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19 September 2024 | 11 replies
Tell them it's mandatory.Make sure you are named as additional insured to protect your interests but also if they let the policy lapse you will get a little post card in the mail from Lexus Nexus or a similar company saying the policy is lapsed or canceled.For those that allow pets - have them get a renters policy that does not have a dog bite or dog breed exclusion.
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19 September 2024 | 11 replies
If you do find a deal and maybe it doesn’t cash flow for the first year or 2 but you can make improvements, raise rents on under market leases, manage property effectively and cover your expenses at least you will have started and can look for better cashflow over time.
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19 September 2024 | 5 replies
If some applicants fall below your requirements, then everyone would be considered "conditional," you can raise the security deposit to mitigate your risk of someone breaking up or defaulting.
16 September 2024 | 9 replies
I checked the town card (it’s right) and the mill rate is unchanged.
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17 September 2024 | 8 replies
How do you determine the property should have an NOI of $400K without raising the rents?
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18 September 2024 | 3 replies
The logo on your card makes no difference.
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18 September 2024 | 15 replies
Unfortunately, those that do not allow a ppp will often raise the rate or charge origination to offset their risk of having no PPP on the loan product.If anyone is interested in the Ohio statutes, you can read the summary with links to specific statutes here:https://com.ohio.gov/divisions-and-programs/financial-instit...Interestingly enough, the PPP statues only apply to 1 or 2 unit residential homes with a few other "ands" in order to meet the criteria.
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18 September 2024 | 5 replies
I’d look at how long you plan to live there first as the longer you live there typically the higher you can raise rents organically due to inflation and the overall cost of living increasing every year.
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17 September 2024 | 2 replies
Our capital raise is not over, the target for this fund is $250M.
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18 September 2024 | 6 replies
Most real estate investors who raise LLC questions on BP forums cannot articulate the risks they are protecting against or how an LLC will provide the appropriate levels of protection.