Terry Owens
Temporary Housing Directory
11 November 2024 | 5 replies
I got lucky that the tenant wanted a house in my neighborhood to keep kids close to their schoolsHouse was listed for 1750, they offered 2250 but I declined , so they offered $3k, ended up renting the house for $3250 ($250 pet rent) per month, for 3 month, open to extension if needed.I met the tenant and did the background check on them, I felt comfortable renting to them THD takes time with approving the property, but they were quick to approve the lease, and they sent me the checks the next day after lease signingMy house is not furnished, and they were ok with that , they actually work with a company that provides furniture for the tenant, and they coordinate the delivery and setup of furniture on the lease start dateOverall I like the experience working with them , but hey today is day #1 (out of a possible 3 months), so I will update this post if anything wrong happens or if I notice any red flags
Vito DiIenna
Confirming Legal Status of a Multifamily Home in NYC
13 November 2024 | 7 replies
So be careful and make sure you interview the Expediter and that they have had success in obtaining the Letter of No Objection.As far as evidence that you need to gather, look up your buildings TAX Class.You will find it here: Building Information SearchHere you will see something that looks like this:NOTE that while this is a Dept of Buildings Web Portal, what I have circled in RED is the Department of FINANCE Building Classification.You may not have a CofO, but the Dept of Finance maybe taxing you as a 2 Family.
Nevin Wilkie
Refinanced my first BRRRR but bank will not let me put it into an LLC
13 November 2024 | 18 replies
DSCR loans offer more flexibility with long-term fixed rates and less red tape.
Jonathan Perez
My experience with the Multi-Family Mindset 3-day workshop
9 November 2024 | 27 replies
It’s a huge red flag.
Robbie Shiver
Short Term Rental Alternatives? Need Help/Ideas
15 November 2024 | 17 replies
I know Red Awning charges 10% and they handle most of the guest communications and listing, pricing for you, but you still need to arrange cleaners.
Karl Kauper
Are there no actual property owners on BP?
15 November 2024 | 18 replies
Do your research on the forums for general tips on hiring a PM, what to look for, what to look out for, good stories, bad stories, learn from others about their experiences with all kinds of PMs all over the place and take what you learn when you're speaking to PMs in your area so you can more easily see red flags, or green flags!
Matthew Edmondson
Real estate syndications
12 November 2024 | 8 replies
There was a post the other day someone posted about and invested in and the sponsor had a very shady past which should have been an immediate red flag.
Christopher Cole
Separate mail boxes for new duplex
11 November 2024 | 20 replies
The address was submitted to their red book and now shows up online as official address when I try to ship items from Amazon or similar websites.
Taye Calder
4-Plex Buyer - Any Area Suggestions?
7 November 2024 | 2 replies
Preferably in towns of 100k+ in red states.
Collin Schwartz
Trading W-2 for Self Management- 0-92 Units in 16 months!
1 December 2024 | 377 replies
Was it on yellow paper with red ink?