Frank McGovern
closing costs in wholesale deal
This may be a stupid question but I really dont know the answer (I am a newbie). When you find an end buyer, does the buyer expect to pay the closing costs? If not, how do you pass the cost on to the end buyer? Any ad...
Carlos Villanueva
collecting the green
Alright BP world, I need some helpful advice on my 1st rental. The rental has been renovated and the right tenant has been found for this single family home. I will be meeting with the tenant on friday to sign the lea...
Spencer I.
Termination Option
Is termination option money due with earnest money upon initial signing of contract, or is it only due if you terminate within the time given on the contract?
I ask because I have a realtor saying I need to turn in...
Aaron Signer
Existing Tenant Terminating Lease vs Signing with New Landlord
Just purchased an occupied triplex in Indianapolis, IN. One of the tenants is not going to renew her lease at the start of the month and as such, has not signed any paperwork with me. The former owner/landlord has not...
Cody Barrett
Managing/Tracking points of contact w/ Tenant.
I have read many suggestions in landlording books that it is smart to note every contact point one has with their tenants to help "paint a picture" for a judge if one had to go to court. I just signed my first tenant...
Charles McCabe
Sharing a CapEx projection spreadsheet I just put together.
While I've heard people discuss projecting the cost of replacing certain systems over time for rental properties, I haven't so far seen an actual calculator for that purpose. Here's one I just put together in Google ...
Austin Stoltzfus
Waive Inspection on VA?
Hi All,I'm getting ready to make an offer on a duplex with a VA loan. Thus far I have been outcompeted by cash and conventional loans.I'm debating waiving the inspection to make my VA offer more attractive. My thought...
Jojo Joy
Series LLC question
I am looking into forming a series LLC. Incorporate a Texas LLC having the general partner as a Wyoming LLC. I will be the general partner for the Wyoming LLC. I will be running this structure, doing business in Texas...
Paul Keddell
Is $10K+ in damages after tenants move out excessive?
I just had tenants move out from our property 5 months early due to buying a home. We've had the same tenants since March 2020 and we thought they were pretty solid. My property manager secured the property some time ...
Michael Tranzilli
Waterbury, Connecticut
BP, I just found a deal in Waterbury, Connecticut. Two townhouses FSBO. Initial research off pro forma shows an 8.2% cap rate. I'm intriqued and want to now dig deeper. I know NOTHING about Waterbury, Connecti...