Pouya Banki
Is it my property manager's responsibility to manage contractors?
Hi, there has been a leakage in the roof of my rental property. My property manager gave a quotation on the behalf of a contractor he works with which seemed high. Is it his responsibility to find a good contractor wi...
Brett Roach
Best Lenders in Twin Cities area
For the Twin Cities area, what are the best investor-friendly lenders for refinancing or obtaining a conventional loan for single family homes for renting out?Also, what are some investor-friendly title companies?Than...
Ashley Cooper
what's standard earnest money on a large mixed use property?
I have a large tract of land that will likely be developed for mixed use. I was wondering what is standard for this kind of thing. Is it 1-3% of the purchase price? If the sale is conducted in parts and over a few yea...
Roxanne Contreras
Property Management Fees
What is the going property management fee? Are most people charging a fixed rate or a %? What are you charging for single-family homes if it's a percentage?
Kimberly Ashkenazi
Personal Income for Small MF Cash Out Refi
Hello friends!My husband and I are working hard to establish passive income from rental properties so we can gain financial freedom! The plan is to purchase in cash (to hopefully push the price down) then do a cash o...
Samuel DeMass
Partnering with a project manager, end game compensation thoughts
BP wizards,I once again call on your wisdom.I'm bringing a project manager in on a deal to manage a rehab that has two end-games, Flip or rental. He's new to real estate, but my requirements are fairly low, and I'd l...
Gene Mattos
Vacancy length seems a bit long in the Cleveland area
Hello fellow investors!I currently own a duplex in the Garfield Heights area, and I'm working with a property management company. Unfortunately, the duplex has now been vacant for about 2 months. Coming from Califo...
Ryan Boren
Closing cost
Hey everyone,
Finally, one of my offers was accepted and I planned on owning my first rental property. As I was going to sign the e-documents the banker who we are using advised the closing cost will be 4500 plus 13...
Sean Shields
Sean Shields in Camden County, New Jersey
Good morning:First, I am completely new. I've been renting for 12 years. I have finally decided to get off the wheel. After listening to countless podcasts and reading through this website, I decided it would make bet...
Brady Dawkins
Mobile Home Note
I did a "Lonnie Deal" with a couple about two years ago on a mobile home. They were great buyers: they moved in, fixed the place up and paid the note off early. Now they are looking to upgrade homes. They found anothe...