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8 January 2025 | 4 replies
Adding details and specifics can help get to the answer or direction you're looking for.
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6 January 2025 | 4 replies
For instance, mismatched names, employment details, or salary figures should warrant further scrutiny.Urgency to Move In: Applicants who are unusually pushy about quick move-in dates may be attempting to bypass thorough checks.Reluctance to Provide References: Hesitation or refusal to provide contactable references from previous landlords or employers is a cause for concern.Cash Offers for Faster Move-In: Proposals to pay a significant amount up front, especially in cash, to expedite the moving process can sometimes indicate an attempt to avoid scrutiny.Unverifiable Identity: Difficulty in verifying the applicant’s identity through standard identification documents can indicate potential fraud.Tips to Mitigate Rental Application Fraud:Enhance Verification Processes: Implement stringent verification processes for employment, previous rental history, and identity.
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4 January 2025 | 3 replies
Does anyone have an example of what a contract should look like and the details in the scope of work?
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9 January 2025 | 18 replies
.: Best detailed response I have received.
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8 January 2025 | 10 replies
Details can be found at: https://www.biggerpockets.com/forums/521/topics/1224992-brew...
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23 January 2025 | 23 replies
The LLC would own the property, and your 50/50 split can be outlined in a detailed operating agreement covering roles, responsibilities, and profit-sharing.Since lenders often require personal guarantees for LLC loans, clarify that your partner will be the sole guarantor.
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12 January 2025 | 7 replies
Thanks again for the detailed response!
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9 January 2025 | 116 replies
Thank you for taking the time to provide the details and the pro forma #'s.
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11 January 2025 | 49 replies
This project will likely be acquired as a SPAC, but those details will be determined by the group of investors, if more than one.
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27 January 2025 | 35 replies
I would recommend getting this level of detail from whoever you buy from.