Mitchell Hammack
What Questions to ask on a Development Proposal?
Hi all!
I've been sent a real estate development proposal by a friend of mine who is looking for me to invest. This would be my first time investing in something like some so I want to make sure I ask the right quest...
Jennifer Huba
Considering Purchase - Opinions?
25 Lots are fully occupied and bring in $6650/m. Most mobile homes are owned by tenants with a few rent to owns. ( Monthly income for RTO is $1k).
Over the next 2 years, I would increase lots rent to bring in anothe...
Mike McCarthy
Changing Heat - Who pays?
Just purchased a 3-unit multifamily with a single boiler heating system. I'm changing over to mini-splits for both heat and A/C and I couldn't be more excited to put that cost with the tenants and give them control o...
Jaclyn King
Finding & interviewing a property manager
I’m looking for a property manager with a finders fee only. How would I go about finding one? What questions should I ask? How much is reasonable for this work so they don’t find a bad tenant?
Daniel L.
Wholesaling Entity P&L, COGS vs Operating Expenses?
I’m ignorant when it comes to accounting…Does anyone have a P&L template that’s best for a strictly wholesaling entity to present to third parties accustomed to reading P&L statements? I see the P&L te...
Account Closed
Regulatory Compliance Fee - Should Buyer Pay? Also, capping closing agent fees.
Hello BP Community,
Just signed a purchase contract as a buyer in Florida. The seller has an agent but I do not as the buyer. The seller's agent prepared the contract, had the owner sign it first, then presen...
Larry S.
Late Fees with a PM Question
Hi All,I'm super excited to be under contract for my first property. I was reading through a PM agreement from the company I intend to use, it states that the PM keeps all late fees. Is this common practice in the PM...
Steve R.
Property management company name adding in Insurance
Hi fellow BPers,The property management company is requesting to add their name as additional interest in the landlord Home insurance of my investment property. Is this usual? I have had multiple rentals and none of t...
Lisa Rider
End of Eviction process in PA- Request for order os possession
I am submitting a request for possession of my property in Northumberland County, Pennsylvania. I was awarded close to $5k in tenant damages and back rent during the court hearing. I did not ask for future months or r...
Sam M.
Multiple properties on one lot?
Hello all,
Hope you guys are all doing well.
I am looking to purchase a property which is 4 properties on 1 lot and I was wondering if any of you guys have any experience in purchasing multiple properti...