Juan Avalos
Detroit Rental Investor from Cali
Hey everyone! so after months of research and stuff I decided to land on the Detroit Investment scene :-) I am in contract to acquire my first ever rental purchase! its exciting and stressing... " did I make the right...
Jonathan C.
Oil Heat or Gas Conversion
Previous owner of a 1960 duplex rental paid heating for tenants. House has oil heat with oil tank in one of the basements. Furnace is cast iron and has estimated 10 years left and chimney liner has been replaced. Oil ...
Tyrone Marson
Adjusting comps to determine ARV
When adjusting comparable sales to your subject property. How do you know the dollar value you adjust each criteria (bedroom, bath,square footage) by? I have been looking at comps and see in the adjustment that if you...
Rocky Li
Flip a property under my name or under a corporation
I will be starting to flip a property. I heard many saying that we should buy the property using a corporation, and not our own names.
Plus I am buying the property 50/50 with a contractor. Should we put my company ...
Stephen Brown
Duplex Deal or No Deal?
https://www.biggerpockets.com/...
Hello BP Nation,
I've been analyzing this property for hours now and it's on the fence. It's a duplex in a great area. However the taxes are high and if I house hack my mortgage...
Wendy Vaidic
Tax Consequences of Partnership
Hello.
We are working on a joint venture with a homeowner to flip his home in Florida.
As part of the agreement, he would receive a set amount for his home along with a monthly holding fee until it is sold to the ...
Kyle Marsh
How Low is "Too Low" for a Low Ball Offer?
I understand this is a very vague question, but does anyone have a rule of thumb when it comes to low ball offers? If you want to put an offer in on a property just as a "shot in the dark," is there a certain percenta...
David Pack
Plan to purchase first property (SFH) for primary residence
So my plan is to utilize the VA loan and wrap the closing cost as well with 0% down loan. The only fee would be the lending fee, which is roughly 2.5% of the loan. The total loan would be roughly 300k for a 4 bed 3br....
Danielle Thompson
Architectural plans for ductwork
We are working on legalizing our duplex. We are firerating ceilings and separating all utilities. The city is asking for an architectural design plan that includes before and after with ductwork included. We’d prefer ...
Susan M.
What are my options? LOC -> Refi?
I have two rental properties right now that would probably be valued around 40K each. Last year I obtained a commercial LOC on these properties for the purchase of another two properties. I now have a balance of $33...