Jay Holder
Need Help Understanding a Lenders Deal
I am working with a lender on a property and they seem to be willing to work with me. The one thing I need help with is understanding their term sheet the way it is written. Based on the below, it looks like on this...
Rema W.
Calculating Late Fees - Start of Business or Close of Business after 5th
I have a quick question about how you're calculating late fees. (Each morning after the 5th or COB after the 5th?)In my lease, Rent is due on the 1st, and I assess a $5 per day late fee for any rent that is received ...
Gary Shaw
Inspections
I'm confused about the need to have an inspection done on potential wholesale deals. Some of the gurus say they don't do it, some say it's imperative that inspections are done all properties you're looking at. Inspec...
Sean Lynch
Lease Addendum
Hello Everyone,
I have a tenant who moved here from Minnesota. She qualified on her own and was in the home for about a month or so with her 2 year old son. She had told us her boyfriend would be coming but...
Robert Lindsley
RE Attorney in New Hampshire
Hi there,I'm getting ready to make offers on two properties in New Hampshire and am looking for an attorney who can work with me through the closing process.The properties are in Plymouth, so attorneys in that area wo...
Christy Barre
Our landlord is building an ADU on our rented property
Hi all- my goal is to own but have to ask this as I’m currently renting. Our landlord is going to build an ADU in our backyard therefore we’re losing all our privacy. And basically access to yard because there will be...
Richard Huynh
Credit Checks Canada
Hello Everyone,I was wondering what types of credit checks are available in Canada. With the recent news of Equifax - should we still be using that company or is there any others options that match what Equifax does?...
Adam M.
Capital Gains Limit for a Flip?
Hello BP,Let's say Johnny buys an investment property for $165k in the state of Texas and puts $30k into it for a total of $195k; the property sells for $300k 2 months later.Johnny has had some experience with flippin...
Daniel Dadzie
Banned
Biggerpockets banned me from using the message board. Their not even telling me what i did wrong. I need HELP!
Jimmy Lieu
Am I understanding the BRRR method correctly?
I am primarily confused with how to get my money out to repeat the process.
Let's say I use HML and put 20% down on a 100k property so I get an 80k loan from the HML. The rehab cost is 50k borrowed from HML. The clos...