do you have separate bank accounts for these three or do you just put all of these reserves in one account?
Ok, I am working on a deal that would potentially be a 4 property package deal. My question would be, as a wholesale exit strategy, would it be better to sell them as a package or individually?
I know there are benef...
Hello,I have noticed that more and more property managers are charging tenants ~2-3% of rent + $30 as admin fee/resident package/utility package. Is this standard for most major property management companies. Can anyo...
Hello to everyone on BP! I joined a couple of weeks ago, and I must admit that I did so with some reservations. My big concern was, what is going to happen when I hit that submit button to become a member. Am I goi...
I would love to hear different items you have added to a generic lease template that you think are important.
With the mortgage default rate expected to rise to 50% - interest rates are increasing daily. How does this affect what you are doing with your investments now? Should investors liquidate or rise out the storm? How do...
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $650,000
Cash invested: $80,000
Found this 5 family right on the MLS for $650K, needs about $50K of repair an...
I (lender) recently switched firms to one that has a pretty nifty toolset that I did not previously have available to me.One of them is a system to track paperwork submitted and loan progress. I can set milestones and...
Bottom line up front, I bought an acre in an urban setting. I re-zoned the property successfully, have full construction drawings and are nearing permit for 8 apartment units. I bought the land for $250k ($100k down a...
President Bush today proposed an economic stimulus package amounting to 1% of GDP. His ideas included:
Immediate implementation
No Tax Increases
Bolster business and consumer spending
Tax rebate check
No Spending Pr...