Tucker Smith
Insurance for new development project.
I have done a number of renovation flips over the years and I have always just self insured. When I first started out, I got a policy quote and it was going to be pretty expensive. Since then I have been rolling the...
Account Closed
tenant not signing lease FL
I provided the tenant with a lease over 9 days ago and have reached out twice since then asking about them signing it. If the tenant is unwilling to sign the lease in FL- does that mean we are on a month-to-month bas...
Steve Kim
Residual Fee for commercial lease
I am purchasing a commercial property that is being managed by PM. He is charging 6 % of gross rent for managing the property.Upon reviewing the current P & L statement, I saw a fee call "residual fee", I have ne...
David Smith
Writing an Offer for Bed & Breakfast: Contingencies
I am about to write an offer for a Bed & Breakfast. I would like to know the "right" duration for the main contingencies (and whether I need to add more contingencies to be safe)1 - Inspection contingencies: how l...
Nam Trang
Worried about an overqualified "renter"
My first tenants are moving out and I'm showing the house to a few different people over the next few days. Most applications have poor credit (no evictions though) with verifiable income at 5-6x rent. That pretty typ...
Gabriel Orduna
Possible deal in the works
Hello everyone,
I need some advice. I have a situation that I want to take advantage of but I’m not sure how to go about it. My wife’s family owns a home that they would like to sell for 690,000. I don’t qualify fo...
Corbett Brasington
How to prequalify clear title from off market motivated seller?
What is the best way to prequalify that a property is clear and can actually close, assuming its a good deal? I have prop stream and have can use their service to pull warranty deeds.
The assumption is I am dealin...
Vidyadhar R.
house won't appraise to full ARV if refi before seasoning period?
Hi members, I'm doing a BRRRR on a SF. buying ($60k) it using a personal loan and plan to refinance (ARV $80k) it from a local lender after rehab ($5k). rehab duration would be a month. I want to refinance asap after ...
LaMancha Sims
Building Vs Rehabbing
Real Estate Investing, in reality, is not as easy as it looks in movies and reality shows. There are cost overruns due to many unforeseen issues that comes with renovating a property. Making already slim margins to st...
Luis Saenz
Deal analysis help please!
hi BP, I need an experienced investor's help. I have a deal I'm trying to close, but I'm a newbie and I have a few questions about the deal and need help analysing it. It's is going to be an assumption. Arv 180kLoan p...