Raul De La Paz
Staying busy while wholesaling
What’s else can I be doing to increase productivity while wholesaling?
Mohammed Rahman
New RE Investor questions <> Buffalo
Hi all! I'm a fairly new investor looking to make my first purchase in ~ 2 months. I've already found a reliable agent who is also a part of the BP forums and has a few units under his belt. My question is regarding G...
James Denon
Property Manager Screening
Does anyone know a good property manager in Springfield MA?I am buying a 3 family home built in early 1900s. It is fully occupied with good cash flow. I am looking for a property manager who provides good service to t...
Ben Zimmerman
questions on a first rental property
Hello BiggerPockets!My situation: I purchased my home last year for 165k, and have roughly 45k in equity. I have a decent job and am saving ~2k a month with ~30k in savings. I am looking to buy my first rental with...
Patrick Sears
Doing rentals with septic systems-yes or no?
Hello, I'm thinking about doing some ground-up rental property manufactured homes in semi-rural central Virginia, and they would be on new septic systems. Anyone have any experience with septics for rental properties...
Jason Boice
Proof of Funds Requirements
I currently have two private lenders that I work with. I make all cash offers and then obtain the funds from my private lenders to complete the deal. Recently I have been getting Proof of Funds requests from listing a...
Roochita P.
To text or not to text?
I constantly am texting with my tenants. It seems like they prefer it over phone calls or emails. How do you handle managing all the texts??? And, then if there's an issue, I'm constantly texting back and forth betwee...
Logan M.
Vetting Felons, Drug Addicts, Sex Offenders and Poor Credit/No Credit
It is inevitable that when you are in the MHP/Affordable Housing space you will have applicants who are Felons, Drug Addicts, Sex Offenders and have poor credit.Here is how I handle each of them:Felonies: It depends o...
John Pitkin
Cap rate calculation
My understanding of cap rate calculation is NOI divided by the property cost or value. Recognizing that cost and value are not necessarily the same, I'm confused about which one to use in my calculations. When would i...
Account Closed
Suing seller for not disclosing neighborhood nuisance (constant police sirens noise)
Hello - I bought a house in a Kansas City neighborhood in the summer. The problem is that the it is located 1 street away from the major police car route, which I wasn't aware at the time. When I visited the house d...