Account Closed
Using VA loan as soon as getting out of the service
Greetings biggerpocket members! My name is Ian and I just finished my 5 year contract in the Navy couple of days ago. One of the main reasons why I joined is so I can use VA loan and ofcourse to get free college. I am...
Zach Adams
Generating First Lease Agreement
Hi all, I am currently trying to get my first lease agreement made for my property. I was wondering if I can use a lease from a current landlord in another county in Minnesota? I would like to do this as an investor I...
Mary Jay
How long should I lease for it to qualify for the 1031 exchange
Hi guys,
In order to qualify for a 1031 exchange,
1) how long is the property needs to be rented?
2) does the rental income need to be reported on taxes for a certain period of time ? (O sense it probably will b...
Nick Boring
Multifamily ADU Construction Financing Southern California
Hello BP! Here is a quick summary, my partner and I are in Southern California and we completed our first ADU project around 6 months ago. The project turned out great and we are looking to start our next one in the n...
Raul Flores
Tenant screening decision your point of view
GuysI have two tenants applications, not sure what to choose, the credit score is bad, lower than 600 however they some good points:The house is 5 bedrooms and 2 bathroom, two living room and two dining room. $1200 mo...
Daniel Shuler
Seller Financing Down Payment + 1031 Exchange
Hi all,I've been all over these forum posts trying to find this answer and I keep going back and forth on whether it can or can't be done, so decided to reach out to some of you experts here.I'm trying to figure out i...
Julien Teoulet
Issue with Plumbing quality of work
Hello community.
I had a leak under slab in one of my property and plumbing contractor had to redirect the line in the attic.
I could not be present at time of the work and went to check it only a couple of days a...
Page Weil
How to help appraiser include value added through rehab?
Like many people here, I live in constant fear of an appraiser coming back with a crazy low number for any rental property refinance. I recently did about $55k of work on a property with a $50k purchase price so I am ...
Arturo Borges
How do Multifamily investors make money?
When structuring a syndication deal geared towards apartment building acquisitions with a value-add strategy, how do General Partners make their money? More specifically, how does the smallest General Partner (1.5%-2....
Arthur Banks
Occupied or Vacant
I've loosely run the numbers on a few properties that I'll be going to take a closer look this weekend. Today I found out a few are occupied. Assuming my numbers are pretty accurate, my question is would you take...