Brandon Taylor
Deal or No Deal?
11 November 2024 | 2 replies
Hey BP Community,I’m working on a unique deal and could really use some guidance to bring it across the finish line.A broker that I have worked with in the past came to me with an opportunity that I am extremely interested in.
Jared Smith
Should we keep our home as a rental
14 November 2024 | 25 replies
$400,000 seems extremely high for a rental property.
Jonathan Greene
Calling Out The Welcome Trolls, The Cut and Pasters, and AI Posters
16 November 2024 | 32 replies
Generally most of us aren't going to go through the guilty party's profile and take down everything that qualifies because it takes a lot of time and effort, and most threads have an extremely short shelf life - no one is going to remember it or see it a couple of days from now.
Daniel Suarez
Renting to sex offender
17 November 2024 | 32 replies
If the landlord was aware of his past, yet rented to him anyway - any lawyer worth their salt would make a nexus between those two pieces of information and create a liability claim.In addition to the extreme negative press you would get, it also takes time, money and energy to defend a lawsuit you will eventually win.
Allan Yeung
DSCR vs Cash Out Refi
13 November 2024 | 12 replies
In some cases, if the ARV is outlandish or the change in value is rapid and extreme (ex: purchasing for $100k last month, appraising for $500k thirty days later), it may need to be supported by a CDA or evidence of repairs/upgrades.
Brian Quo
How bad is it to start off not cash flowing on 1st rental that is new construction?
20 November 2024 | 37 replies
Talk is cheap.So my last purchase (Dec 2031) was the extreme negative cash flow.
Haim Assaraf
Suggested Tenant Amenities
6 November 2024 | 6 replies
It's hard to give an answer without knowing your tenants, how many of them there are, what amenities are in the area, and more.If you had 10+ tiny apartments, a game room or fitness area may be attractive.
Stuart Udis
Structuring your entities for anonymity is NOT asset protection
21 November 2024 | 39 replies
BUT, being sued, and loosing is extremely rare if you're reasonable careful.
Joe S.
What to do when a contractor pulls a huge number out of the hat after the fact?
11 November 2024 | 22 replies
I think this is extreme price gouging, especially since we did not agree to pay that kind of money and if he was expecting that kind of money, he should not have awaited to the very end to tell us.
Jon Pflueger
Advice on NYC rental markets in Queens, Brooklyn, Long Island
12 November 2024 | 17 replies
You seem extremely confident in your initial claims, take me up on it.Either way, I do appreciate the honest feed back on my posts from both of you, I understand that NY is one of the hardest markets to succeed in, but I am a firm believer in the Stockdale Paradox (Jim Collins, Good to Great).Best,-JonThis wasn't a back and forth.