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I have to perform a roommate switch out in one of my properties. The tenant lived there 3 months and paid a non refundable pet fee. I am trying to figure out if I should return a prorated amount or keep the fee. An...
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Hello BP! I was an agent long ago out west, and am back in RE after a sabbatical. As a newlywed, we now have two homes, one of which is being updated prior to sale to maximize equity. During this updating process, ...
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Good morning everyone,I'm writing from snowed-in Philadelphia. My long-time tax preparer's health has taken a turn for the worse. If you know of anyone who is adept at handling tax preparation and are in the Philly ar...
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Hi everyone,I'm trying to learn more about turn-key properties and what the best options to maximize return on them are currently. To my understanding, the main stream of income generally comes from leasing it out to ...
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Hey fellow BP members,
I currently have a lead on a multi family complex out in fifth Ward that is willing to do an owner financing deal. I'm very new to the area so I don't know the preferred cash on cash return when...
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So I was supposed to close the sale of a property this morning when the buyers mortgage company suddenly wanted to know if the property was a "flip". After biting my tongue to avoid the stream of profanities I wanted...
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Contractors are ghosting me, what do I do? 6 units in East Cleveland.
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Hi All,I've been looking at retirement options and I was wondering what COC ROI is in the Midwest area. I know typically many people shoot for 10% COC ROI, however in the Midwest can I get a surplus of 12%+? Lastly, I...
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Hi guys, I am just starting out and I am going to ask a couple of family members to provide me the cash for my deals. What is the appropriate incentive to offer for them to put up the money? I wanting to do a BUR str...
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I have just started using the calculator to analyze properties.I have noticed that when I enter data as a cash purchase vs. when I enter 25% down, there is little to no impact on the CoC number. Since this number is ...