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Hello All,I'm curious to learn ones (contract/payment) systems/approach when it comes to hiring contractors (be it a general contractor or subs) and paying them for their services. I'm in Chicago, and there are SOO MA...
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Many of you probably know about (or worse have lost money with) the erentpayment.com SNAFU; I was lucky that I had payments processed right before this all happened. (Link for those that are interested: BP erentpaymen...
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Hello allI've been managing my 12 unit apartment building that I've purchased for about two years. For the first time I'm hiring a property manager and she's experienced but (4yrs experience) with units managed up to...
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So I'm looking to purchase my 1st rental property. How/what should I use to screen potential tenants? What's the best way to collect rent? Is it normal to get the 1st and last months rent plus security deposit OR just...
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I live in upstate NY and with the new tenet laws we can not ask if they have ever been evicted. We can only charge $20 for a back ground check. We can no longer ask for an application fee. With some other disturbing t...
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Hi,
I would like to get everyone's thoughts if you care to share them about what experience has taught you to include in your lease. I mean beyond the standard lease that I am sure is similar in most cases for a smal...
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Hello, I am looking to put together a Memorandum for raising capital from Friends and Family. In the past I have partnered with other people to raise the capital and they have been much larger offerings than what I w...
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Hello BP,
I was hoping to get a little feedback on my current situation. I purchased a home outright to use a rental property in Georgia a few years back for $30k that’s is currently valued around $100k but I live in...
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I've read a number of discussions on BP regarding the pros and cons of renting to Section 8 tenants. My personal synopsis of what I've read is that success/satisfaction with the Section 8 program distills to a handful...
I am having a hard time finding a hard/private money lender that actually seems legit. I've tried working with Do Hard Money before and it was a terrible experience. Overall they just seemed very sketchy.My ultimate g...