Fletcher Clardy
COVID-19 SAFETY PRECAUTIONS
20 March 2020 | 3 replies
Journal of New England medicine this week published that the virus can stay on certain surfaces more than 24 hours and still be viable.
Ricardo Campos
First Deal Indianapolis
1 April 2020 | 11 replies
Indianapolis is primarily a cash flow market and although it has been seeing some strong appreciation over the last several years, you should consider Indy primarily for cash flow as with any Midwest market.
Rob Lee
How to Generate More Cashflow Before the Banks Stop Lending???
21 March 2020 | 17 replies
Really slow right now)She doesn’t workThey have a paid off 200k home3 single family houses about 200k each, 50% paid off each (2 strong tenants work in the medical field)$300 cashflow each house per month after all is paidHow would you create more cash in these uncertain times before it gets too bad?
Joseph Cacciapaglia
Did you check with your team before posting?
20 March 2020 | 1 reply
They seem to ignore the fact that most of these sources told them to start by building a team.I think no matter where you are getting your strategy from, the first step should always be to build a strong team.
Kyle McMahon
New to forum and prospective real estate investor. Diving in!
11 March 2020 | 4 replies
BP is full of great content, so I strongly recommend you to have a look at the following resources: 1.
Stephen Glover
Virus' Impact- Notes from a PM
19 March 2020 | 3 replies
In an effort to provide some information for long term buy and hold investors to be more prepared, please see below:Happening Nationally:Tenants have refused to leave at the end of their lease siting uncertainty and high risk of virus.Tenants (apparently even with strong renter history) are stating the virus has impacted their income and are not able to pay rent, are asking for lenience.Vendors are less responsive to non-emergent maintenance due to fear of employees becoming sick.Property Managers have chosen to be less responsive to non-urgent maintenance requests from tenants to keep their team safe, similar to vendors.Showings have decreased or have been cancelled due to the fear of being in public buildings or other people’s homes, which might impact vacancy if this is longer term.Occupied unit showings have ceased for the protection of the tenant in place, the showing agent, and the prospective tenant.Some management offices are closing and requesting rent be paid in a different manner than visiting the office.Occupied unit inspections have been paused, unless deemed emergent.Be Prepared:Think through how you will handle some of these situations in advance and write our a process for it.Handle them consistently and do not favor one tenant over another.Be proactive and prepared so you can act unemotionally and with fairness for all.Be a Leader:Now is the time to show your team (vendors and tenants) that you value their health as much as you do your own.
Mark Mahoney
Awaiting financing - should I put in another offer?
16 March 2020 | 7 replies
@Mark MahoneyI would strongly recommend getting pre approved before you put any offers in so that you know what you qualify for.
Adam Sieg
Rent to Retirement investment strategy
16 March 2020 | 1 reply
Most people within BP indicate that they are satisfied or very satisfied with what they offer (eg good cash flow, strong market, solid ROI, helpful information - especially working with Zach).
Michael Y.
Why do people use hard money lender?
18 March 2020 | 21 replies
I really haven't had that much issue competing with cash if I have my lenders lined up and make a strong offer.
Thomas Mackay
Advice for a beginner
16 March 2020 | 3 replies
I'm in the exact same boat as you are @Thomas Mackay. 21 and looking to start house hacking.While not from my own experience, I've seen on other threads where people strongly recommend not getting too ahead of yourself.