Matt Kowske
Doing turnovers -- whats "standard" for property management?
Hi all,We are going through some challenges with our property management company and wanted to get some opinions on how turnovers are generally done. It is their policy that they wait until the tenant has moved out, t...
Aaron DiCaprio
What Grace Period is Standard for Nonpaying Tenant?
Hi Everyone,
I'm looking for feedback on what grace period should be set forth in a lease for when a tenant doesn't pay by the agreed upon rent due date. What does the BP community use? Do certain state laws mandat...
CK Hwang
Industry wide standard for wholesaling? or being unrealistic?
So, I am guessing a class on real estate wholesaling class must have recently let out or something because I have just been inundated with wholesalers bringing me deals this week. But here is what has been driving me ...
Theo Daubresse
Minimum Standard for Credit Scores and Security Deposits
Hello All,
I am looking into purchasing my first investment property in a C+ / B- neighborhood in Richmond, VA. In addition to checking income, employment verification, criminal background and the tenant’s rental hi...
Paul Smythe
Is a Project Management Fee Standard for Contractors?
I'm working on a deal and a quote from one of my contractors has a project management fee included in there. In the BP community's experience, is that a standard line item for most contractors? I've seen budgets with ...
Aaron Wortham
Industry standard for equity partners and debt investors?
My question is two fold:The first part of this is that I have a long time friend who is a general contractor. We have discussed him running the rehab portion of investments in exchange for an equity share. Is there an...
Tony Schober
Standard or easy reading contract for motivated sellers
What type of contract do you think would work better
- A standard contract promulgated by say the Texas Real Estate Commission
or
- A dumbed down contract that gets to the necessities/basics
I see benefits for bot...
Asher Carr
Earnest money standard for private deals (or any deals)
I'm planning on closing a deal with the seller and we agree to the whole contract except for the earnest money. He wanted $1000 in earnest money at signing while I want (and really can afford) only $100. He came back ...
Terell Brown
Is 75% of LTV standard for cash out refinancing?
I called a couple lenders today to enquire about a cashout refinance on BRRRRR properties. This is specifically on a property that has been acquired, rehabbed, and rented in the span of 2 months. They are all telling ...
Chris Policicchio
Is there a standard for prorating taxes? 2% default?
I'm closing on the sale of a flip tomorrow and the title company is telling me that my proration of school taxes is based on the 2% discount, even though I didn't pay the full amount OR pay early enough to receive the...