John Dehn
REPs designation - do I qualify?
I am a 1099 employee for a boutique commercial real estate investment shop. I do business development, underwriting, and asset management for the company on a full-time basis and have upside opportunity if I source a ...
David Sanchez
To my Fix and Flippers: Splitting the profits with the homeowner (from a wholesaler)
Hi everyone! I have been cold-calling for about 2 weeks since last December, and I've learned a good chuck about wholesaling in about a month or so, with around 90 pages worth of notes on the entire process. So far, I...
David Ramirez
How many doors/units before qualifying for REPS?
Good morning,
I am new to the real estate game, looking for our first fourplex now, just got pre-approved. Background: employed (w-2) as a physician, wife is a stay at home mom, also very interested in real estate an...
Rick Jones
Property not "in service" in '16. Can I expense taxes & interest?
I know that this can be done but not sure how how to do it. I want to write off property taxes and mortgage interest paid for property purchased in 11/16. Its still undergoing a rehab so its not "rent ready" yet. I kn...
Jimena Tuis
Escalation clause- please help!
Hi, we just put an offer for a ranch yesterday in a super hot market. We were advised to include an escalation clause. The asking price is $898K. Our offer was $925K with an escalation clause of $5K. The sellers came ...
Adam Martin
Buying a multi-investor 6plex
New member here with some questions!My brother and I are looking into buying a 6plex under a LLC with a 5 year balloon mortgage amortized over 20 years. The loan will require 15% down with 85% financed. I will be prov...
Colton T.
Entitled Multi-Family Land Pricing Strategies
What is the best strategy for determining the asking price of entitled MF land prior to zoning / entitling it? I've heard a couple of opinions of what the price per unit approved would be, but is that the standard? Ho...
Paul Woodburn
Creating a Renting Profile for Investors to Raise Value
Hello, I am a new real estate investor recently out of college. I have been searching for a while now for a good fix and flip property that has a high enough margin where I am comfortable committing my limited capital...
Paul Lachaud
Negotiating after Home Inspection
Hey Biggerpockets,I've put my first fourplex under contract for about $95k earlier this week and had a home inspector come out. He seemed extremely knowledgeable, thorough and provided great service.He'll be sending m...
Kevin Yoo
Formula to use in Excel Spreadsheet
I am trying to figure out what formula to use in excel if I sold my note at a discount to calculate the new rate. Does anyone know this?