Financing Deal Structure
Hi BPI have a lead that I need help structuring and I'm hoping for some really good feedback! The property is a 3/2 in a Metro Atlanta suburb, C+ neighborhood. Asking price: $50KARV: $66KRepairs: $20KPotential Rental ...
Karen Margrave
Architectural Design Costs - What and how do you pay?
For those of you doing new construction, do you use an architect or a drafts person for your your designs? When you start the design, do you know the style you want or does the architect make those decisions? What do ...
Marc Izquierdo
Homeowners, liability, landlord insurance?!
Hello everyone!
I am starting to look at and analyze some deals in hopes to buy in a year or so. Specifically multi-family (3-4 units). During the analysis process, I started to think more about insurance and had s...
John Whitridge
Financing a Project Through a LLC
Hi BiggerPockets, I am looking to finance a deal for a single family home through a LLC that I am setting up which seems pretty straightforward. I am using a hard money lender but do not have all the money myself so ...
Tim Wilkinson
question about short sale viability
Hello Community,I know of a couple properties that have mortgagors in default for a long time. Sometimes they are staying years without paying a payment. In Maine recently, I know a man who lived almost five years in ...
Alex SImon
First Deal, Analysis and Progress
I've been lurking about for quite some time and now I think I've finally got my first deal in the works. Nothing is final yet, but the initial offer is being submitted and we'll go back and forth a bit on the price....
Andrew Lawrence
Multifamily property sellers pricing question
I have a couple properties that I am currently looking at in my area and when I went to my lender to get preapproved heres sort of what happened. The lender pre-approved me for a certain amount based on a rent rate es...