Xin-Ran Jiang
Questions about FHA pre-qualifying for multi-family
Background: I been working on Airbnb arbitrage for 4 years now. I rent properties and rent them out, under agreement with owner.Went through pandemic, I feel my strategy is mature enough for me to move on to next stag...
Joe Boggin
umbrella insurance?
i have one rental property. i also have a new car and a primary residence where my wife and child sleep! should i purchase an umbrella policy with 1mil in liability coverage or purchase a stand alone policy that cov...
Barron Peper
Tax Advice: Non-Residency LLC + Real Estate Investments
Hi BP Community!I'm a full time architect living and working (as an employee) in Seattle, but am needing to start an LLC for some architectural side-work I'll be doing in Texas. In addition, I'm kicking off my real es...
Keith Mintz
MTR occupancy in San Diego
I’m curious, for others who own MTR in San Diego, how are they doing? What occupancy rate have you gotten throughout the last year? Where is yours located? Any tips?
Joel Oh
Adding a playground for my Airbnb
Hi guys, I am closing a property in February and this house has a huge backyard.I see that Sam's club has $1k playground so I am very tempted to try this one for my Airbnb. (Probably 1.5k~ with mulch)There is a huge d...
Dan M.
203k Checklist
Hello Everyone, I have recently discovered BiggerPockets.com as the go-to source for real estate information. I was wondering if anyone is familiar with the process of getting financing via FHA 203k and if there is a ...
Kaitlyn Askey
Managing Properties for Parents, LLC or No LLC?
My parents own 5 rental properties and are tired of dealing with them and want to travel. Originally, I was going to purchase the properties from them and continue renting them out. However, after speaking with a CPA,...
Jeffrey Kovnick
Commercial mortgage brokers
$8,500,0000 property; $3million down, 65% leverage (so $5.5 million loan). CBRE is my broker, they receive 2.5% buyers agent commission. I was told that they would help me through the loan process. So, today when spea...
Joshua DeGroate
Moving into new home, renting out old home. LLC concerns.
Hey all,My wife and I recently went under contract on a new home. Our intentions are to rent out the house we are currently living in. We want to start an LLC for the tax benefits of being landlords and managing the p...
Jodi Taylor
Information Needed - Adding Studios in Non-Conforming Chicago Basement
Hi all. I need some advice from someone with experience working with/building out non-conforming units in Chicago.I have a 4-unit 12BR4BA multi-family building (all four units are 3BR1BA) that also has a fully open 2,...