James McGovern
Best Practices in Hard Money Lending
FasterFunds Lending, a hard money lending who focuses on the Saint Louis Market has a unique take on hard money lending that I would think should be more popular.
1. No appraisal fees. They get in their cars and go s...
Joshua Paul
Is Investing in 4 Plex with FHA loan a good idea?
I have been playing around with the numbers and I've found that using an FHA loan (which I am confident I qualify for) I can get a 4 Plex and have a really solid cash flow. This route is very attractive because of the...
Brant Richardson
Lease renewal fee charged by property manager.
Management fees, new tenant fees, service/repair fees... they all make sense to me. But a fee to renew the lease for a tenant wanting to stay another year does not. To me, if the tenant wants to stay, that just m...
Beau Ordemann
avg property management fee?
I'm looking to understand property management overall commission as a %of rent. I currently pay about 14-16% after you take into account tenant placement fee (1 month rent), account start up fee, monthly fee, renewal ...
Wayde C Hall
Questions to ask when interviewing brokerages as new agen
Hi everyone! I'm getting my license in Florida currently and really have already picked a brokerage I want to work for but was advised to still interview around. Besides things like revenue share, commission split a...
Marc C.
Buying with $500 down: Is this 2006 or what?
Just had an offer on a $150,000 starter home. The buyer had a pre-approval letter and proposed a $500 down payment, FHA financing, and seller to pay all closing costs, because $500 was all the buyer had, period. (They...
Elaine Jordan
On-line Financing Companies
Hi, I am a newbie in Orlando, I've only on the BP site for a couple of weeks and I'm trying to learn as much as possible before diving into my first deal. I'm trying to figure out the best financing options for me for...
Dan Kieres
Flipping Homes/Apartments
Hi,
I thought I'd share a little insight I have gained over my past experiences when looking to purchase a property to renovate.
First and foremost, you NEED to do your homework. If you're looking at wh...
Jacqueline Coombs
Suggestions for Hard/Private Money in Michigan?
Hi, everyone! I would like recommendations for hard money and private money lenders who lend in Michigan and have reasonable rates. I currently own and manage 3 rental properties and I would like to add more to my por...
Bryan Graf
Using a property mgmt company
Hello all,
I am in the process of buying a few rental properties and am interested in hiring a property management company. My day job requires extensive travel and unfortunately managing the properties myself is no...