Hi All, So this past week and so I been contacting Commercial real estate brokers telling them clearly my requirements and then they said they will contact back for listings etc. I am trying to find listings also and I do find them - it's just I prefer to work with a Commercial broker as I am new...
Hi all, I currently live in Massachusetts, and I have a multifamily rental property in Pennsylvania that has built up a significant amount of equity. The current mortgage balance is approximately $170K, and the property is worth around $415K. I’ve been trying to find a lender or product that woul...
How difficult is it actually to raise rents on existing tenants? I’m looking at out-of-state small multifamily deals, and I keep hearing from agents that a property can be a solid deal if you can increase rents by $100+ per unit. But I’m wondering how realistic that assumption is in practice. For...
HI All, My name is Michelle and I have a couple LTR in South Florida. As many of you know this market is getting more and more experience. What are some creative ways to invest in a market that is "expensive"?
I’m a property manager in Clarksville, TN and I’m looking to learn the investing side of real estate hands-on. I’d love to connect with a local investor who may be open to letting me shadow them from time to time and learn how they evaluate deals, run the numbers, spot red flags, and decide when ...
Hey there all! I just closed this year on my first duplex at the end of January and had a property management company do the listing and tenant screening and such as I am unfamiliar with how to do this. They took a months worth of rent to do it. The property is near San Antonio, Texas and I live ...
Hi All, I currently have a couple LTR properties in South Florida. Due to the high cost here I am looking to start investing in the midwest, specifically the Indiana area. Ideally I am looking for a duplex, triplex, or quad plex to invest in. What are some helpful tips on establishing a trustwort...
Landlords & real estate investors — what is ONE thing you wish your property manager did better? Not necessarily something that would make you fire them—just that one thing that consistently frustrates you or makes you think, “Why can't they just get this right?” Communication? Repairs? Tenant sc...
I am currently too young and don’t have enough money saved up to invest in real estate and was wondering what I should do to save up for my first real estate investment a little down the road?
Happy Thursday everyone. Three more observations from the self-managing side of rental property. A lot of landlords keep an eye on the bank account to see how the rental is doing. I do too. But the balance in that account and the financial performance of the property are not necessarily telling y...
Hey everyone, I am fascinated with real estate investing. I want to get started, I am always looking at houses and finding deals and things in my price range, but I always feel like I have less knowledge than I would like. This is what really feels like its holding me back. I am a very hands on l...
I’m curious how different investors calculate their maintenance reserves. A simple percentage of rental income seems straightforward, but I imagine the appropriate amount can vary significantly depending on the property's age, condition, location, and major systems. For example, would you use a f...
A "no pets” policy does not automatically mean a tenant cannot have an assistance animal. Under Fair Housing requirements, a qualifying service or emotional support animal may be considered a reasonable accommodation for a person with a disability. That means the animal generally cannot be treate...
Does anyone have a foundation specialist in the Greensboro area that they know and trust that they could recommend?
Hello! I am just beginning my wholesale business in southwest Michigan. I have few questions, and any guidance would be greatly appreciated! I established an LLC but have not yet drafted an operating agreement to state that I am authorized to sign contracts. This is required with my title company...
Hey BP Community, I’ve been following the discussions here for a while and wanted to officially introduce myself. My path into property management started with a legal background. While practicing law, I saw firsthand how quickly a small oversight in a lease, a delayed maintenance request, or an ...
Are you seeing more investors buying, sitting on the sidelines, or becoming more selective with deals? What's the investor sentiment like in your market right now?
I'm hoping to find a parcel, subdivide, and build to hold to build my rental portfolio. I'm trying to find what land development costs people are experiencing to help me underwrite a hypothetical deal to move toward pre-approval on lending. Anyone with any experience who could speak to this? TIA!
Between paper and online, I'm looking for some advice on how to do screening (as well as a poll, as I'm interested to know what people have integrated into their process). Just looking for the best way to scale this process. Liability-wise (dealing with sensitive data like SSN and other info), on...
Distressed multifamily properties are getting more attention from investors right now. And on the surface, a property being sold at a discount can sound pretty attractive. But here’s the question I would ask first: Why is it distressed? Recent data shows distressed multifamily sales increased to ...
I currently live in Colorado Springs where housing prices are very high. A duplex can go for 500k-1M on depending on the condition and location. I am wondering if I should move somewhere that prices are lower to start my investing journey. I am 17 and simply wanting to learn so I have lots of fre...
Hi ALL, I am moving towards starting my real estate investment business. I currently own a plumbing and HVAC service business. I am looking for any insight and perhaps even looking for anyone who wants to partner, lenders, etc. I have a business plan in place and now it's just a matter of putting...
Hello All, So meantime I want to learn on the side Private Lending. I did go to an event several years ago It was of George Antone in California. So far I know non-owner occupied loans should be done if doing Private lending and also LTV (loan to value), first-lien, etc. But the biggest obstacle ...
I'm looking for a lender experienced with DSCR cash-out refinances on true log cabins operating as short-term vacation rentals in the Smoky Mountains. My property is an established five-bedroom, 4.5-bathroom vacation rental in Sevierville, Tennessee, accommodating up to 16 guests. Estimated prope...
Getting close to call for CO on a multi-unit gut rehab and realized that I neglected to use 1 hr fire rated doors for unit entry doors. Just used regular steel entry doors. Is this something that's going to 100% get flagged and need to be rectified? Is there any work around? I've already trimmed ...