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
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.
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!
Luis Maza
Real wholesalers - or hype pricing - my numbers are not adding up - dilemma
15 November 2024 | 15 replies
This is more common that you might think.They do not take into consideration the costs borne by the investor associated with the transaction such as: closing costs, carrying costs, finance costs, exit costs, etc.They are trying to hit a homerun on every deal and not leaving enough "meat on the bone" for the next person.
Jonathan Perez
My experience with the Multi-Family Mindset 3-day workshop
9 November 2024 | 27 replies
It’s a huge red flag.
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.
Steve Holt
Is BongoStays legit?
12 November 2024 | 47 replies
There were some red flags prior and I should have trusted my gut on those, $2500 lost.
Brian Scott
Looking to purchase our next MF
11 November 2024 | 11 replies
If investors, you need experience and a strong understanding of how deals should be structured so that you can offer your investors adequate returns to meet their objectives while also having enough meat on the bone to be worth your efforts.
Will Gaston
Nearing 1,000 College Student Tenants: Here's what I've Learned
21 November 2024 | 305 replies
It is seen as a red flag by a portion of the parents.