Courtney Nguyen
What is the legal limit on interest rate (over Federal Reserve rate) for private loan
Hi BP community,
So I heard interest rate on private loan can only be 10% over Federal Reserve rate, is that true?
For example, as of now 3/20/2023 the Federal Reserve interest rate is 4.5% - 4.75%. Let say our hol...
Ben S.
Townhouse or condo and how to tell?
I am looking at replatting a couple six plex buildings which are set up like row houses. Currently on 4 parcels. With the irregular shape of the lot I think a common area or HOA owned parcel will be needed for the m...
Benjamin Palasek
Appliances for rental
Hello BP members,
I have a dishwasher going out in one of my rentals. I don't need to buy anything fancy but I don't want to buy junk either. What are your recommendations for solid, well built but simple appliances.
Brent H.
(relatively) new house build with continual repair needs
I purchased a new construction SFH in Florida about 3 years ago. It had a 1 year warranty. Since it's come out of warranty (of course), a continual stream of issues have come up that need repair. Many of these are ind...
Jared Comeau
Accounting fees and Tax filing
Good afternoon BP.So I'm still in my education phase of REI, and I just spoke with a CPA about setting up our legal structures and tax structure.He mentioned that accountant fees are typically $2K/year.I'm wondering i...
Angie B.
Fees for Lease Violations?
After our last tenant moved out, I reflected on how she left the property (it was not good) and how through the 2 years she lived there, she violated the lease several times (unauthorized occupant, changed locks, e...
Adam Jernow
Appfolio vs Buildium vs Yardi
Hi All,I'm a long time Buildium user. Several hundred units. The software is good overall but the accounting is week for institutions. There have been issues with auto reconciliation that take Buildium months to resol...
Solomon F.
Oil tank remediated. no sell?
I am looking at a deal where the property had an underground oil tank removed and the soil test shows mild contamination. The seller is re-mediating. One realtor advised me against getting involved because I intend to...
Jessica Martin
Building/Buying RV Park Houston / Galveston TX
My husband and I have been talking about building / buying an RV park for a few years now but just recently decided to really start looking into it. There are many parks here in Houston / Galveston areas and all are n...
Robert Ablorh
Roof
Hi, I have a roof that need to be change, but any time i request for an estimate they come back and give me options. They said i have one layer and i add another layer to it, do any body recommend this. It's a rental....