Kirby Allen
How do you insure your rentals? Cash value or loan value?
Closing on your first two rental properties today and having questions about the insurance. Our agent is quoting one house with a cash value of 55k and the second with a cash value of 45k. We have 41k in the deal. H...
Greg Virgin
Property Management - Charging insurance or Owner for disaster management
I manage a residential single family property for an owner. Last week a very large tree fell on the home causing significant damage to the structure and forcing the tenant to be relocated temporarily while the insuran...
Neil Smith
Creative-Finance-Friendly Brokerage in Colorado
Hi BP friends,I'm a new agent, looking for a brokerage whose managing broker is experienced in creative-finance deals, specifically owner-carry, in the Denver-Boulder markets. I would welcome any introductions or reco...
Karl James
A vacant Land / Raw Land valuation thoughts?
I am trying to estimate the market value of a 2 acre, land locked parcel of land. It is in the midst of a 20+ acre undeveloped area that is bound on two sides by nice residential developments ( 3 bedroom / 3 bath) br...
Ed Kahle
private lender agreement
I have a friend who is willing to lend me 100% needed to purchase, fix/flip properties. He would get 15% interest with principal and interest due when I sell the property. His loan would be secured as first lien hol...
Don Konipol
Where do YOU Live on the Real Estate Spectrum?
In my mind there are 4 general categories of participants in real estate investing
1- ADVISORS - Attorneys, accountants, title company employees, contractors, appraisers, etc - usually compensated fixed fee or per h...
Mike Boss
Joint tenancy vs tenancy in common
I own a house in OH (no mortgage) with my relative. We have it in Joint Tenancy and do everything 50/50. I was hoping someone could explain the difference between joint tenancy and tenancy in common; and which one is ...
Alex Silang
Would 50% be enough for a closer?
I find marketing far more enjoyable than sales. It's also where I have more experience. I was thinking about generating leads (through web and direct mail) and then giving the leads to an experienced closer. What perc...
Alesha Bracey
Skip Tracing fees too much?
I'm a wholesaler in Baltimore, MD. The problem I'm running into is I'm finding these empty houses however when I look on the SDAT The mailing address is the same as the empty house. Someone recommended a skip tracer? ...
Marc C.
Paying Property Manager from NOI, instead of gross...
Has anyone ever had a property manager accept a percentage of the NET vs. the gross? In that way, they are encouraged to keep expenses under control...something they usually have a problem with. (My current manager is...