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19 April 2024 | 4 replies
Selling @ $500kLender providing $490kCan the remaining $10k be carried by seller?
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19 April 2024 | 5 replies
I want to put in place some incentives for new tenants and want to know if anyone on BiggerPockets has done something similar.Here are a few ideas I have had:First Month Free: Sign a 13-month lease and get your first month freePets: No pet fee for the first 6 months, year, etcRent Discounts: Offer a discounted rent for the first month or two fortenants who sign a pre-lease agreement before a certain date.Waived Fees: Waive application fees, administrative fees, or securitydeposit for tenants who pre-lease.Free Utilities: Offer to cover utilities such as water, electricity,or internet for a certain period for tenants who sign a pre-lease.Upgrade Packages: Provide upgrades or amenities such as free parking,access to a fitness center, or a smart home package for those whopre-lease.Gift Cards or Vouchers: Offer gift cards or vouchers to localbusinesses such as restaurants, cafes, or grocery stores as a signingbonus.Flexible Lease Terms: Offer flexible lease terms, such as shorterlease lengths or the option to renew at the same rate, to incentivizetenants to pre-lease.Refer-a-Friend Program: Encourage current tenants to refer friends orfamily by offering them a reward if their referral signs a pre-leaseagreement.Early Move-In: Allow tenants who pre-lease to move in a few days earlyat no additional cost.Guaranteed Parking: If parking is limited, offer guaranteed parkingspots for tenants who sign a pre-lease agreement.
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17 April 2024 | 1 reply
Ask to see a copy of the lease and look for the length of lease, current rent amount, tenant obligations like paying for utilities and adhering to house rules and look for Landlord obligations like things the landlord may currently being paying for (like trash and water)Make sure to have an assignment of the lease and clear language on the security deposit WITH interest shall be transferred to the new owner at settlement.Consider tenant quality - what’s their payment history looked like, obtain rent receipts or bank statements from the seller to review on-time payment history.
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17 April 2024 | 18 replies
Inform them that the property is difficult to obtain bank financing, and ask if they would be the bank for you.
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18 April 2024 | 2 replies
We have a few mentors who are alumni operating smaller GPs who could provide deal flow and hopefully mentorship as well).What should I be considering that I may not be?
18 April 2024 | 41 replies
To obtain impact worthy return requires a lot of units.
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18 April 2024 | 26 replies
I have managed to obtain 3 buy/hold properties in 3 years and am in the middle of converting the garage on the 3rd.
18 April 2024 | 83 replies
Can you provide this property address for me to analyze?
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18 April 2024 | 28 replies
Did you obtain a survey of the property described on your deed?
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19 April 2024 | 8 replies
Because if you do, they will provide you monthly accounting statements as well.