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2 January 2025 | 13 replies
“Guest, every 5 star review is critical to our success.
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9 February 2025 | 36 replies
In a rapidly-rising interest rate environment (such as we've recently experienced) that tradeoff may or may not pay off.Unfortunately, in CRE finance there is no perfect financing vehicle and you can't eliminate risk--you must choose which risk you want.
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12 January 2025 | 28 replies
I have been able to review or been told of several audits (from other REI tax colleagues) related to cost segs in the last year or so- and of those none of DIY cost segs were allowed under audit.
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9 January 2025 | 12 replies
This includes contacting the applicant’s employer and speaking with their supervisor to confirm job stability, income, and reliability. if the person has not been employed at their place of employment they would require a guarantorCredit Score and Debts: Applicants need a minimum credit score of 620, and while we review debts, medical debts are generally not disqualifying unless they impact overall financial health.Criminal History: We do review criminal history to ensure safety and security for our tenants, while remaining mindful of state and federal guidelines.Rental History: Positive references from past landlords, with no evictions or significant lease violations in the past five years, are essential. and we can see into the court system if they have an eviction judgement.Release of Information: We include a release form allowing us to verify employment and rental history directly, which helps us get a clearer picture of an applicant’s background.This process has worked well so far, but I’m always open to improving.
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11 January 2025 | 9 replies
You can also search Google and read reviews.
17 January 2025 | 5 replies
You may have your lawyer review the contract/property management agreement.
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19 January 2025 | 41 replies
I've experienced it before.
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23 January 2025 | 52 replies
One of the constants that I still see from when I first started on BP in early 2016 is the willingness of experienced ( some on this very thread ) folks in different aspects of real estate to try and help newbies and others with advice and perspective.I think it really is a testament to the fact that even though the investing environment has undergone many changes over those years the willingness to continue to help others has not changed.It helped me tremendously when I had to crash course on small MF ownership and I am grateful to all who helped with posts that they didn't even know that I had read and learned from.And yes the search function remains fairly useless and unchanged in that regard since then to the detriment of us all.
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15 January 2025 | 3 replies
Gradually scale by researching high-growth markets, partnering with experienced investors, and exploring financing options like SBA loans.