Bryan Hartlen
Anyone have good experiences with their property management company?
18 January 2025 | 11 replies
Some key qualities to look for include:- **Responsive communication**: A PM company that keeps you in the loop and addresses issues promptly- **Local expertise**: Knowledge of the Birmingham market and experience with Section 8 tenants.- **Proactive maintenance**: Regular inspections and quick resolution of maintenance issues to keep tenants happy and properties in good condition- **Transparent reporting**: Clear and detailed financial reports so you know exactly where your money is goingIf your current PM isn’t meeting these standards, it might be worth exploring other options.
Anna Smith
Seeking Expertise for Group Multifamily Purchase and Co-op Formation
17 December 2024 | 1 reply
We need:1️⃣ Guidance on purchasing real estate as a group.2️⃣ Expertise in establishing housing co-ops.If you’re a real estate, legal, or co-op professional—or know someone who is—please let us know.
Andrew Self
Mortgage Lenders for LLC
18 January 2025 | 11 replies
Mortgages for LLCs with personal credit under 680 are tough and expensive, and under 640 are typically not really economically practical for the borrower.
Aubrey Eblin
Rent to Retirement - A Great Experience
2 January 2025 | 1 reply
Zach and Matthew have been phenomenal, always responsive and willing to share their expertise.
Adam Macias
Wholesaling as it is today will be a thing of the past.
12 January 2025 | 8 replies
Quote from @Adam Macias: Wholesaling as it is today will be a thing of the past.It’ll truly be strange to even hear people and gurus trying to make big money off it.The more people try wholesaling but then end up not having an end buyer or cancelling contracts or trying weird things like novations, the more all of real estate will be regulated and cause requirements like licensing to be able to transact more than just your personal resident purchase.Which I don't know why hasn't happened sooner.Here's all the states (in red or yellow) requiring a license to wholesale or at least have started the process:Credit: REITipsterI think licensing and regulation is a beautiful thing that should happen if you plan to be an wholesaler and do more than one deal... which is going to be the case for anyone taking this business seriously.Or even it being regulated to need a real estate agent to do more than one deal outside of buying a personal residence.I've had plenty of failed attempts with agents in pursuit of wholesale deals and I know exactly why, it's not because the agent couldn't find me deals, it's just not practical to think there's opportunity for the numbers a wholesaler needs to make a profit on top of everyone else needing to these days.Because the only sellers who truly can sell at a deep enough discount are usually those who ran out of time and just didn't do something sooner with their situation.I know many coaches and gurus will disagree with me but there’s no regulations on youtube gurus and what they teach either.If we look at the current state of the market in hot cities, the availability of online resources to the average homeowner, how many deals can you possibly believe are available at 70% of ARV?
Elvon Bowman
First time acquisition
16 January 2025 | 12 replies
All well and good to dream big, but you need to understand the practicalities and probabilities of getting the deal to closing.
Paulette Midgette
A Contractor I Would Not Recommend
17 January 2025 | 12 replies
There are some teeth to HICPA since it works in tandem with the Unfair Trade Practices and Consumer Protection Law ("UTPCPL").
Dan Ross
Is the Pace Morby Subto program worth 10,000 dollars?
28 January 2025 | 48 replies
I had spent $3k on a mentor a couple years back and it was also a waste of money. there are some good resources and mentors out there, but some people just use social media to promote their "expertise" when in reality they just provide a bad experience, just like pace morby Truth.
Derick Jennings
New to this
31 January 2025 | 12 replies
Find a good lender, get pre approved, make sure you practice running the #'s using the 100's of videos and guides from BP, find an investor friendly Realtor, and then start making offers on any property that meets your goal.
Bob Avery
Understanding BP Lease Fields
9 January 2025 | 3 replies
I'm working on my first rental and trying to understand the best practices for how to use the template leases I can find.