Troy Forney
Future problems for investors....................................
17 December 2021 | 49 replies
In addition places like biggerpockets and other real estate knowledge mediums will also contribute to higher house prices(I don't mean this in a negative way but as everyone figures out things like house hacking it drives prices up) People and maybe eventually banks will start to buy/write loans not based on just the person's income, but let's say they buy a 4-bedroom and can rent 2/3 rooms on Airbnb.
Aharon Najafi
Seller financing with agent involved
24 November 2021 | 3 replies
The other thing to do is write the offer and present it; unless under strict instruction from the seller not to present an offer, the listing agent must present the offer to them.
Trent Lee
Tenant trashed the unit - what can I do?
27 November 2021 | 27 replies
BP members constantly write posts saying they don't want to be bothered with day-to-day management and I found that having a PM was far worse than doing my own management because once I hired my PM I threw another 'Iron In The Fire', 'Threw In Another Wrench', or whatever you call it because now rather that dealing with tenants and resolving tenant issues in one quick move I now had to personally humble myself to dealing when a 'Fifth Wheel With Even More Moving Parts' and the decisions my PM made in regards to who they rented to and how they cleaned rentals BEFORE TENANTS MOVED IN was super scary and the damages caused by the PM resulted in costs of not one penny less than $8,000 to clean every house when a tenant moved, one house cost me $12,000 and a house in Idaho cost me $32,00 to clean and repair only the damages caused by a tenant who lived in the house for only 3 years with the exception of my costs to trim some trees.
Stella George
Help with Contractor extra charges and scope.
26 November 2021 | 9 replies
As Wayne said, this is why it is important to get it in writing and a list of what it includes.
Sasha Fukuda
Tenant lost their income
26 November 2021 | 11 replies
It's somewhat related to covid in that she writes grants for a living, and the economic insecurity of covid has made people more reluctant to donate to charities i guess.
Ankit Patel
Please suggest property management company in Tampa
28 November 2021 | 9 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!
Jennifer Quevedo
Is it Possible to Wholesale an on Market Deal?
2 December 2021 | 7 replies
Get that in writing, then give them the details of the property and let them deal direct with the seller/list agent.
Lee Kulow
Can a Friend Invest In My Properties?
1 December 2021 | 4 replies
Make sure the partnership agreement is detailed and in writing and ensure both active roles are clear and defined with benchmarks for progress.
Jason Wiser
Define "Investment property"? Using 2nd home mort for Air Bnb
4 December 2021 | 15 replies
Hey, as Joe mentioned above I would ask the lender to please provide in writing what they consider an investment property, that way you can avoid getting yourself involved in mortgage fraud.
Dan Holtz
Need advice on how to get earnest money back
3 December 2021 | 14 replies
It's always best to have professionals as part of your team for advice and guidance, especially early in your investing career.If you didn't have your LOI with terms in writing, it may be tough to get the EMD back.