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For owners with a small portfolio (1-3 STR), how did you decide between self management vs hiring a vacation rental company? If you have a larger portfolio, are you still self managing? I am just starting out and have...
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Hey BP,Does anyone have a Monthly P+L/budgeting template they use for underwriting bigger value add apartment deals they would be willing to share?Have an accepted LOI on a 46 unit apartment building. The value add wi...
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I'm thinking about going the "buy, hold and rent" route in investing and was wondering what exactly is needed to rent out to tenants. Do I need contracts, a lawyer, property manager or is it just a person to person th...
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I am thinking about approaching a gentleman (known 18 years) about a sandwich deal. I am not looking for a subtenant option but maybe an option for me. There is no mortgage and wants $220K, which is equal to comps e...
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BiggerPocket Folk - I need your advice. I am new and my investor friend is out of town for a while. I put in an offer on a duplex and they accepted the offer. I have no idea what the next steps are.
The pr...
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Hello! I have been a BP member for almost a month now and this is this the first time i have introduced myself although I do have one post. I started as a owner occupied single duplex. Now i own 2 duplexes. I stil...
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Hello,
In a bind here looking on getting other's thoughts, and maybe an excellent Real Estate lawyer in Kansas.
I will start with a bit of backstory. I found some apartments while at home in Kansas on leave. I am ...
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Buying a property cash using hard money. I will issue the lender a promissory note outlining the terms of the loan. I have outstanding a Federal Tax lien that I am trying to pay off. Should I lien the property ...
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Hi all,
I'm trying to hash out the details of a deal I have. The house is worth $95k, the purchase price is $56k. The seller has agreed to an interest-only loan of $100/month with a 5 year balloon.
My f...
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After the seller and wholesaler agree on numbers. If there is earnest money involved, who would the wholesaler give to money to. I've heard in massachusetts it's different from other states as far as title companies.