I have negotiated a deal that is in escrow, but I just found this site and now I am not sure I should do this, I could back out or renegotiate, potentially losing my $1K earnest money. This is a 9 unit property in El...
How do i judge a renters credit check results?
How do i tell a good renter from a bad one based on credit report.
Is there a minimum credit score they should be that tells me how bad they are?
Try...
I'm new to the industry and I want to be taught how to do it right. I live in a nice area in Queens, NY, there are a couple distressed/abandoned properties in my area. There's one in particular that I'm talking abo...
Hey BP. If I rehab 30 year old house to match a much newer house in same neighborhood, making sure roof, ac,heating .... Are all close in age, cen the age of original build make enough difference that they can't b...
First off I need some help understanding financing on a 5 plex. I've read that I can't do a convention 30 year fixed on property with over 4 units? If I can't what options do I have and how much higher are the inter...
Is simply applying the 50% rule running the numbers? In other words, can I simply calculate what my P&I will be and as long as it's 50% or less of the expected rent, then the deal has potential? Can this replace...
Investment Info:
Large multi-family (5+ units) buy & hold investment in Chattanooga.
Purchase price: $4,120,000
Cash invested: $50,000
Sale price: $6,850,000
Multi-Family investment funded wi...
I have read several articles here about the benefits of scorp vs llc and I'm going to work towards a series llc to hold the properties in 2021. In early 2020, I started a multi-member LLC (2 members) and elected scorp...
Good morning BiggerPockets! I find myself needing some direction. Ive focused on Self Storage and MFH over the last year or so. So to my surprise, when one of my letters was responded too for the sale of a MHP instead...
Hi Bigger Pockets! Hopefully a quick and easy question; Are commercial tenants responsible for fixing bad ballasts in the florescent light fixtures in their suites, or is that the job of the landlord? The only lines...