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Hello and greetings from San Ramon, CA!My name is Jeff and this is my first post in Bigger Pockets. I work for my family exporting business in the Bay Area and I feel like REI is the ultimate way for passive income/we...
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How do we factor in property management expense into cashflow? Obviously we factor in the percentage each month, but how about the bonus they get when they find a new tenant?Hypothetically lets say a property managem...
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Hello BP family!I'm new to the Chicago market and recently acquired my first investment property here. So far I’ve heard a few of the horror stories, mostly related to landlord-tenant issues. Are there some unique adv...
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I am planning buying my first investment property and would like to know what key people (broker, agent, etc) I should have lined up before I purchase. Who should be on the team?
Also, I know I need a CPA, should tha...
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Hello BP,Do any of you work with lenders on a cost + basis? If so, when the bank puts their version of the buyer/GC agreement in front of you, do they make it a fixed-price contact? If so, how do you handle?I'm findi...
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View report*This link comes directly from our calculators, based on information input by the member who posted.
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I bought my first rental property, a 4plex and I'm moving into one of the units. My lawyer has sent lease assignment agreements to the sellers lawyer. This would allow the tenants contracts to carry on in my name unti...
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Is it possible to file for BK 7 and still keep any rental properties if that is your only source of income? Won't qualify for chapter 13 due to excessive debt and chapter 11 is too expensive. :roll:
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Hi BP --
We recently acquired a duplex. We've already sent a 30-day vacate notice to one tenant as she is month-to-month and paying well below market value.
We are now planning to show the property to interested r...
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Hello;
For those of you who hire a project manager, do you find it enough to pay salary, or do you give a percentage of the deal too? I'm trying to think through which would offer the better cost/benefit (since givin...