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19 February 2025 | 8 replies
the other one I just had a small 1031 did a tic with one of my long time partners who owned 100 units almost next door ( I brokered him those) so he could have his existing PM take over and we set it up on a 6 year payoff NO cash flow neither of us need cash flow we just want free and clear..
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7 February 2025 | 12 replies
Definitely stay away from the guru/seminars crowd and stick with the organic communities like BP and local free meetups.
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25 February 2025 | 21 replies
Third, If you want to offer an alternative (which you're not required to) - If you have a PM plaform like Baselane or RentRedi (free for BP Pro members) you can offer credit boosting for tenants that pay on time.
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14 February 2025 | 4 replies
Could you send me your email (feel free to format it like “name [at] domain [dot] com” to avoid filters), and I’ll send you the link directly.Also, I’d love to hear more about your background:How long you’ve been in property managementIf you’re currently involved in multifamily investments or looking to expand into that spaceWhether you’re exploring tools for your own portfolio or considering something broaderLooking forward to hearing more and seeing if there’s a fit!
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26 February 2025 | 3 replies
If anyone’s curious about that 12-24-unit deal, feel free to DM me for the rundown.
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8 February 2025 | 29 replies
It's slightly less expensive than Redding but a very short commute so it's a great place for starter homes, too.
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10 February 2025 | 9 replies
The short answer is, Pricelabs users don't fully trust Pricelabs to set the correct rates.
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10 February 2025 | 2 replies
If you want more details, feel free to reach out.
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12 February 2025 | 75 replies
The short answer is being a middleman between a buyer and seller and you keep the difference in price.
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11 February 2025 | 13 replies
This could be an opportunity to add value by offering to help with clearing or relocating those items as part of any potential agreement.Why This Could Be a Good Move for YouYou see long-term potential in the property, especially with the large lot and development possibilities (even if those are years down the line).As the current tenants, you have the advantage of a direct relationship with the landlord and familiarity with the property, reducing competition and risk.This could be a chance to lock in a property that you might otherwise lose if it hit the open market, especially in today’s competitive environment.Challenges to ConsiderIf the landlord is emotionally tied to the property or reliant on rental income, they may be reluctant to sell.Financing could be tricky, especially with today’s interest rates and the gap between the current rent and what a conventional loan might cost.The development potential you’re interested in is likely a long-term play, which means the property could be financially tight in the short term, especially if you’re only breaking even or slightly negative on cash flow.Structuring a Potential DealTo make this feasible, you’ll likely need to explore creative financing options that align with both your financial capacity and the landlord’s goals.Seller Financing: Propose a deal where the landlord acts as the lender, allowing you to make monthly payments directly to them.