Carl Millsap
Rebranding a troubled complex
Hello BP, We purchased an early 80s multifamily complex w/ a ton of upside but a bad history. The surrounding neighborhoods are single family homes $400K and up, close to shopping, etc. We've asked the police to pick-...
Hillary Fox
STR investment analysis
Hello, I am a huge bigger pockets fan and have been educating myself for years on REI. I have focused most of my education on BRRRR investing however the market in my area looks very favorable to STR because I am clos...
George White
Kansas City - PM Labor Rates and Supplies Mark-ups
Hey BP - I am vetting a few PM companies and one company sent me their schedule for maintenance which is on top of the 10%/month management fee. The rates are pasted below. Is $40/hr for unskilled light labor reasona...
Brook L.
New member in Jersey City, NJ
Hello everyone! My name is Brook and I live in Jersey City, NJ. I've also lived in Richmond, VA and Los Angles. I'm a freelance fashion designer and I own an etsy shop with my wife where we sell vintage clothing. We s...
Matt Rothwell
How do you identify a neighborhood on an upswing?
I'm still searching for my first deal, being picky in the process. I'm ideally looking for a somewhat dumpy multi-family home that can be fixed up and rented. Most of these homes are in somewhat questionable neighbo...
Eric Boshart
Innovation in the Hard Money Lending Space
Hi BP Community,I got my start in RE investing by providing a loan to an experienced flipper. Since then, I became the borrower, using many different hard money lenders on BRRRR's in the area. Lately, I've considered ...
Bryan Hancock
Protecting From Underwriters Slipping Past Lock Period
How do you guys protect yourself from lenders that fail to move files through underwriting in a timely fashion? I have had loans slip past lock periods in the past where the lender held my appraisal hostage after the...
N/A N/A
Brokers worth the commision?
Hey everyone
I've never worked with a mortgage broker not to say I wouldn't. Does anyone feel that the fees you pay are worth the service you get? Or in general can you find just as good as a deal going straight to...
Account Closed
Kansas City Property Managers and their poor performance
Is anyone else having major issues with KCMO property managers? We are on our third in 18 months and I'm losing faith. The overall lack of communication we receive as clients is less than desirable and some firms stru...
Scott Lepore
building mid grade apartment complex
My mechanic is interested in scraping his shop and building an apartment complex. It is an 18,000 sf lot and already has sewer, water, gas, electric. Lets just assume for the case of this discussion that I know what...