Account Closed
A new business model with Short term rentals
Greetings BP, I've been on the platform for a few months and greatly value the connections, feedback, and partnerships I've gained from joining. So, before I go any further I wanted to say thank you to the group.
No...
James Ohliger
Property Management Fees for Mid-Term Rentals
I'm curious about people's experience with property management fees for mid-term rentals? Typical property management fees for long-term rentals are anywhere between 6-12% of rental income while fees for short-term r...
Johnny Tran
2 units BUT 1 Electric and water meter. HOW TO
Looking for all suggestions and open to ideas. I have a property that consist of 1 building, split legal 2 unit (front and rear). Front is spacious 2/1 and a large studio in the rear. As stated in the title, the uni...
Andrew Holder
Commercial Property Eval. and Lease Structure
Closing on our first commercial property (Office Space) in Oklahoma City next week and I can't help but think that there could have been a more efficient/better way to really analyze a good deal vs a bad deal in the c...
Cory H.
Mobile Home Park - Convert from Park Owned Units to Tenant Owned?
Hi,I purchased a mobile home park about a year ago. Things have gone relatively great. There have been a few hiccups as I expected there would, but nothing that I couldn't figure out with some help from my awesome p...
Charles Frankenhoff
How far would you deviate from the 2% rule?
I just happened to be reading some of the threads on here, and it got me to thinking. I don't generally use the 2% rule, but I don't disagree with it either, as a rule of thumb. I've done 2.5% percent, and best de...
James H.
Part Time Agent
I am thinking about getting my license to facilitate my own purchases. However, I think my pace of buying properties will be more like one per every two years rather than one per year. The fee for the license and requ...
Steve Katuska
Deal Analysis in low interest rate environment
Hey folks, not sure if this is the right forum or if this is more of a "Business Plan" question, but figured I would start here.I've been working through some longer term analysis to understand what it would look like...
Brian Gorman
Home Mortgage Lender Information
Hello,I am just getting started investing in Minneapolis and have developed a relationship with an agent who has since referred me onto a home mortgage lender. I am in the process of getting all of the documentation t...
Ed Rataj
To buy or not to buy
I am looking to buy my first multi-family. The current deal I am evaluating looks like this:
2 X 4 family units next door to each other
Asking price $289,000 each
Offer $250,000 each
Rent i...