Mike H.
Depreciation does not cover rent. (50% land). Help
Hello,when I make the cashflow spreadsheet of almost any house (SFH, MF) around here (San Diego, California) I cannot manage to deduct enough taxes to cover rent. Am I doing something wrong?Most of the properties here...
Andrew Erickson
Seeking Insights on LP/GP Split for San Diego Backyard Development
Hello BiggerPockets Community,
I'm doing an exciting project in San Diego and would love to get your thoughts on structuring the deal. We're developing units in the backyard of a property, with the numbers looking pr...
Stephen Torti
Income Approach vs Comps Approach Appraisal
Hi All, got the Clear to Close on my first multi! So, question about the appraisal, I bought the property for $170k and the comp appraisal came back at $174k but the income approach came to $184k and that's before I ...
David Levy
Benefits of Selling to a Wholesaler
Hi everyone - I'm curious to get some opinions here. It seems that one of the biggest keys to wholesaling is to be able to "sell the benefits" to a potential seller. So when you're talking to a potential seller, and t...
Danny Day
Do 70% Deals exist in your market? Email from Realtor
I posted an ad on Trulia looking for a buyers agent who knew the area well. About 10 agents responded and told me they work with investors and can help me. I emailed all 10 of them with this email:
Thanks for your re...
David Hart
Paperwork - What Form is Required?
Newbie question alert!
Say I've negotiated a selling price with a motivated seller, and the exit strategy is to wholesale the property via a double-close.
Do I use a standard Real Estate Purchase Agree...
Luke H.
No one with good enough credit
Hello all, hope all is well. This rental has been on the market for 15 days and after 48 leads no one has qualified. Due to no one having 600+ credit score. There is a married couple, with 2 kids that claim they have...
Will Barnard
Fear Running Rampant!
Background for those that don't know me: I am a full time real estate investor and I have invested in nearly every aspect of real estate. Recently, I have added transactional funding services to short sale and REO inv...
Owen Schwaegerle
Do you ever purchase a property subject to with negative cash flow?
Do you ever purchase a property subject to if the property has negative cash flow?Here's the scenario. Purchase price $650K, subject to existing $600K of financing at 3.625%, $25K down, $25K owner carry with principal...
Sean Kuhn
Proper response to tenant requests about payment. Exact words?
How do you guys respond when a tenant tells you they can't pay until the 15th or 20th? Or they want to change the payment date to the 5th or 10th? What are your exact words and responses to these situations?