Yuri Woitscheck
Foundation Problems - Need some advice!
Hi BP Community,
Need a little guidance from folks that are savvy in Rehabbing. After getting 15 offers to buy investment properties rejected I decided to take massive action and I took a chance buying my first prop...
Shawn Dandridge
Buying HOA Liens
I am wondering if I can go directly to property management companies and buy HOA liens? . I've been reading that many investors buy the liens and rent out until the bank forecloses. Has anyone ever done this? The way ...
Chad C.
Are these good terms for a HELOC?
I was offered a 4.5 variable rate, closing cost of around $300. The way it is amortized is a little different. If it's under 5k it's amoritized 5 years. 5 to 10k 10 years, and over 15k, 15 years. This seems like a pre...
Sami Gren
lease agreement for garage
HI,
my tenant has asked me to rent the garage in back of my multifamily property, I want him to use it only for storage, does anyone have any suggestions how to structure such a lease, or has such a lease form?
Th...
Jack Tucker
$150k wholesale margin! 1st Wholesale- Contract for $525k, Wholesale $675k Athens Georgia Multifamily
Our career 1st wholesale will probably be our most lucrative for at least a few deals.This was a big lesson in flexibility with STRATEGIES.Headlines never give the full story, but that was the end result.Local pro fli...
Tom R.
Is a bad attitude enough to decline an application?
My tenant wants a roommate which is OK with me. She picked out someone and I sent him a request for a background and credit check via Cozy. He asked me to reimburse him the cost of the checks. I told him I wouldn't do...
Frank Nguyen
Collecting CASH rent
What are some efficient and convenient ways to collect cash rent?
I have renter that was supposed to send me rent through cash app when we started the lease, however he was trying to say he couldn't get the app to wo...
K W
Questions for current landlords
Some questions for those of you already involved in this business:
1. How many hours per month do you estimate you spend managing your own property? (example: one 4plex)
2. What percentage of your tenants stay at le...
Robert Howell
Liability and Responsibility
@Bill G.Originally posted by @Bill G. in another thread:Different types of notes require different compliance requirements. When you buy a note, any note, you take on the liability of it's origination and all past s...
Jacob Phillips
Evaluating cash flow
Hello BP, I’ve got a new guy question that I just want to check my mindset on.Obviously the name of the game in buy and hold is cash flow. So, when I’m evaluating deals, especially my first few, how much emphasis do y...