John M.
Phase I Commercial Real Estate
I wanted to know if the lender or buyer orders phase I on already built commercial property and can i recently completed phase I be used from a previous escrow?
Amol K.
Cashout refinance interest
Could you please let me know if the interest in Step 5 below would be tax deductible:1) Buy Property for $100k. $20k cash down, and $80k loan (for simplicity, say interest-only)2) Property appreciates to $150k3) Refin...
Ethan Pankratz
Deal Analysis - How far should we rehab?
Alright I'm a new member, so I'll try to be quick and to the point...Our team bought a flip in Burnsville, MN this past week. It was a hoarder house, and has been vacant for 10 yrs. We are 4 weeks from closing, and we...
Bily Elliott
Long term tenant is moving out!
So about 5 years ago I bought a small SFR. I have an employee who had worked for me for several years, and he had been renting at his current place for many years. I knew there would be some problems renting to an e...
Christopher Montgomery
Newbie
Hello everyone,
I joined bigger pockets over a year ago, but unfortunately due to deployments. I have not been able to pursue my dream of investing. I am now stationed in Clarksville, tn and am looking to get...
Susan McBride
Investor Offer to Assume Mortgage - Legit or not?
Hello. I just received an offer from Mono RE LLC / CDK Investment to purchase my home, which is currently on the MLS, at the full listing price. It seems too good to be true and I am currently trying to research th...
Rhondalette W.
$3500 Earnest Money Counter Offer?
Hey BP, I made an offer on a SFR potential rental property for $104K in my offer I suggested $100 option fee for 10 days and $1000 earnest money. They countered back with same price $104K but wanted $3500 earnest mone...
Paul Klei
Seeking to take out loan against billboard income
I am negotiating a billboard lease. I want to structure the lease to best facilitate a loan against the lease's income. I'm considering a 75-year lease with annual payments, escalators and perhaps revenue-sharing. Doe...
Justin Montoya
Help understanding agent disclosure and brokerage rules
Hello all, I'm an aspiring investor in Utah and have decided to get my RE license. My plan is to make calls to the east coast (SC, GA, FL) from 630-830 my time every morning, trying to lock up some wholesale deals and...
Heather Skow
Should we form an LLC while starting our BRRRR careers?
Hi all,
I am getting conflicting opinions on whether to set up an LLC when starting to invest in RE. I greatly appreciate the feedback.