Mark Benevento
Potential Tenant Low credit.. Paying up front
Hey guys, My name is Mark, I am a 19 year old investor and just closed my first triplex in New jersey. I have been talking to a potential tenant and he has terrible credit but claims his father has the same name and t...
David Sun
iFunding sells me a promissory note, very dissapointed experience
I participated several iFunding deals this year and then get to know iFunding CEO, William Skelley. At July, William called me several times introducing me some of his private deals. At that time I trust him and took ...
Aaron Michaels
New to multi family
I am new to multi family property. Looking to invest. Found a property in town we live in. Wondering about what information we would request from seller as far as financials and how to figure out what is a good price ...
Brandon Vanderford
How do I evaluate student loans on a tenant application?
I received an application from a tenant who is otherwise qualified, but the credit report shows over 100K of student loans remaining. I am concerned about the monthly payment required to pay these loans, but the appli...
Brian Maroon
Do I hold a rental?
I am a few weeks from finishing a rental. A family called about another house that was already spoken for and asked if I any other properties. They came over yesterday to look at the house while I was painting and wa...
Margaret Feit
Changing Depreciation Period from 27.5 to 39
I have a couple of short term rentals, definitely under 7 days average rental period. When I bought them several years ago, I started off depreciating them over 27.5 years, but after reading much conflicting informati...
Jacob Goodall
Multi Family Contingencies
Hello BiggerPockets Peeps,Quick question, when buying a buy and hold property what would be some basic contingencies you would want to include in the contract?
Joseph Reardon
Waterproofing a basement in Wenatchee, Wa.
Hi all!
I'm currently closing on a property in Wenatchee, Wa. The property is currently located in a 100 yr flood zone and I will be carrying flood insurance. Before I finish the basement I want to make every effor...
Greg Todrank
Repair concessions after inspection
I am working on closing a duplex (my first). The seller has made $5000 in repair concessions after the inspection.
I would still like to finance the full amount ($98K), so I have ready funding. Should I figure out ...
Logan McConnell
Credit reports - collection accounts
Hi, I just got my first credit and background check application. I am not familiar with credit reports. I understand the credit score part, but does anyone have any info on collection accounts? Is it a red flag for...