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I am getting ready to rent out my first house (it's my dad's house, he's in a dementia facility now). One basic question that I have: what, exactly happens with the utility bills once a renter moves in; do I change t...
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So I bought my first home (duplex) using a VA home loan a few months ago. Everything went well and now I’m ready to buy my second home (triplex) but there’s a problem, Underwriting!!I am being told by numerous lenders...
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I've done private money lending in the past with both contracts and promissory notes. If you're a private money lender how do you protect yourself while lending? What legal documentation do you use? How do you vet you...
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First Post! I've been trying to buy a home/deal in the Dallas area for the past 1.5 months. From analysis it has been difficult to be competitive in my offer because I'm going lower than others after accounting for th...
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Helllooo BP,
Hypothetical question.. If I were to purchase a property "subject-to" from a motivated seller and 6 months down the line the original owner wants to purchase another property that he/she will be ...
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So I was the typical middle class kid funneled into college to get a white collar office job. How does one career change to be a GC? I mean there's a test you can take, but I've read that covers the business fundament...
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I emailed my CPA to ask what our tax liability would be if we sold some properties. He answered my question via email and I got a bill a month later. I feel like we pay a lot for our tax prep ($1500) and to be billed ...
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I have a newbie question regarding the BRRRR Calculator. When I refinance, is the BRRRR calculator assuming I am doing a cash-out refi or just a refi? For example, If I have a home with an ARV of $100k, and the bank w...
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I'm looking to create an real estate investment LLC here in Texas. Can I use an Accountant, or should I go with an Attorney. Does anyone have a take on this? Feel free to share or refer either an Accountant or Attorn...
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Hey, Biggerpockets community,
I have a house I'm rehabbing right now and I plan on renting it when I'm done. There's a room off the basement with a large steel tank that held oil for heating the house. I need to get ...