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Results (10,000+)
Joseph Scorese What Great Leaders Do to Build Strong Power Teams
8 September 2024 | 0 replies
Promote Open Communication Create a Safe Space: Great leaders encourage open dialogue, where team members feel comfortable sharing ideas, concerns, and feedback without fear of judgment.
Sousie El How to Find out any issues with HoA before placing an offer?
10 September 2024 | 1 reply
Is there any websites or platforms that I can add to my knowledge that help with this diligence at fair/free cost?
Lan Raby Ultimate Money Pit... Quadplex priced too good to be true. The true cost was stress.
11 September 2024 | 6 replies
It was priced at $105K.... in fair/poor condition... it was still an amazing deal. 
Natalie Stokes Mortgage under deceased ex spouse
9 September 2024 | 5 replies
He took depreciation on the prop, claimed the kids I’ve had primary custody of, and likely pocketed the returns.I am in the process of trying to engage a communicative/experienced accountant to assist in cleaning this mess up asap and fortunately our amazing bookkeeper of approx 8 years is very knowledgeable and responsive.
Michael Gonda Starting out as a private investor
9 September 2024 | 12 replies
Hi everyoneWow, it's been over a decade since I was on BP, nice to be back.My business partner and I have a fairly large portfolio of SFH's that we purchased as rehab projects using hard money. 
Andrew A. Buy, Refurbish, AirBNB, Sell (in a foreign country)
10 September 2024 | 1 reply
Here’s the situation:Key Project Details:•Property Size (pre-renovation): 250 sq. meters (2500 sq. feet)•Purchase Price: 250,000 EUR (1,000 EUR/sq. meter)•Renovation Costs: 750 EUR/sq. meter (includes kitchen, appliances, quality furnishings)• Loan costs (during renovation and renting): 350 sq. meters (due to attic expansion)•Property Size (post-renovation): 350 sq. meters (due to attic expansion)•Post-Renovation Layout: 2 separate apartments•Airbnb Income (24 months): 2,500 EUR/month/apartment (= 5,000 EUR/month)• Other running costs: 600 EUR/month•Projected Sale Price (after 2-3 years): 850,000 EUR (approx. 2,500 EUR/sq. meter)•Closing Costs: Negligible in Tbilisi•Real Estate Agent’s Fee: Typically 3%, but negotiable based on who hires themFinancing Setup:•Property Purchase Financing: 100% bank financing at 5.9% interest (bank has even financed 150% to cover some renovation costs in the past)•Renovation Financing: Our friend is offering to finance 250,000 EUR in cash for the renovationsProposed Partnership Structure:•Work Involved (on our side): Full renovation (10-12 months to complete), furnishing, and property management through Airbnb until the sale (2-3 years)•Profit Split Proposal: 60% (us) / 40% (friend providing renovation financing)Questions for the Community:1.Does the proposed profit split (60/40) seem fair, given the work we would handle (renovation, furnishing, property management)?
Account Closed Property management apps
9 September 2024 | 18 replies
It creates a whole lot of uneccessary communication between us and our tenants when that happens. 
Ryan Dunn What rates are you guys on DSCR loans
10 September 2024 | 18 replies
Fees are generally higher on small loans, but that seems pretty fair 
Ian Jeppsen Low interest vs. high cash flow potential?
10 September 2024 | 7 replies
I’m renting the property for fair market value. 
Kay B. No shower for 3 days due to necessary repair
11 September 2024 | 31 replies
Before filing such a complaint with DHCR for breach of the warranty, the tenant must communicate in writing with the landlord about the problem.