Jerry Zhang
Agent Outreach to find seller finance multifamily deals?
22 December 2024 | 8 replies
The entire agent model would perish because most of the time off-market listings are new leads that need to be prepared before hitting the market.
Igor Sinchuk
Hi BP community! I'm your go-to person for Airbnb Revenue Management
6 January 2025 | 1 reply
Looking forward to meeting likeminded people :)
Cole Dobbs
New Member Introduction
10 January 2025 | 9 replies
I figured this would be the perfect place to connect with like-minded people, get advice, and explore more resources to guide our decisions.
Leeling Chew
Should all tenants fill out rental application, or only the one who pays the rent?
10 January 2025 | 8 replies
You have three people that are not responsible for anything living in your property.
Vijay Singh Sambasivam
Financing Strategy & Recommendations for a Storefront
6 January 2025 | 3 replies
The credit committee is usually made up of local people who are familiar with the market they are in.
Angelo Llamas
Tax breaks for a rental breaking even
19 December 2024 | 12 replies
Some months I’ve unfortunately had to pay like $150 out of pocket but I’m Planning on holding long term wise and the let the rental bare fruit later in my life because I’m only 22 and just wanted a base hit or a rental in a great neighborhood.
Anthony Jackson
Norada Capital Management Promissory note investment
5 February 2025 | 38 replies
Prefer keeping this kind of stuff behind closed doors if possible and sorting it out without revealing dirty laundry.I would have been in the same boat as many other turnkey providers that are no longer around if I didn't focus on limiting how much business I take on.And even with my stupidly strict criteria, we still copped the brunt of the sword.Business is business and people are people, sometimes things just don't work out.It's a true shame but such is life.I always want whats best for everyone and for every deal to work out and for everyone to succeed.With the best intentions, mistakes are still made.Those that work hard and do their best, will also make mistakes unfortunately.Again, I sleep in peace and whenever I F@#$ up, it's an honest mistake so crucify me all you want.Thank God, never been sued and back round is squeaky clean and I intend to keep it that way.Less is more and when crisis does arise (It always eventually does no matter how much you prepare and do your best), we can hopefully rectify and do our best to fix.For example, just had an investor loose $50,000 on a deal and the next few deals we are working for free for this investor.We don't have to do this, we want to...Not sure how we would be able to accommodate such an instance if I had 50+ investors loosing that much so I guess my stringent on-boarding criteria has saved our A$$ for 10+ years now.Granted, I'm burnt out on folks and have pulled back even more from doing our "measly" 4-5 turnkey deals per month and have decided to focus on just building my own portfolio.Like I initially intended when I moved to this country in 2012.Thanks mate and keep being great
Craig Parsons
Hot mess with a renter/squater how to get hew out ASAP
8 January 2025 | 20 replies
Yes, you will take a hit in the sales price, but consider the cost of getting an attorney and going through the eviction process.I'm not a lawyer, but I would offer her cash to leave first.
Sunny Wu
Tenant wants to break lease 8 months early
6 January 2025 | 6 replies
They likely know people in the area, and then they might feel that you are trying all avenues to find the next tenant.
Jessica Medvec
Is “cash only” really cash?
29 December 2024 | 9 replies
They may not be able to use financing contingencies and may have to show proof of funds equal to the acquisition price but the money that hits the sellers bank account is the same whether its "cash" or a financed transaction.