Todd Powell
Portland, Oregon annouces FREE rent; no evictions due to Virus!
My properties are south of Portland, Or but today they announced that tenants cannot be evicted if they fail to pay rent in Multnomah County. Further, they are asking the Oregon Legislature to step in and mandate this...
Kathy Lu
Highest bidder on Homesearch.com auction, what now?
I was the highest (not winning) bidder on an online auction. Homesearch.com called the next day and said that my bid was "waay off the reserve price", so it must be forwarded to the bank for review. The representat...
Benjamin Barredo
Wholesale Deal Structuring
Hello BP Investors,I have a straightforward question - unless you somehow are able to make it complicated. How do you structure your wholesale deals? With the seller and with the buyer? Example - the seller:How long t...
Stan Tallman
Seller threatening to break contract to put back on market (for more $)
I have a small SFR under contract that's being sold by a flipper. It's a turn key, good flip with a few minor issues. We asked for a reduction in sale price for an AC not working and a clogged cleanout drain (concre...
Eric Smith
How Does an Impending Eviction Affect Your Buying Decision?
Hey so I'm pursuing my first deal on a multi-family unit in Columbus, Ohio. It's in a rougher part of town, I've heard from some folks on here that the area is C-C+. I've been in discussions with the listing agent fo...
Michael Lerch
Backing out of wholesale contract
This is the last thing I wanted to have happen, but I need to get out of this contract. I couldn't find an investor to assign the contract to, and now I'm supposed to close on May 14th for $14,000 plus closing costs. ...
Troy Kerr
Rented too Low
Good afternoon BP,I recently got my first property rented. I needed to rent fast so I lowered the price from 2200 to 1850. The Management company gets ten percent 185. The Mortgage is 1500. I bought the property n...
Axel Norvell
Houston investor looking to buy first rental home
Hi all!
I'm a Houston local currently renting in the Heights area. I've come to a point where I have a sizable amount of savings and I'd like to get more involved in a more tangible investment (not purely stock marke...
Spencer Gray
Syndicators/LPs : What kind of MOIC are you seeing?
Hey BP community -I want to throw a question out there for those in the 100+ unit multifamily space, specifically investors, sponsors/syndicators or anyone who looks at a lot of deals. Do you have a target MOIC (multi...
Ryan Detzel
Do you provide linens? Pros/cons to both?
I was just under the assumption (like a hotel) that we would provide the linens but I spoke with some local owners this weekend and every place in the complex requires the guest to bring their own. This would make the...