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2 August 2024 | 39 replies
Look at your original post where you said yourself that "at the beginning I did close a couple of deals" which proves to you that we delivered on what was promised - up until things started to go wrong with you coming up with issue after issue for no apparent reason.
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31 July 2024 | 16 replies
--You can easily buy fake paystubs & W-2s off the internet, that are generated by Quickbooks, so they look 100% real.
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1 August 2024 | 0 replies
Hi BP community,I'm a new investor based in CA and found a promising property in (south-ish) Macon, GA.
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2 August 2024 | 4 replies
Finally, I got someone on the phone who promised the world; however, they disappeared when follow-up discussions were to be had about our XML feed.
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1 August 2024 | 10 replies
It is very very hard to make an NOI of $2000 every month or an average NOI, when your general occupancy trend is like weekends and long weekends because Poconos is not where USA travels, it is basically people from close by cities of NJ, NY, PA travel here.I am not saying it is not the place to invest but if you are looking for cashflow with a 20% down with current mortgage rate, I would run my numbers very carefully.I did not touch on HOA, township licensing and restrictions specially 2 people max per bedroom and Pocono Promise :P
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1 August 2024 | 1 reply
Partner Driven was interested in the Pala Mesa Drive property due to its promising location and potential for a quick, profitable turnaround.
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31 July 2024 | 2 replies
I've been researching the area, but I would love to hear from the experts here about where I should focus my attention.Specifically, I'm looking for advice on:- Promising Neighborhoods: Which areas in Pittsburgh are currently showing good potential for single-family home flips?
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1 August 2024 | 0 replies
Partner Driven was drawn to the Grapevine Dr property due to its promising location in Patterson, CA, and the potential for a quick, profitable resale.
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1 August 2024 | 71 replies
G'Day everyone,The team (@Dominique Osborn, @Sean Mahoney) and myself have an opportunity to on-board 189 units.This would be a very nice "chunk" of new business but to be honest, I'm inclined to pass.I have always believed in doing business on your terms and for terms not to be dictated by someone else.Especially when you are looking to hire us/me to do the work for you.Also, business done right needs to be a win/win for all involved and this doesn't seem like a win for us.I do however understand the caution and reluctancy to "let go of the reigns" per se as many landlords get screwed by property managers.But at the end of the day, you have to "let go" and let someone else do it or just do it all yourself.I'd love your advice on the suggested terms given to us below:1) In AppFolio they want admin level access to their account.2) They want a standardized list for maintenance items so they know in advance what repairs would cost.3) They want a copy of all invoices from contractors to us so they can verify we are not marking up more than promised.4) They want to be able to talk to our contractors before work is done (each time) so they can talk contractors down in price themselves.5) They mentioned that they pay around $300 for full paint in a 2-bedroom unit.... we do not have a contractor that will touch a full paint on a 2 bedroom for $3006) They want tiered PM Fees based on occupancy.... for example (their example): at 90% they would pay 8% PM fees, at 70% occupancy they would pay 2% PM Fees, and at 50% occupancy we would part ways.The deal breaker in my opinion is points 4, 5 and 6.With the lack of oversight/control on maintenance we have little control over the occupancy and it kills our process and efficiency.So in a way, we are destined to fail from day 1.Also, if someone does want so much control why not just self manage.The unit count justifies hiring 1-2 full time people to run it.Otherwise, let us do our job.
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31 July 2024 | 11 replies
I looked into it as well and it seemed fake/scammy especially after reading this thread