Amit Chugh
Section 8 Property
5 January 2025 | 5 replies
You’ll need to handle inspections, work with housing authorities, and make sure your tenant screening process is solid.
Mak K.
Tenant lied and has a dog on first month of lease -Texas
16 January 2025 | 8 replies
This is something their screening probably would have caught, or their system would have a legal procedure to deal with it.
Natasha Rooney
Multifamily Properties in Indianapolis
17 January 2025 | 13 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Kris Lou
Any local Investor Meetups?? Looking to network!
30 December 2024 | 3 replies
Go to GET STARTED > EVENTS AND MEETUPS at the top of your screen.
Jessica Kiely
New rental - attracting a qualified tenant
30 December 2024 | 8 replies
Here is my system that I have shared on the forums previously:It all starts with online ads, within which are several pre-screening questions I request be answered in their response to my ad.
Giacomo Matthew Degl'Innocenti
Decency of treatment and unfair losses
26 December 2024 | 11 replies
You’ll be judged and screened exactly the same as everyone else that applies.
Cristen Marcotte
DO NOT USE STEADILY INSURANCE
19 January 2025 | 15 replies
My broker could not find any other carrier to cover a rental condo.
Leon George
New to BP Community
12 January 2025 | 11 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Kyle Carter
Sub 2 Financing
7 January 2025 | 7 replies
For me as well as the seller.First, you have to define Sub to financing.Do you mean the reckless kind where you overpay for a property, take over the financing and borrow from others to cover closing costs and holding costs when you have no money, no credit, no income, no reserves and can't tell a warranty deed from a deed of trust and you close on the kitchen counteror do you meanbuying below market value, already having a nice income, having reserves, using escrow and title, already understanding the due on sale clause, have done a lot of creative purchases and know when to use and when not to use creative finance and how to recover if something goes amiss?
Ezra Avery
Hello & Thank You
7 January 2025 | 5 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.