Jerry N.
Snow removal SW suburbs
16 January 2025 | 2 replies
Used PSI last year, they did a bad job, the snow wasn't even bad last year and with several attempts asking them to do better within the terms of the contract, they still sucked.
Jeffrey Robison
Licensed PA and TX Lender
18 January 2025 | 5 replies
We just moved from PA last year.
Steve K.
Due On Sale Clause About to Become More Common?
12 January 2025 | 185 replies
As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to purchaser.Thanks, I got the impression there was a difference between contract for deed and subject to.
Sofiya Cherni
Montgomery County, MD non-refundable pet fee change start date
16 January 2025 | 6 replies
Quote from @Sofiya Cherni: Hi,I noticed last year in Montgomery County Landlord-Tenant Handbook that landlords may no longer charge non-refundable pet fees.
Leon George
New to BP Community
12 January 2025 | 11 replies
Verifying last 2 years of rental history very important!
Torianne Baley
Letter of Intent with Loan Fee - Is this Legit
2 January 2025 | 19 replies
You will make a better return with less risk keeping your money in a CD or bond.
Diandre Pierce
Mobile home park opportunity
12 January 2025 | 7 replies
My uncle has done 84 percent for the last 14 consecutive years (these numbers can be proven and have been well documented) .
Brett Coultas
New member introduction and host financial question
15 January 2025 | 6 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Hedman Maximus
Trying to figure out my next strategy!!
18 January 2025 | 5 replies
I’m thinking about 1031 exchange , the town is a sleepy town , the same contractors and good tenants don’t last that long
Wiley Hood
Are DIY cost segregations a good idea?
12 January 2025 | 28 replies
I have been able to review or been told of several audits (from other REI tax colleagues) related to cost segs in the last year or so- and of those none of DIY cost segs were allowed under audit.