Gary B.
Resident Manager duties
Hi Fellows,I have a 27 unit apartment complex. I inherited resident manager and she does not much but I still have to keep her on property manager’s payroll that I had to pay anyways. I wanted to ask what sort of duti...
Jimmy Lieu
Best way to setup a 50/50 real estate partnership?
Hello BP community,I'm in the process of setting up a partnership with another real estate investor. We're planning on doing everything 50/50 where we split the profits and expenses. However, I'm a bit confused on how...
Jordan Becker
What level of rehab work requires permits?
Hi folks, what level of rehab work requires that you pull permits, or at least makes it strongly advisable to do so? I am thinking that some work may be too minor to bother with the permit process, especially since ...
Blake Reynolds
Exit strategy advice
Hey all, Just curious to see if anyone can validate this exit strategy for a wholesale deal. First off this is purely an example and all of the numbers I use are just for illustrative purposes. So if I were to get a h...
Brian Zitzow
Hello from Northern California
Hi everyone,I just signed up for the site and I'm listening to the podcasts now. I'm a 32 year old software developer and I'm ready to dive in to real estate investing. I just wanted to say hello and introduce myself....
Nick Leamon
Commercial Office Space Investing
Hey BP nation,I was wondering if anyone here has invested in any commercial office space. I have never invested in commercial space, but the friend that approached me with the information is reliable, but I am looking...
Account Closed
> SELLER CONCESSIONS or LOWER SALES PRICE?
The Seller is not being asked to bring a separate check to closing to pay the Buyer’s Closing Costs. This is a very common, simple Paper Credit at closing. Keep in mind, if a seller is willing to discount the price e...
Kory Erickson
Rental income from conventional loan used for FHA loan less than 100 miles away
Hello, I wanted to know if there was anyway around the FHA 100mile rule when it comes to using my rental property from the house I am saying at now to the house I want to get into with a FHA loan. The new house is a n...
Rian Ash
Seller too eager to cancel
Hi BP Members,I am in a not so common situation right now. I got into contract to buy an apartment in Contra Costa, County California around 26 days back. We got into contract as soon as the property came on the prope...
James Conaway
Section 8 renter approval criteria
I have to existing rentals that are luxury condos and have a system to get renters approved. I now have a low income 4plex that I would like to rent to section 8. Do the same approval policies and procedures apply to ...