Darvin Ezell
Why Does Buyer Pay 3% BUYER FEE and NOT the Seller??
I am trying to do my first commercial real estate transaction and the seller/sellers broker is asking for a 3 % BUYERS FEE? Why would the buyer of commercial real estate have to pay a 3% Commission, shouldn't the sell...
Antwaiyn Smalls
PRIVATE LENDING QUESTIONS
Good Morning Family,I am reaching out to get some information and guidance on Private lending. I have inquired to a few private lending businesses that provided some information on their lending instructions and pract...
Kuriakos Mellos
First ever perpetually late paying tenant - help/ideas
Hi BP community!After hitting a very solid stretch of on time payments across my portfolio over the last 3 years, I’ve run into an issue with one of my LTRs where I have a tenant who now pays late every month. I’m no...
Jesse Mercer
Any online banks that use Zelle recommendations?
Long story short, I ended up renting out a property I own outright in March '22. I currently accept rent payments via Zelle into a personal account at Wells Fargo, but I want to set up a business account with my LLC t...
Brandon Sowers
Fair rate and fee increases from your PM
My PM firm is located in NC and we manage just over 800 doors. Our management fees have gone basically untouched for the better part of 10 years. Our firm has a very simple fee structure that includes 8-10% of RENT CO...
Manuel Fuentes
Fake Lender: this guy is a fraud!
Dear members: This post is to warn you. Do not do business with an individual by the name "Trex Samson" or his company "Trex Samson LLC". If you see this individual around, he is a fraudulent lender. I had been workin...
Austin J.
Getting your real estate license as an investor
How do you find a broker that will simply let you hang your license without fees or commission splitting? I am part of 2 man investor partnership that has secured 7 million dollars in funds. Could I use this fact to p...
Jeff Martin
Does my LLC need to be established int he same state as rentals?
Hello BP members. Newly motivated to get rental property under my belt with all investments held inside LLCs.I plan to relocate to Texas within the next year but looking at Morris\ Memphis Invest and other Turnkey pro...
Precious Thompson
Careers in Real Estate
Considering studying for my Real Estate License to become an Agent can anyone tell me about there experience as An Real Agent and how much cost is involved ?
Angie Menegay
Expenses associated with a wraparound mortgage
For tax filing, where would expenses associated with a wraparound mortgage be reported? On Schedule A? Some examples would be interest paid to the underlying lender, note processing fees etc.
Thanks,
Angie