Joseph Fenner
How much should I spend on renovations on average?
Title says it all. Since I am starting out, I am just curious about how much you guys spend on renovations or if there is a rule of thumb? I want to calculate it as a percentage of the purchase price that I can apply ...
Arthur Schwartz
What down payment is required for an apartment building?
Does anyone have insights on how much down payment is required for an apartment building? From various sources I received very different amounts, ranging from 10% to 33%. Does it vary with the type of lender? Thank...
Steven Barr
Permits for drywall work???
Hi BP!Flipping a house and code enforcement just came to the property and are claiming that we need a permit for demo’ing and replacing drywall? As well as the roof?I have never heard of needing permits for this type ...
Adam Duncan
Undocumented rental applicant
Hey everybody got a quick question. We’ve got an applicant for one of our rentals that is undocumented. Anybody have any suggestions on how to run a background check if someone does not have a Social Security number???
Jeremy Porter
Unlocking Orlando's Property Management Potential
Discover how effective property management can unlock the full potential of your rental properties in Orlando. From maximizing occupancy rates to ensuring timely maintenance, it plays a crucial role in achieving long-...
Muhammad Gumanneh
Rehab cost in Washington Seattle
Does anyone know what’s the average cost for cosmetic/ full gut rehab in Seattle Washington per sqft.
Brian W.
Gift Funds for Investment Property
Does anyone know the rules about using gift funds for investing in property? I heard you cannot. Does this rule vary by lender, state, or is it federal. Have a client that was hoping to use funds from a parent for thi...
Barry Inge
A private lender that’s willing to fully finance?
I have been hearing a lot about hard money lenders that are willing to fully finance a deal with a 4%-14% fee. What are the typical logistics of the hard money Lender lending at this rate?
Peter Zhimin Tan
HOA fee too high for condo?
Hello,I am new to here and I am looking at my first rental investment now. I have my eyes on a condo asking for $129K. The rent is estimated around $1K to $1.2K. However, the HOA fee is $199/month. Compare to the ...
Colby Zeller
MIP or Mortgage Insurance Premium included with FHA and 203k Loan
Im making this post to see if I can obtain more detail from all my BP experts on MIP when financing with a FHA loan. Ive read up on it a little and it seems FHA and 203k loans require this premium that requires you to...