Ethan Gidcumb
Who offers a Loan based on the After Repair Value (ARV), of a Fix and Flip?
Hi!
One thing I run into often are borrowers who are looking for loans based purely on the After Repair Value of a Fix and Flip investment. Because of common marketing strategies by the industry, their expectation is...
Steve R.
Adding Property management company name in Insurance
Hi fellow BPers,Trying out a new property management company for my property in San Antonio. The company is requesting to add their name as additional interest in the landlord Home insurance of my investment property....
Mary El
Adding investor to LLC before 1031 exchange
I have an investor who wants co-invest with me on an upcoming 1031 exchange. Since my LLC currently holds title to the property, and the investor is not currently a member of the LLC (or the parent LLC), how does she/...
Account Closed
Landlord came by to take photos with banker. Is this legit?
Random question regarding if this is a regular thing where a bank comes by with the landlord to take some general photos of apartments for annual reviews or something. He didn't snoop around it was hallway and living ...
Peter Sik
Is it common to add PM in insurance?
After 9 months of using this PM, PM is asking me to add them as additional insured. Is this common?"We are currently auditing and updating our records to insure we have copies of all insurance policies for the propert...
Justin Smith
Notice to Tenants if not entering any of their units?
Good afternoon, I just closed on a multi-family property (4 plex in an older home) . 3 units are rented, 1 is vacant and there is a shared common area for laundry. Do I need to provide a notice to Tenants that I will ...
Chris Holmes
In which States is Wholesaling Illegal
Community before me and my partners get deeply involved in real estate wholesaling can I get advise on which states are illegal to do wholesaling.
Raj G.
Depreciation due to attached wall with neighbour
Hi, I am trying to buy a multifamily home in Bayonne,NJ.But this property has one wall attached to neighbor's wall.If such a home (without attached) is worth $500K then due to one wall attachmentwhat is effect on the ...
Jashan Mundi
Basement Rental (Income, Legal, Recommendations, etc.)
I'm curious about knowing the market for finishing and renting a basement to tenants.I've targeted the Detroit, Buffalo, and Niagara falls markets for single and/or multi-family houses, but I'm interested to hear from...
Evan Ventura
Preventative Maintenance for Pests?
Hey everyone,
My partner and I recently moved tenants into our first rental property and are considering, as a standard practice moving forward with our business, providing quarterly pest treatments to our homes. This...