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9 August 2024 | 47 replies
Also, if I place bad tenants frequently, I can count on being fired, so what sense does that make to ruin my reputation and lose other business for half or 1 months rent commission?
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10 August 2024 | 85 replies
I do think Puerto Rico should work a bit harder to build its reputation as a travel destination (which is probably why they have created incentives like act 74, which offers tax credits on tourist/hotel type of projects), and they do have other things in the works I've heard are coming.
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5 August 2024 | 8 replies
For BRRRRs, seasoning requirement would be a big hurdle as conventional generally has a 12 months seasoning now.If you're focused on building relationships, the best would be to find a reputable and reviewed lender/broker and talk to the account executives/originator.
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5 August 2024 | 27 replies
For example, I have a potential client that has decent unit with a solid location but the decor/furnishings remind of a frat boy out of college meets IKEA/Amazon.A unit like this will suffer from poor design and the reviews will show as well which I do not want affecting my reputation or Super Host status.Do I just decline taking them on if they are not willing to work on it?
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3 August 2024 | 10 replies
.- Consider reimbursing the new owner: While not ideal, paying the $6k might be the most cost-effective solution to protect the contractor's license and your reputation.- Learn for future projects: This experience underscores the importance of thorough inspections, even on recently installed systems.- Check statute of limitations: Depending on your state, there might be a time limit on claims related to construction defects.As a hard money lender specializing in fix and flip deals, I've seen similar situations arise.
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1 August 2024 | 2 replies
We completed our first fix and flip with cash and earned a 78% ROI. I now need a lender who can help me purchase my next properties so that I maximize the profits from my first property. Any advice for shopping for l...
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1 August 2024 | 4 replies
There are plenty of HMLs here on BP and other reputable companies to work with.
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1 August 2024 | 12 replies
Evaluate the lender's reputation and experience: Choose lenders with a proven track record who have been in business for a while and have reviews/testimonials you can talk to if you like3.
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2 August 2024 | 10 replies
Obviously, based on my relationship with the company, I'm not unbiased, but most people here on BiggerPockets know that I value my reputation above all, and when I agreed to join FTF as an advisor a couple years ago, it was because I was very impressed not only with their business model and underwriting guidelines, but with the CEO (Matt Rodak) and the rest of the management team.I have no requirement to invest my own money on the FTF platform; I do that simply because I like the platform, like the deals that are being funded and find the returns to be nearly as good as the private lending I do, but without all the overhead.
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2 August 2024 | 5 replies
For those that say the insurance company's job is not to pay out --- then perhaps you should go with a more reputable insurance company...Hope this bit helps.