David Robertson
Detailed Scope of Work vs "Turnkey" SOW Language
A recent forum discussion talked about how an investor's scope of work said to include "EVERYTHING" in their proposal to 'gut the property, buy materials and rehab per plan.' Long story short, the contractor did not ...
Tushar Shah
Multiunit Bld - 100 years Old - Diligence Required
Hello BP Members,
I am under a contract for a 8 unit building came on MLS few days back and was hoping to get your opinion on few technical/diligence things given the communities vast experience in investing in mult...
Tristian Cox
WHAT WOULD YOU DO? (BOUND BROOK, NJ) TWO FAMILY PROPERTY...!
So here is the deal. I have an accepted offer one a property in Bound Brook, NJ. Two unit property. I will be financing 180K. The taxes are about 7K. There is flood insurance: my total payment would be 2,092 with ever...
Kristen Marra
LLC or rental first
Hi, I am new to the BP forum and in the process of researching my first rental. I plan to open an LLC to protect my assets. My question is -should I get the rental property first or establish the LLC first? Further, I...
Kameeka Shirle
Carrying All the Risk
Hello, my business partner and I are looking to acquire a daycare business and the real estate. She had the knowledge on how to run the business, but her credit would not qualify for the loan and the bank is saying th...
Carl Dowdy
Insurance options when property is owned by LLC
I'm curious what options you've found for reasonable insurance premiums when title to a rental is held by an LLC - and you want that LLC to have a few million in liability coverage. If I keep title in my name I'll con...
Account Closed
Questions on Mortgage scenarios
Please take a look at current mortgage scenarios provided by mortgage banker.Plan: To start my REI career using BRRRR Strategy.Questions:1. Do you think IHDA will work good for my situation ?2. Will it be a good decis...
Kristyn Grimes
Anyone Providing Tenants With Techy Stuff?
Is anyone providing their rental SFH with minor tech items such as Ring doorbells or smart deadbolts? These were standard in my new home and it's really a great piece of mind annoying I can let my kids in and check on...
Zackarias Aitchison
What Do You Like To See In An Investor Package
Hey!I want to create a strong investment package to send to possible investors. For single-family and small multifamily investments, what numbers do you like to see as proof of the investments worth?Thanks in advance ...
Cindy Mastin
How much do you require tenant to insure for liability?
How much do you require tenant to insure for liability, hazard (injuries, etc.) not including their personal contents? 50k, 100k, 500k?I'm reviewing the BP provided Lease Agreement & not sure how much to put in th...