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2 February 2025 | 5 replies
Send it to every address they give you including the current rental assuming it will be forwarded to the address they gave the post office.
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27 January 2025 | 13 replies
Document all your efforts, including repair invoices and communications, to show you’re acting in good faith as a landlord.
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3 February 2025 | 11 replies
BPCON attracts investors from all experience levels, including folks looking for their first or second deal.
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22 January 2025 | 12 replies
These are business purpose loans so there isn't any sort of red tape when purchasing multiple properties at once or one after another.
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30 January 2025 | 1 reply
I also worked with a great lender who helped navigate financing options, including my HELOC, to make the deal happen.
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2 February 2025 | 10 replies
So you can see why mentioning that solar benefits from tax credits without including the fact that every other form of energy does as well comes across as remiss to anyone who knows a little bit about energy.
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6 February 2025 | 9 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.
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27 January 2025 | 7 replies
Proper underwriting - this includes an appraisal, loan app and full underwriting to comply with CFPB regulations.2.
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1 February 2025 | 4 replies
You Can Only Have 35 Non-Accredited InvestorsRule 506(b) allows an unlimited number of accredited investors but restricts you to only 35 non-accredited investors.However, there’s a catch:Non-accredited investors must be financially sophisticated.They must have enough experience to evaluate the investment risks.From the SEC:“Securities may not be sold to more than 35 non-accredited investors… [who] must meet the legal standard of having sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of the prospective investment.”If you’re planning to include non-accredited investors, make sure they qualify—or you could be violating SEC rules.3.
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7 February 2025 | 10 replies
Including one by Michael Blank.