Bruce Gardner
Partial Security Deposit and Selling Property, How to handle?
I'm in the process of selling a duplex. One of the tenant security deposits only partially remains, and I'm not sure how this should be handled. Any advice?- Tenants paid $650 when moving in- A few months later, tena...
Tony Hightower
Keep deposit on damaged linoleum?
Would you keep all of a deposit based on damaged linoleum? It will cost the deposit to get it replaced.It might sound like a silly question, but are there damages you just let go?There is also a missing smoke detecto...
Hannah Chandler
Buy-rent-sell or hold a note?
Just curious as to the pros and cons of these scenarios, and which you personally think is best?
1. Buy a home- rent for 5-10 years and sell.
2. Hold a note for 5-10 years and make $ from the interest (then balloon ...
Vincent Phan
BRRR - need input -is it worth it?
Hi all,I'm in a multiple offers situation with a bank owned single family house. Listed for 250k and we offered 231k. They want best and final offer in 10 days. What do you guys think? is it worth it?List price: $250k...
Trevor Dominique
Calculating Net Income
Hello BP,I am just curious how you guys factor in capital upgrades into your calculations of net income. In my calculation for net income, I accrue for tax/interest/insurance to spread these costs over the year so tha...
Omer Sultan
Verfiying Rental Income on Prospective Rental Property
Hello BiggerPockets Community!How would I go about verifying the gross rental income that the seller's agent is claiming a property generates? Is it common practice for the purchaser to request proof of rental income ...
Gabriel Graumann
Fixer Turned Wholesale Deal
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $350,000
Cash invested: $10,000
Sale price: $376,500
Fixer Turned Wholesale Deal
What made you interes...
Brian Watts
First BRRRR Success
Investment Info:
Single-family residence buy & hold investment in Shreveport.
Purchase price: $79,700
First BRRR attempt - great success! Leveraged two lines of credit with zero money out of pocket....
Blake McFarlane
What kind of fees to expect with FHA loan?
Hi there, so I know with an FHA loan, 3.5% is required for a down payment. Now I’m not entirely sure what kind of fees to expect. Let’s use a home valued at $100,000 for an example. Now let’s say I had that $3,500 rea...
William Coet
Do Banks Do 30 Year Home Equity Loans?
Hello,
Do banks do 30 year home equity loans? If so, is it rare or common? And if so, is it more common for local or national banks to offer a 30 year term?
Thanks!