Marshall Hooper
Property Management Company for sale - How to value
I've been offered to purchase a property management company and I'm hoping to get some advice on how to property calculate the purchase price. It's approximately 200 doors with about 12k/mo. in gross revenue.
Challenor Jack
Newbie to Notes
Hi all,I am looking to get started with notes investing. The more I read the more I am confused as to where to begin. So here are some of my questions and I hope someone can point me in the right direction. Should I...
Marian Smith
Who to use as a QI in a 1031 delayed exchange
i don't see anywhere in the IRS code that states that the QI needs to be anyone in particular. It just can NOT be a relative, or your accountant, realtor, etc.I was just quoted a $1200 price for a 1031 exchange prof...
Ryan Dossey
First deal closed this morning!
Alright guys I wanted to share with you about our first deal! We used @Jerry Puckett and did a mail drop of 1k yellow letters to high equity home owners. Given the fact that my business partner and I both work full ti...
Tomer O.
A Rock Climber Living Out of His Van - REI Newbie
Hi BP!So Excited to have found this place, so much information, quite overwhelming, in a good way. The podcast, the forums, the youtube channel, so much to absorb!So I'm 28 years old, and I live quite a different life...
Wendy Schultz
Hardest Lessons Learned from Short Term Rentals
What have been your hardest lessons learned in short term rentals? I'd be curious to hear the experiences that others have had. I'd say my hardest lesson learned is overestimating how quickly a new property will reach...
Jason Yuan
Section 8 ask me to pay back 5 year rent for $44,000
5 years ago, i advertised my house for rent for $780. a lady said she has a section vouch for $760, but she can pay the difference of $20 from her pocket. so we signed the lease for $780, but she changed the amount to...
Neil G.
What to do with 1st STR - Not Cashflowing
Hey all, what would you recommend doing with a STR property that's just barely breaking even after all expenses? It's a 3 BR old bungalow in Tampa that I'm renting out on Airbnb. My prop management is handling everyth...
Francis Rusnak
How much does your lawyer charge?
How much do you pay a lawyer on the buy side of a transaction? I saw another thread that said they work with lawyers that have $250/hr rates. I've been told $550 and $700 by individual lawyers to close on a property.A...
Tom Lipps
Title Company did not include Prorated Rent or Deposit
Hi BP!I'm set to close on my first rental ($82k duplex) this Friday.However, I received the Title Agency's Final Settlement charges and it does not include a Prorated Rent or Security Deposit from the seller (even tho...