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16 January 2025 | 5 replies
Contractors, unless you have a working relationship with them, normally do not want you bouncing ideas off them.Understand what their hourly rate is, have a discussion with them that you are okay with paying them an hourly rate if they walk the property with you and provide you a scope of work along with an explanation of what you can/can't get away with in regards to improvements.ask them if you go with them, if they can credit you the amount that you paid.Once you develop a working relationship with a few contractors, you can bounce ideas off them and expect quality responses.I do not invest in New York.Best of luck.
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21 January 2025 | 7 replies
It is normally not suggested to own appreciating property, such as real estate, within an S-Corp.
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13 January 2025 | 2 replies
Hello BPers I was going to attend my first local investor event/meet up and was wondering what people normally wear to these things.
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9 February 2025 | 36 replies
I'd like to see those normalize.
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17 January 2025 | 40 replies
It could be fast tracked or it could take 6+ months as government stuff normally does.
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23 January 2025 | 9 replies
This just sounds like a normal B2B relationship w/ the brokerage.
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11 January 2025 | 7 replies
Security Deposit: 2600Lease states no smoking/painting walls/no hanging things on wallsTenants have moved out and have left two truck loads of garbage to be removed.Damaged doorPainted walls which got on the ceiling and trim Lots of holes on the walls throughout the houseDamage from windows being left open constantly Weed was clearly smoked in the house (smell throughout the place) so we need to deep cleanWater bill wasn't paid so I had to turn back on utilityMissing keyQuoted costs:$450 junk removal (some furniture)$935 for damaged doors/windows, painting cleaning$30 for utility turn onTenants were only there for a year before moving out so a lot of this is beyond normal wear and tear.
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22 February 2025 | 48 replies
But it's in your interests to make sure the property value makes sense and the borrower has skin in the game.
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17 February 2025 | 69 replies
Normally soil compaction is not an issue, but you might need a test done.13.
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23 January 2025 | 165 replies
Yeah, it's a very normalized thing.