Matthew Rutledge
Info/Help request (Maine?) - being thrown into partership and vacation rental
My father in law owns a cottage on a lake on the Maine/NH border. Due to where he is in his life, he's done with it (he's healthy enough, just getting sick of dealing with it). Before the end of 2014 it will be pass...
Mike M.
How do you manage your bank accounts / set up accounts for rental
Hey guysI'm wondering if there is a way I can increase my efficiency or improve my money management system the way it is. For those of you that have full-time jobs (non-real estate) and do this on the side - how are y...
Troy Sheets
$10k on First Wholesale Deal
So we wholesaled our first deal and made $10k, just closed Thursday! I put it under contract and had it assigned in just a few days and it closed 30 days after I got it under contract. I got a call from a mailer we se...
Jason Malabute
2020 is coming to an end
I had one goal this year which is to close on a 8-20 apartment unit.
I haven't given up yet. I know that anything can happen in 3 weeks. My team can call the right seller tomorrow and all of a sudden we have a prope...
David Stone
Utility charges stay with the property
Hi BP! We just acquired a house we are fixing up and may use as a rental.I found out that the city water/sewer bill AND electricity both stay with the propery. I am used to water/sewer being attached only. Has anyone...
Abhijit Dey
Document retention for credit check app & leases?
Do you keep paper copies of credit check applications? I used to digitize it and throw away the paperwork, but have started storing the actual papers. Is it really necessary to keep the paper originals? For how long? ...
Khizar Hanif
Managing finances for flips
Hey guys, I have my second flip under contract and plan on growing the business. Since things are getting more and more complex, I need to figure out a system to keep things organized and stay on top of accounting. Ho...
Nathaniel Hovsepian
Using 1031 Exchange from Wholesaling to Buy Rentals?
I have begun gaining some traction getting deals under contract and have started accumulating a small buyers list. I don't want to be wholesaling long term though. I want to be developing my rental portfolio for long ...
Jared Campbell
Tenant Asking For Lots of Repairs On Normal Wear And Tear
So I've had the same tenant for 2.5 years and he's currently 6 months into a 2 year lease. He's always been a great tenant and never had any major requests and I've been pretty quick to get everything fixed that has ...
Anthoy James
How to compete with competition offering bogus offers to prospects?
So I've noticed when I get calls from my mailings a lot of times I will meet with a seller and offer them something that is good for me to buy as a rehabber. (Like $240k for a property with an ARV of $400k) The sel...