Marc M.
Property Valuation For Partner Buyout
I did what most people warn against....getting into business with a family member, and starting an LLC without an operating agreement. Long story short, we need to end our business ties, but there is disagreement abou...
John Thedford
Found A Deal FINALLY! Closed on it today...
The SW Florida market is HOT! Not only are properties selling, but rentals are few and far between. Everybody including their dead uncle is now a RE investor. Competing with smart money is one thing but you can't comp...
Preston Humbard
Question about Tenants before property is closed on
Just to provide some background my wife and I are going to be purchasing a condo and have a perspective close date of June 1st, 2018. We have signed a purchase agreement with the seller and got approval from the selle...
Kurtis Montgomery
Turning a duplex into a SFH
Hello BP Nation!Newbie Kurtis Montgomery here from beautiful Chattanooga, Tennessee. My last post I talked about a Buy & Hold in an up and coming gentrification area. The deal wasn't under contract yet and anoth...
Bill Schrimpf
New Member in Reno, NV
I've been interested in investment real estate, primarily in becoming a land lord, for 10+ years. I haven't done anything about it form an investment point of view but have bought and sold 2 primary residences. I...
Berry Starnes
short term rental loophole question about existing rentals when purchasing
Question: If you were to purchase a STR to close in November and the seller negotiated that the buyer must honor existing rentals with the current rental company/property management until January of 2025…. 1- does thi...
Quinton Llewellyn
Help Structuring a Offer letter
I am a newbie and I have been driving for dollars in my local market. I found a couple properties (SFH) that I am interested in pursuing as a flip or potential BRRRR and was going to send a letter. I am finding addres...
Ernad D.
Raising rents - looking for your feedback
Dear BP community,I purchased a fourplex about two months ago. We replaced the roof and completed all individual tenant repair requests that the previous owner had ignored for over a year.When I purchased the propert...
Jarrod Weaver
Negotiating Contract for Purchase of First Self Storage Facility
Would like to get your thoughts on the purchase of a 32 unit storage facility on a .29 acre parcel located in a small town (+/- 3,000 people) 50ish miles outside of Austin, Texas. The current owner inherited the prope...
Heather D.
Yellow letter verbiage
Hi All,
I'm starting a direct mail campaign to preforeclosures but I'm not comfortable using the standard "I want to $buy$ your house" verbiage in the yellow letter. I've done it... and would rather deal with someo...