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5 October 2024 | 16 replies
Let me know how I can help you get started!
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5 October 2024 | 2 replies
Obviously we still need to discuss and get more information to try and determine its true valuation, etc...., but we thought initially it would be best to offer a cash down amount($20,000) and then offer a percentage of revenue over a three year time frame. (50% of management fees collected: yr1, 30%: yr2, 20%: yr3) until the balance of the "acquisition" price was met.Again I know I've left out a lot of info but this was just to hear some ideas or previous experiences.Some generals:Approx. 100 doorsMost are 2yr leasesMost are long term clients of the current companyAverage rent of $2300Thanks in advance and have a great weekend!
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4 October 2024 | 6 replies
I will be getting landlord insurance.
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4 October 2024 | 2 replies
I know, I know, the *** b4 the cart (insert eye rolling emoji here).The next day we heard that tropical storm Michael (2018) was getting more serious but was still just a cat 3 and heading toward the Florida Panhandle.
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4 October 2024 | 5 replies
Does this exemption amount get subtracted from the sale price of the property, or the assessed value of the property?
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5 October 2024 | 8 replies
My thought process is, if I could come up with $800k on a refinance, I could come in on a cash offer on the hotel for sale and get a much better deal.
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26 September 2024 | 13 replies
Ready to go in no time at all...that is the first thing.
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4 October 2024 | 14 replies
You can EASILY retire with 10 paid off properties in Vegas unless you can’t “get by” on $150k a year.
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4 October 2024 | 1 reply
I have had it an unusually long time due to anything that could go wrong did...bad weather, bad GC and back and forth getting the engineer plans through since it is a FEMA zone home.
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4 October 2024 | 5 replies
@Bo Goebel Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.