We just sent out our first batch of yellow letters to absentee owners that i hand wrote, basically saying " we noticed you have a house at 123 Main street, if you would consider selling please call us, we pay cash"...
So i see a lot of people ask what to use when estimating a vacancy rate or a cap expense rate. And a lot of times on pro-forma sheets a vacancy is listed at 5%. I just can't comprehend how that is a realistic number f...
Hello BP family! Some advice and experiences from you would be appreciated. I would like to know what are some good college degrees that go hand in hand with the real estate industry. I want to go to college and fortu...
I need assistance putting together a list of secondary revenue streams for a property management company. So far I have
PM fee (% of rent or flat fee)
Lease ups
Maintenance (upcharge)
Vendor rebate prog...
Which would you choose?
We have a small house that we are completely gutting. We will be changing the floor plan, redoing the plumbing and updating the electrical, so we can choose either gas or electric for ...
Hey everyone, have any tips for saving money for a complete rehab?
I just purchased one and I am looking for tips on saving money on building materials.
One good one that I came across was The Home Depo...
Is there anyway to get rent money same day? If my tenant pays on the 1st of each month, I do not get the money till a week later because of banking processes taking 5 business days. Then I am late for my payment. What...
I'm looking at several potential owner finance deals - but clearly the cash flow would be better if we could pay interest only. When does it make sense to make offers that pay the seller interest only? What kinds of t...
The margins don’t make make sense anymore for me buying single families. Everyone is overpaying in my opinion. I want to buy the land and build 6-10 homes in a community. Anyone here looking to do the same thing?
I'm composing my letters that I will be sending out to homeowners facing foreclosure and I am wondering whether I should put my cell phone number in the letter or if I should put my Skype number.
The problem with t...