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Results (10,000+)
Jeremy H Barton How Do You Create Your Partnership?
14 January 2025 | 2 replies
How would you recommend, or what resources would you refer for us to properly figure out how we spend our time and appropriately get compensated for it?
Pat O'Connor San Diego Property Managers
22 January 2025 | 3 replies
The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.7.
Kyle McVay Looking for Property Management Rec.'s
20 January 2025 | 5 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊 Wow!
Marc Shin Should I get extra insurance outside of Aircover?
13 January 2025 | 16 replies
Foremost, Proper are 2 big ones.Don't skimp and get the place insured properly.
Stephen Patton Newbie & Confused
24 January 2025 | 6 replies
If you are looking for proper guidance from someone that has house hacked quite a few times and has the knowledge and experience to help get you going in the right direction, I recommend reaching out to @Josh Green.
Eyal Goren Is Subto legal?
14 January 2025 | 23 replies
The "due on sale" clause (DoSC) obligates the seller to notify the lender if the property is sold.Failing to do so would place the seller in violation of this agreement, giving the lender the right to accelerate the loan.But no laws are being broken here.So, subto is neither legal nor illegal.Second, it only works because most lenders are more interested in receiving payments than in invoking the DoSC clause and foreclosing on the property.But, it can work, provided seller and buyer are both on board and the proper process is followed.
Samuel Kim Real estate professional status 750 hours doable?
26 January 2025 | 26 replies
Just ideas, talk to your CPA to make sure you are doing it properly
Bob Judge New Member Introduction
25 January 2025 | 6 replies
Start by talking to a cross-border CPA and attorney to handle taxes and legal structures properly.
Leon George New to BP Community
24 January 2025 | 13 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.