Elizabeth R Matthews
1031 Exchange in Virginia
1 June 2024 | 7 replies
Important to note that you don't have to go under contract or even make an offer in that time; you just need to formally list a few properties that you would consider buying in your 1031.
Krishna Shah
Cash out Refi/Purchase
1 June 2024 | 1 reply
Purchase: He says banks don’t offer 30 year loans for CRE.
Mike Parker
Landlord insurance with rent protection
30 May 2024 | 12 replies
There are companies that specifically offer tenant doesn’t pay rent “insurance”.
Berron J.
Mid Term Property Manager
30 May 2024 | 7 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!
Brian J Allen
Should all the realtors quit? And let the buyers and sellers do it on their own?
1 June 2024 | 4 replies
Traditionally, these agents, often younger and less established, educate buyers about market nuances, show properties, and represent them in offers.
Ian Funnell
How would you structure this deal?
1 June 2024 | 2 replies
Offer seller due in four years balloon, 30 year amortizing payments at 5% in writing and see how they counter.GET QUOTES for hazard insurance NOW and have agent walk the property.Well?
Steve Cook
Property Management - Repair Mark-ups?
31 May 2024 | 44 replies
This immediately struck me as odd as I wasn't aware of any form of compensation to the PM for any maintenance related activities, just 8% of gross rent and 1-month of rent to lease the property, per our contract.Naturally I wanted to understand the nature of this arrangement, specifically how much mark-up is being charged, so I referenced a specific sewer repair bill from 2015 that was $2,600 and asked him if he could provide the vendor invoice so I could understand how much the vendor charged and how much revenue the PM recognized.
Chris Morris
Looking to Start a Wholesaling Company! (FEEDBACK WANTED o_O)
2 June 2024 | 14 replies
Any guidance or advice you can offer would be greatly appreciated as I take this exciting leap into the world of wholesaling.
Irving Rivera
Dog situation between tenants
1 June 2024 | 12 replies
To be honest, any advice on here, even from someone like me in the Chicago market, will not be specific enough for something like this.
Shaydon Childers
DSCR LOAN question
29 May 2024 | 12 replies
Wells Fargo wants the 70K from his mortgage deferment during covid which is the reason he is in this mess.A bridge loan means you have a home currently listed for sale on MLS and while you wait for it to sell another bank offers you the cash based on your mortgage payoff and profit.