Kiryl Ulanovich
Step by step process for fix and flipping
30 January 2025 | 5 replies
@Kiryl Ulanovich,You're on the right track:Get Pre-Approval from Hard Money Lender – Know your terms and limits upfront.Find a Deal Through a Wholesaler – Verify numbers and ensure it meets your criteria.Review the Assignment of Contract – Confirm terms, earnest money, and contingencies.Conduct Due Diligence – This includes an inspection (if allowed), verifying ARV, and rehab estimates.Submit to Hard Money Lender for Final Approval – Lender will review title, contract, and property condition.Title Search & Clear Any Issues – Ensure a clean title before closing.Close Through Title Company – Finalize funding and take ownership.Consider also lining up contractors early for a smooth transition into renovations.
Kwanza P.
Typical PM Rate for Distance Managing
5 February 2025 | 14 replies
Usually 15-25% and they keep cleaning fee.
Erika Andersen
Advice on working with a home buyer's RE agent using an hourly rate?
4 February 2025 | 17 replies
I learned a lot, feel more confident and am pleased with the outcome.
Isaac Watson
Excited to join the Bigger Pockets Community
17 January 2025 | 5 replies
Wishing you the best and feel free to reach out anytime.
Phillip Austin
Nightmare Tenant - This is why you need a property manager!
2 February 2025 | 9 replies
I am assuming in this that normal cleaning was done pre-occupancy and they are excessive in their expectations.
Annie Anson
How to meet material participation hours for out of state investors
22 January 2025 | 25 replies
Let's say you spent a month on the initial preparation: cleaning, painting, shopping for furnishings, assembling IKEA furniture and so on.
James Carlson
Are STRs as we know them dead in Colorado (and other places)?
27 January 2025 | 56 replies
The last time I stayed in one, I was charged a large cleaning fee and then met with a list of what to clean prior to us leaving.
Beau Wollens
First time fix and flip opportunity in Stamford Connecticut - Total Gut Renovation
29 January 2025 | 13 replies
Feel free to share any thoughts you have here as well.
Steven Diaz
New Construction suggestions for STR
23 January 2025 | 6 replies
Clean, modern always works.
Nicholas Stout
Landlord getting into section 8 rentals. Any Tips?
18 January 2025 | 19 replies
They don't communicate well, don't take responsibility for their actions, do not clean or maintain homes well, and will shaft you when it's time to leave.Other than that, it's a pretty good system.