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I recently closed on a property where I inherited tenants and my lawyer is very adamant that I return all the security deposit to the tenants asap. His reasoning is that there are too many esoteric rules about the de...
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I see 7-12% fees for property management around here. $1500 month property. $150 at 10% x 12 = $1800 a year
$1800 x 10 properties = $18,000. Someone can manage 10 properties alone but still you are only pulling in $...
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Hello! Im curious if anyone has used a DSCR loan, where can i get it, whats your thoughts about this, would you recommend this????
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In the world of property management, the question of whether landlords should approve tenants to perform maintenance on rental properties is a common and multifaceted dilemma that requires careful consideration. This ...
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I'm exploring the best options for listing my property, ideally as a Mid Term Rental (MTR) or a long-term rental. The home is spacious with 5 bedrooms and 5 bathrooms 4200 sft, and it's conveniently located within wal...
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Hello everyone,My wife, brother, and I want to get into short term rentals in our area. We are in southwest Michigan on the coast and short term rentals are great for our area. I have reached out and started getting...
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I am wondering if you are leagally able to do lease option assignments in the State of Tennessee if one does not have a real estate license
Thanks
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Hi,
I am looking for suggestions on strategies for doing a 1031 exchange for my rental condo (1.05m value in the Milpitas Transit Area). Currently, the rent pays for PI/PT/Insurance.
I plan to buy 2 properties in ...
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Good morning BP community,We are looking at making our first hard money loan for a flip project. We don’t really know where to begin as far as term sheets and what documentation we need to request from the borrower. A...
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Curious if any one has done this before? I own a luxury STR that is financed and in an LLC. I am doing research on fractional ownership- where I would sell 1/16th or so of the ownership. Has anyone done this and if so...