Gamal Harding
Property Management is Much More than Collecting Rent…
23 December 2024 | 9 replies
Here are ways to prioritize tenant relationships:1.Prompt Response to Requests: Acknowledge maintenance requests immediately, even if resolution takes time.
Helena Goyvaerts
Buying in Detroit as a foreign investor - BRRRR - who should we work with?
10 January 2025 | 1 reply
We would love to work together with a organization that sells the property and has services like rehab network, financing, property management.
Rene Hosman
What do you consider a "good" cash flow for a property in 2024?
7 January 2025 | 22 replies
Your reserves should be part of the expense calculation: PITI, maintenance, capex, vacancy, property management, etc.
Sean Kirk
Has anyone used Roofstock to invest?
12 January 2025 | 2 replies
Still can be very beneficial for a new investor but personally I think not as good as a service as they had with their exclusive listings where they had inspections already done, rent rolls available, and you can complete the entire offer/acceptance via their platform rather than being handed off to an agent.
Sundone Boutvyseth
First investment property for less than 10% down
31 January 2025 | 22 replies
DSCR Loan (10% Down Possible)Debt-Service Coverage Ratio (DSCR) loans are based on the rental income, not your personal income.Some lenders allow 10% down, though 15-20% is more common.6.
Craig Sparling
Exclusive right to rep (A post Burnet et Al world) for Real Estate investors
15 January 2025 | 2 replies
However, he asked me to sign a one-year Exclusive Right to Represent agreement, as presented to him by his brokerage.His interpretation is that it applies only when he materially assists me, but I think the boilerplate brokerage language he was given reads much more broadly:"If during the term of this Agreement Buyer enters into a contract for the purchase of Property through the services or efforts of the Broker or Buyer’s Brokerage Firm, or by or through any other persons during the term of this Agreement" (emphasis mine).My concern is that, under my interpretation, if a fellow real estate investor wants to unload a property or if I get pointed to an opportunity by a former agent, colleague, or friend, this agreement could create an obstacle to moving forward with the deal.In the end, I didn’t sign.
Llamier Guzman
Newbie Here (Duplex/Sfh)
10 January 2025 | 23 replies
Quote from @Lamier Guzman: Quote from @Wale Lawal: @Lamier GuzmanWelcome to BP and thank you for your service!
Leeling Chew
Best Course of Actions To Remove a Difficult Tenant
27 January 2025 | 6 replies
You need to send him a letter with proof of delivery required (a cheap date with US postal service) and you can also post the Notice in a sealed white envelope marked confidential to his door - and take a photo of it for proof of delivery.
Steve K.
Due On Sale Clause About to Become More Common?
12 January 2025 | 185 replies
There is no Due on Sale Police, the loan is serviced by a Servicer who is paid just a few dollars per month to service the loan.
Mike Christiansen
Real Estate Investor
13 January 2025 | 4 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.