Briar Blake
Property Managers Violated Contract
7 January 2025 | 11 replies
PM's will keep all late fees, they hold the security deposits so they collect all the interest on security deposits.
Fareen E.
Start lease on closing date or the day after?
10 January 2025 | 11 replies
Sellers may struggle to mentally shift from "owner" to "tenant," which can create challenges with boundaries and property care.Security Deposit:If you’re doing a temporary leaseback, be sure to collect a substantial security deposit to cover potential damages and ensure they vacate on time.
Frank Pyle
Seeking Advice on Financing an Airbnb/Short-Term Rental
11 January 2025 | 13 replies
Hi @Frank Pyle,**I am not affiliated with any of the companies mentioned**To secure long-term financing for your Airbnb, look for DSCR lenders that accept pro forma income instead of requiring 12 months of rental history.
Robert Belmont
Security Camera recommendations
8 December 2024 | 3 replies
This is my first investment property and I was wondering if anyone has recommendations for security cameras.
Elvon Bowman
New Investor looking to scale immediately
2 January 2025 | 7 replies
Currently, we are targeting multifamily properties of 100+ units, and have been actively engaging with various owners and brokers, submitting Letters of Intent (LOIs) and working to secure deals.While some may consider our approach bold for new investors, we are confident that, with the right team and expertise, we can succeed in achieving our objectives.I’m excited to be part of this community and look forward to learning from your collective experience.
Sandra Andrews
Escrow Accounts for Holding Security Deposits
10 December 2024 | 1 reply
I know I need to hold the security deposit in an escrow account.
Don Konipol
How to Avoid LARGE Loses in Passive Investing
14 January 2025 | 23 replies
For active investments I advocate considering how you can diversify WITHOUT ceding your competitive advantage nor the superior profitability of the niche your in.As an example my business is running an investment fund and syndication high interest commercial mortgage loans secured by income producing real estate.
Kevin G.
Antioch BRRRR Project
7 January 2025 | 0 replies
Purchase price: $420,000 Cash invested: $55,096 Purchased a distressed single-family home in Antioch, CA, using the BRRRR strategy to create $141,000 in equity and secure a cash-flowing rental property.
Godsheritage Adeoye
First investment property secured, and second under contract at age 20!!
25 December 2024 | 2 replies
Hey everyone, it’s Godsheritage here!
I’m thrilled to announce that I just closed on my first investment property within one week of joining the BP community! Even more exciting, I’m already getting my second prope...
Audrey Sommer
Texan Markets Near the Mexican Border
30 December 2024 | 1 reply
Even with trump's aggressive plans for mass deportation and border security, I also have to think long term about future presidents' agendas towards border control too, and anticipate potential presidents being more loose on border security.