Joseph O'Sullivan
Property Management Interviews
23 March 2024 | 14 replies
Ask them when they issue distributions (anything before the 15th of the month is a red flag), do they require reserves, how is maintenance charged, do you see copies of outside contractor bills, do they upcharge materials (PM's have LAR accounts with Lowes and often get 20% off), do they keep all late fees or just the management fee, what other fees do they charge (renewals, inspections, etc), where are tenant security deposits held, how are evictions handled and are you consulted before filing, what screenings do they run, what qualifications do they require from tenants, ask for a couple other owners to visit with for a reference.
Ryan Braman
Insurance companies leaving markets - government reaction
23 March 2024 | 1 reply
Not care, introduce legislation to bridge mortgage insurance requirements with lack of providers, get in the insurance market themselves?
Ahuva Druin
Refi options for a six-unit STR
24 March 2024 | 16 replies
Some may also require 12 month seasoning
Keeya WangJones
$250k ARR - How is it done?!!!
23 March 2024 | 20 replies
That required $305k total as down payments.
Sage Jankowitz
DO NOT CALL list
22 March 2024 | 81 replies
Every single resource on the FTC website refers to the people on the DNC list as "consumers" and the people required to follow those rules as "telemarketers" or "sellers".
Megan Roop
1031 Strategies for Las Vegas Market
22 March 2024 | 12 replies
But they will require you to file an annual report.
Andrew Stouse
What amount of money do you need to begin?
24 March 2024 | 8 replies
You'll be required to pay annual dues for MLS access and to keep your license active.
Steven Wocknitz
Best Hard Money Lenders in Canada?
23 March 2024 | 10 replies
Hi Steven, the best hard money lender will meet the following:1. be willing to work with you (ie lend you the money)2. give you the best rate and terms3. require minimum paper work from you 4. minimum collateral5. they have deep pockets Once you find a good hard money lender, make sure you treat them right.
Jay Sullivan
New Investor looking for first deal
23 March 2024 | 12 replies
Network as well and go to local real estate meet ups.For funding: you can HELOC, find a private lender to lend you 20% down, find a capital partner, or just live below your means for a little while and save till you have the 20% down (can go higher or lower than 20%, but 20% is generally required for fix&flips & BRRRR loans if not going conventional).