Ok, so I am about to buy a small Apartment Building and am looking to partner with a friend on it. But I have a few questions that I would to get some advice on:- Does it make sense if I am taking on a partner that we...
Hi all! I am going to be purchasing my first home in 8-6 months. I live in the Seattle area so 3.5% down on a multi is still way out of my price range as they go for about 800k and above.My thought was to buy a 2-3 be...
Recently purchased a condo (3/2.5, 1500 sqft) at a foreclosure auction.ARV - $105,000Purchase Price - $68,000 cashRents for - $1,200Repair Estimate - $7,000 (Flooring & Paint)Association Fees - $203/moTaxes - $907...
Hell BP Nation , I have 2 deals pending from wholesaling. My question is when should I disclose my assignment fee to my buyers , immediately or a few day before closing ( i feel if I wait that late they could back ou...
Hi Guys,I'm working on updating my leases for future tenants. I learned from on landlord on BP that charges a break lease fee that is almost close to the rent amount, thus allowing him to legally keep the security dep...
Hi AllRelatively new to BiggerPockets but been in and out of real estate for quite some time and still looking for answers on how best to do things right - this time.I am Chicago-based and over the past year I picked ...
Hi all
I'm new to the multifamily space and have a bunch of newbie questions to ask:
Looking into out of state investing and planning to partner up with someone on the commercial side (5+ doors). I believe most agen...
Inquiry to CSS, CPAs and MF experts:Many sponsors of multifamily deals advertise the Cost Segregation study as a magic pill that creates money out of thin air, some claiming that by making one they will be able to ret...
Hello,
I have a property I purchased for $97,500, with an original appraisal of $100,000. My mortgage payment including (Principal, Taxes and Insurance) is $477. I paid a 20% down payment bringing the mortgage to $7...
Not sure if this question is allowed here but thought I would give it a try! I’m in the Portland Oregon metro area and just passed the RE exam and ready to find a principal broker. I have another flexible job at the m...