I've read and listened to several stories of landlords just forgoing the traditional security deposit altogether. They claim the hassle and potential legal troubles are just not worth it to them. As a new landlord, th...
Hey all,Just got my first house hack in Orlando. I downloaded the FL lease agreements from BP but I am still a little confused and could use some help.I see a Residential lease agreement Florida containing fee in lieu...
Hello everyone,
I need some advice. I have a situation that I want to take advantage of but I’m not sure how to go about it. My wife’s family owns a home that they would like to sell for 690,000. I don’t qualify fo...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $15,000
Cash invested: $5,000
Our first ground-up development project has been approved!!!! This is a vacan...
We have a LTR about 2000 miles away from us. We have been managing it ourselves for about 3 years with no issue. We recently had a tenant leave after six weeks of living in the property due to work. We would like t...
So I have a hypothetical situation:
Lets say a properties ARV is $550k,
Repairs are $75k,
And Wholesale Fee is $10k.
Using the mao formula:
$550,000*80%-Repairs-Wholesale Fee = MAO of $355k
When I am making my...
Hello BP Community!
I own a recently renovated duplex in the DTLA/Westlake area and I have been searching for a local property management company with experience in lower-income, multi-unit zoned neighborhoods. I sel...
Ok so here’s my dilemma. I want to buy a multifamily through the NACA program, but I already own a single family under a VA loan that I would like to keep. NACA rules state that you can’t already own a property in ord...
Hi All,I'm getting tripped up on a vocabulary item and am hoping some folks from Colorado can chime in. I have a friend who asked me to manage his rental, but I cannot because of this:Everything I read says that you ...
If anyone has ever had this situation before and could shed some light on how it handled I would be forever grateful.I just closed on a househack this weekend - a 3 bed 2 bath home with a 1 bed 1 bath carriage house i...