Greg Scully
Shopping Rates for SFR Investments
I've just been preapproved for another SFR conventional loan (my 3rd, all with the same lender). The quoted preapproval is 5.750% with and approximate APR of 6.200%. I'm not too impressed with this, my previous loan...
Brandon Barnic
been pre-approved, found agent, have mls listings, NOW WHAT?
Hello fellow Bp-ers!I've been pre-approved, and have the mls listing for all the multifamily's in my desired location.Now what do I do? how do I get the details about the propertys? (Trash, water bils, etc.)I plan o...
Mike Faulkner
You're not going to like this question, but...
As a self-employed VERY small business owner paying approximately 40% of my profit in income tax every year, I am (understandably) not interested in giving the IRS almost half of the money my tenants will pay for rent...
Russ M.
Wisconsin Rent Certificates
I have a question about completing Rent Certificates for the state of Wisconsin. We bought 8 units this year and closed on June 20. When completing the rent certificates do we a.) report rent paid to us from July to...
John Kaeser
Collecting rent. collection agency
I had a perfect Tennant paid on time every month for one year.Lost his job at the end of 2015. Asked if he could use his security deposit for the last 2 months rent. I agreed. He stayed an extra 2 months after that, p...
Karen Johnson
How do I verify credit and background information?
Hello,
I got back a credit and background check for a potential renter via smartmove. Here is the feedback I got on the credit check (credit score itself was excellent and credit score was high):
Address submitted h...
Luke Grieshop
Your Experience as an LP in Syndication?
Hello fellow BPers!
I’m looking to learn from anyone who’s had experience as an LP in multifamily syndication. Ultimately I’d like to contribute as an LP locally (Phoenix, AZ), with the goal being to learn as much as...
Simon C.
Using Income and Expense Report
Hi Everyone!What are your experience with the different types of income and expense report published by NAA, ALN, IREM? Does anyone use the submarket data to analyze your deals? I was always told use OE is roughly 50%...
Josh Fralish
Red flag! Nothing is free, need some help
I'm contracted on a group of single family properties and the seller wants to deed me over a free lot. There will not be a lawyer involved so it wont go through any "red tape". She wants to just give me a free lot and...
Nanda Netto
Electrical Safety Report vs Electrical Permit
Hi! I need your help!
We flipped a house that had some electrical done prior to us taking over.
House is now under contract and we wanted to get the electrical work done permitted for our peace of mind. We did just...