I’m looking for a loan to purchase an 5 Unit apartment and came across a lender. He told me I have to pay a $3,600 origination fee for for $180K. I told the lender from Metro Financial Services, INC that I didn’t want...
Hi BP I received this text message below today from my tenant. Here is some info on the situation. Her lease has been over for 2yrs now so she is on a month to month lease. In her lease it stated she had access to the...
Hi Everyone,We are closing on a vacation rental on Hutchinson Island, Ft Pierce Florida 1st week in December and have been talking to the folks from Evolve Vacation Rentals. They charge a flat rate of 10% and list on...
Purchased a tax lien.Took possession.Made repairs.Received a redemption request.Responded within 10 days with a bill for repairs.Redemptioner received the bill (certified mail signed receipt) on 12/12/17.Lawyer respon...
Hi everyone, I'm sure to more veteran investors out there, the answer is already obvious. But given the prices here in BC, specifically in Richmond and nearby cities in Vancouver, it is really a challenge for newbies ...
I'd like to get some input on reasonable vs unreasonable fees for property management.
I think most people think that the % of rent is the key fee. I disagree.
I interviewed a property manager a while back who hea...
Hello BP community,I've had a terrible experience with a PM company in CO. They approved a tenant in Dec. 2023, with 4 prior evictions (latest being in 2018), and some other misdemeanors, and the PM ended up evicting ...
I recently purchased some non-performing notes. I was wondering if a 1-800 number was an absolute requirement or if I can just have a dedicated phone number for borrower contact? Of course, I recognize that the 1-80...
This is a two part questionFirst, what is your best way to avoid waisting time waiting on a perspective tenant who doesn’t show up?Secondly, Is there a user friendly app or website that allows perspective tenants to s...
The Arizona tax lien auctions are open right now. I gather a lot of data on the available liens for the counties in which I invest. Pinal county, just south of Phoenix, offers more detailed Use descriptions than other...