Mitchell Hammack
15% Property Management Fees Reasonable?
I've always heard that you can expect to be anywhere from 8%-12% of rent for professional property management. I'm finding PMs who charge that as the base fee... but what I didn't expect is to see a high cost for find...
Mitchell Benson
HUGE Joint Venture Question
To start off. I bought 2.6 acres about 2 years ago. It is raw land, undeveloped. there use to be a house on the property but since then its been burned down and hauled off. Since I do not have the capital to build any...
Adrian Fajardo
Solution for landscape causing water damage
I need help from the vast knowledge here in the BP community. I'll be brief and specific in my post. I can fill in more details if it seems too vague.
I'm in the process of purchasing a property and in my option peri...
Mitchell Lash
Tenant Wants To Cancel Lease Before Moving In
So, I have a lease that is supposed to start on June 1st, 2021. The tenant who has already signed and paid her security deposit just contacted me and told me that she will no longer be moving in. I am wondering if I c...
Keith Mitchell
Can an HOA prohibit a short-term vacation rental?
I have a home in a HOA that is Useless on a good day! Here is the Language as it is written in the CC&R
Section 1.1. Rental or Lease of Lots. It is the intent of this section to protect, enhance andmaintain the ...
Mitchell Rusten
ELI5, why do people put profits into a 1031 vs a tax write off
Simply put, why do real estate investors need to put their profits on something like a flip into a 1031 exchange rather than simply putting the profits into a new property and writing off the acquisition like a normal...
Charles Mitchell
Jersey City house hacking
Hi all!So I'm looking to get into my first deal within the next coming months. I've been looking OOS (Jacksonville FL and Kansas City) and while these are both great options, I'm looking to build a little bit more wea...
Emily Simmons
Newbie in need of help
Hello! My name is Emily Simmons and I initially wanted to start flipping houses but I do not have enough funds to buy a house right now. I have some funds saved just not quite enough. So i've been reading up on wholes...
Cesar Hernandez
2 Bedroom vs 3 Bedroom Multi Unit
Hi,
I am in the process of buying my first multi unit property and need some advice. I was originally going to buy a a 2 unit (Unit A is 3 bed/2 bath and Unit B is 2 bed 2 bath) in great condition, but was outbid. Th...
Elliot Mitchell
HELOC Terms and Interest Rates
Hey Everyone! I'm in the process of applying for my first HELOC and have a couple questions: I've called about 10 banks and compared the terms and this info is the best out of all of them:Variable interest rate @ prim...