Angie W.
What is a Property Manager? Pros & Cons?
I have a general understanding what a property manager is but my questions revolve more around how much or how little can you hire them to do.
Can you still maintain some control over who they rent to and mai...
Andrew Freesh
Suspect tenants abusing eviction moratorumin in CA. Thoughts?
Hi all,I own two rental properties in Ventura county. One of my tenants has 2 kids, and lives with their S/O in the house. Both are signed on the lease, both had jobs pre-pandemic. They were great tenants until one of...
Wesley W.
Tenant washers in units
Hi All,I'm soon to own a small multi-family property that has W/D hookups in the units, and the current tenants all have their own washers. The disclosed annual water bill is $2000, which via local custom is paid by ...
Hans Restuccia
For Hard Money Lenders- Disclosure Language
The following is a verification for the person borrowing Hard Money- must be investment property- right??? So here is an example of language:
12. This Loan is for Investment Property – The property is not owner occup...
Christopher Laws
Terms when working with BP local partners?
One of the interesting aspects of the recent BP podcast on investing out-of-state with @Mehran Kamari was his partnership with @Dawn Anastasi in Milwaukee. I was wondering, how have other folks found, vetted, and stru...
Brian Woitte
Estimating Value (wholeselling)
After an appointment has been made to get a contract signed with a seller and you begin viewing the property general rule of thumb for determining your sell price is 65-70% ARV minus repairs. What is the best practice...
Daniel Alvarado
Hi BP Chicago, Multifamily Investors
Hi All,My name is Danny, I am a new to the BP community, but have been listening and reading BP since a few months back when I decided I wanted to start investing in real estate. I just turned 23 this past week. I mov...
Michael Mies
Gotta love the kid!
I have a nephew that has been rehabbing homes in Indianapolis and over-extended himself financially. In short, he needs $4K for living expenses. He currently has two homes on the market (listed only two weeks ago...
Brock W.
Should I sell my rental to pay off my residence?
Hello All- First time poster and pretty UN-Savvy investor. Perhaps you can help me? I own a modest 3/2 valued at 165k free and clear. It has always had a great rental history and I've never had a vacancy in the 10...
Victoria King
Real Estate Agent Etiquette
Hi All! We are new to investing and wanted to ask about Real Estate Agent Etiquette. We believe strongly in treating people well so we don't want to burn bridges or insult anyone!What is the etiquette for having mult...