Clayton Collins
What would you look for in skills for trust building?
9 April 2019 | 6 replies
Net worth to cosign with is another.Lacking that, (as you said, run them) offering property management might work for some.But for some that will not work if the lender requires an experienced property manager in order to make the loan.Skills:Some of the things you should understand: 1. underwriting for large complexes to know what's a good deal and if you want to participate in the deal risk wise, 2. how partnership splits are handled accounting wise so you know what you and they are getting; and 3. how the IRS looks at transactions and income from group investments so you know what you're getting into and can make intelligent decisions from a tax standpoint.
Kate Kratochvil
Fair Housing Act question
8 April 2019 | 11 replies
Based on the reason given, I think they case against the apartment complex based on "Familial status".
Andrew Bultema
Does anyone have rent to own contracts that I can use?
6 April 2019 | 2 replies
However you are dong a complex real estate deal and you need to make sure you interests are protected.
Erick Jordan
OPM Other People's Money
2 May 2019 | 11 replies
Erick, what you are describing sounds very much like a Secured Line of Credit with a touch of draw down complexity.
Chris M.
My condo complex needs $12,000,000 of repairs
8 April 2019 | 15 replies
I don't know exactly but I'd say my complex has 75 units, 1 and 2 bedroom places.
Account Closed
Out of State investment property buying
8 April 2019 | 6 replies
We are now looking out of state because my brother went off to college last year in Texas and we were talking about him signing a new lease at his apartment complex with his roommates.
Bill Haley
Cautionary Tale Question
9 April 2019 | 22 replies
https://www.nbcnews.com/news/us-news/local-chiropractor-charged-killing-4-north-dakota-property-management-business-n991501My local REI group just had a seminar on "active shooter" for apartment complex and management offices.
Christine Kankowski
Craisglist scams!! Can't we make Craigslist help?
3 February 2020 | 14 replies
@Christine Kankowski - In Riverside for an apartment complex I help out with, there seems to be somebody scamming potential renters.
Rob Dahlager
38 Unit + 3 Acres Financing
8 April 2019 | 5 replies
We expect to have a long term lease committment (5-7 yrs) for the entire complex prior to purchase.
Uyenchi Ho
On-site Property Manager
7 April 2019 | 0 replies
Hello my BP community,Does anyone know what the going rate is for an onsite property manager for a 20-unit complex in the Stockton area?