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Results (10,000+)
Shannon Reynolds Fraud or no?
25 August 2024 | 57 replies
It never gets talked about here on BP, but it's fairly easy for a difficult client with like 1 house to be unprofitable for a property manager.
Chuk Obiazi Is wholesaling as easy as they say?
20 August 2024 | 24 replies
People who are active real property investors, or work at careers in the industry, will occasionally come across a deal that lends itself to making a quick fee by flipping or wholesaling the deal to another buyer.  
Wil Reichard Should I give up trying to refinance?
19 August 2024 | 12 replies
Not sure what you are planning on using the 50-75K for but if it is just living expenses, etc while you start your new career than just go with the 20-30K personal loan.
James McGovern What are Best Practices for Agent Remarks when Listing property with a Flat Fee...
20 August 2024 | 1 reply
Avoid anything that makes you look like a difficult seller, such as showing restrictions, or other conditions.The purpose of the remarks is to make people want to view the property.
James McGovern Is the ability to negotiate realtor commissions a form of Fakenews?
20 August 2024 | 18 replies
Nothing accomplished except to add confusion, complication, and make transactions potentially more difficult to close.  
Augustine Tambe Dabbling with House Hacking
20 August 2024 | 2 replies
Like @Taylor Dasch mentioned, in this market it would be very difficult to cover the full mortgage by renting one side of a house hack.
Ken Livingston Anyone worked with Ohio Elite PM company?
22 August 2024 | 20 replies
Its a difficult area to navigate, but there are some excellent PM firms in Columbus as well.Best of luck
Clayton Silva Local vs National
20 August 2024 | 2 replies
There are definitely pros and cons to each so I figured I would just lay out a few benefits and personal thoughts: Small banks/brokerages:Pros:- Some regional knowledge of the market- Possibility of more creative lending guidelines with bank specific programs- Sometimes they have competitive rates for their areaCons: - weak balance sheet (more strict on some guidelines, no wiggle room, inability to be flexible or grant exceptions because they cannot afford to hold less than perfect loans)- Can't scale with clients to different markets- Usually limits exposure to individual investors (they don't want one investor to be too big of a portion of their balance sheet)- Lack of experience with multiple solutions (tend to have 2 or 3 loan products they sell and are too niche to provide tailored solutions)Large banks/brokerages:Pros:- Large compliance departments that understand individual market guidelines (typically each state has specific lending guidelines that augment the national baseline)- Ability to scale into multiple markets with same lender (licensed in many states)- Impossible for individual investors to "outgrow" a large bank's balance sheet (not concerned with one investor's concentration)- More lending solutions available for different scenarios- Often comparable or better rates given the game is volume basedCons:- Can be more difficult to get fast responses if the bank/brokerage does not have good follow up systems in place (or if the underwriting/processing staff gets overwhelmed)- Bad large banks can feel less like a relationship and more like a cog in a factory (less personal)Overall, I have worked from both and worked with both as a loan officer, branch manager, and as an investor/client myself. 
David Switzer Question about ADA and ramps
20 August 2024 | 6 replies
It will likely be more difficult to rent to a able-bodied tenants and much easier to rent to disabled tenants, possibly at a premium since it is (almost) ready to go.
Brittany Moreland Where to find equity partners?
22 August 2024 | 31 replies
It's very difficult for somebody in your position to find an equity partner on a $50K rental property, let alone millions of dollars of stuff.As others mentioned, start small and prove you can make it work with your own funds first, then the partnership arrangements will find you.