Michael Mulholland
Using STRESSA and RENTREDI
25 December 2024 | 2 replies
I currently use rentredi and am disappointed in it, I want to switch to STRESSA but find they collect rents into their bank account.Has anyone used RENTREDI accounting software, they want $100.00 per month which i find exesssive.
Anna Thanopoulou
Material participation - proof to collect
26 November 2024 | 3 replies
Generally, grouping allows you to count all your hours collectively toward the 500-hour threshold, simplifying the qualification process for multiple properties.
Chrissy Smyth
Rental in depresses area and minimum requirements
8 January 2025 | 3 replies
We have never collected that and it is not a significant cost.Also be very careful changing criteria mid stream, I would only change it between vacancies.
Damon Albers
tenants breaking leases and excessive damage make it hard to be profitable
5 January 2025 | 39 replies
I agree with you on not being able to collect on judgements.
Steven Rosenfeld
What do you think of syndicate sponsor Goodegg Investments?
11 January 2025 | 50 replies
It has provided no estimate of when distributions will be resumed.Nonetheless, it continues its barrage of self-promotion and continues to project large profits on current offerings.The proof is in the pudding.
Anjali L.
SSN for tenant
4 January 2025 | 6 replies
You should only need the SSN or license if you are hiring a collections company.
Leon George
New to BP Community
12 January 2025 | 11 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
Godsheritage Adeoye
How to takeover Subject to loan
3 January 2025 | 7 replies
There are actually THREE kinds of subject to transactions1- subject to existing mortgage without lender approval2- subject to existing mortgage WITH lender approval3- subject to existing mortgage as part of a seller financed wrap around mortgage.with #1 and #3 it’s in everyone’s interest to utilize a third party servicer, who collects and then distributes payments.
James Bolt
First purchase of many
23 December 2024 | 8 replies
That first deal always hits different—it’s not just a property, it’s proof you’re making moves.
James Petry
fire places
21 December 2024 | 6 replies
Sticking with the theory of making thins simple and fool proof......any one have thoughts or suggestions