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20 November 2017 | 8 replies
@Tom GimerThat's great...never heard those terms....I'll have to do a search for those here and on the web...sounds like the right path....thanks so much
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22 November 2017 | 12 replies
Current rents: you can glean this information through online sources as well as old-school searching (walk-ins, calling the buildings)Talk to local brokers to get the inside scoopMarket analysisCheck to see if building is in a flood plainYou can ask for, but these items are usually provided after signing a contract: Leases for lease auditing against bank statements, tax returns and leases (usually not provided before a contract has been signed).Tenant payment historyViolations, delinquenciesLease addendum and/or other agreementsTax ReturnsBank StatementsUtility billsCan RUBS be implemented (some municipalities may not allow it)Service contractsReserve fundsEnvironmental assessmentEmployee recordsStructural issues including foundationEmployee historyOther value-add features that can be added include:Trash valetCar portsStorageDog parksTo be honest, a similar level of due diligence is required across multifamily and manufactured housing (mobile home parks).Best of luck!
20 November 2017 | 1 reply
Do a search for Subject To, Wraps, Lease Options, Owner Financing, Land Contract.
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20 November 2017 | 5 replies
Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.
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21 November 2017 | 5 replies
Basit Siddiqi, thank you very much for all the valuable advise, im defiantly going to search this site for a new CPA, I don't think the one Im using currently has all the answers that I need.
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1 December 2017 | 19 replies
Cleveland is heavily represented on the forums, a quick search will render answers to many questions you may have about the area. - Jad
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15 October 2020 | 26 replies
I put it on a collapsible stand with wheels from Tool Box brand - stand is excellent for the money.
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28 November 2017 | 4 replies
Costco has very affordable flooring materials and one can return even if you opened boxes up....
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6 July 2020 | 24 replies
There are other posts specific to Garner on BP, just use the search box.
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20 November 2017 | 3 replies
This tenant is by far the best tenant I have had as he pays rents 100% of the time on or before the 1st, he's never had any real issues besides learning how to use the breaker box, responds to my texts immediately etc.