John Lee
22, New to REI and looking to network and ask for advice
7 January 2025 | 20 replies
From what I read and understand, this means I'm likely going to struggle with getting a loan, not even considering the inability to pay any down payment.On the other hand, my parents have significant liquid assets, (think on the order of > 500k), that they are potentially looking to diversify into real estate.
MIchael McCUe
Is debt relief a good idea, filing bankruptcy
9 January 2025 | 14 replies
Have been in BP for about 3 years and made several posts.
Karin Recalde
Purchased property listed and sold as a triplex just found out from city it is a SFH
8 January 2025 | 26 replies
To me, it was a huge learning lesson when I made that mistake.
Jim Bryant
What to Expect at Eviction Hearing
28 December 2024 | 16 replies
This display didn't help, he was ordered to vacate in 5 days and ordered to pay 2.5k, almost the total amount I requested.
Steve K.
Anyone Else Fed Up With Loan Servicing Companies?
8 January 2025 | 33 replies
You should have 60 days from the transfer where a payment made to either servicer is still deemed to be a payment rendered.
John Friendas
Maximum # of DSCR Loans Lenders Will Give?
9 January 2025 | 8 replies
The downpayment and closing costs would be one large hurdle in order to repeat this, I'm not sure how willing lenders are to allow 3 properties a year.
Anthony Freeman
Property Management software
10 January 2025 | 5 replies
These are features like online renter payments, tenant portal (for payments and work orders), help keeping track of work orders, tax reporting features, and accounting functionality.
Phillip Austin
Should I fire one of my owners?
3 January 2025 | 8 replies
.- Tenant submitted a work order for low water pressure in 2 bathrooms- Tenant submitted a work order because the garage door doesn't close all the way and left a 2-3 inch gap at the bottom- Owner initially refused to address either work order- Owner demanding the tenants place furniture pads on each piece of furniture- Owner calling multiple times to speak through the work orders, asking when they've been scheduled, calling a couple days later requesting the invoices- Owner calling because they want to access their storage in the basement so they can remove several pieces of furniture being stored- Owner now emailing requesting multiple property inspections throughout the lease cycle- Owner questioning my experience and relative PM knowledge because I'm not following up with her in a timely manner (the following day after the work order)Keep in mind, this is 2 weeks after the tenants had moved in and the tenants are very happy in the home.This is something we see on a regular basis.
Rene Hosman
What is your preferred way to collect rent?
28 December 2024 | 12 replies
However, I also have ways for them to pay with cash, card, money order, cashiers check, and personal check.
Kwanza Price
Advice for Finding Contractors (San Francisco)
11 January 2025 | 2 replies
During demo, if they open up a wall and find a leak that requires a change order. the change order should be specific to that repair and have a cost associated with it. 6.