James Aravena
How should I update Insurance Policies?
Hello everyone. There are two property In queens that my family owns and I manage! The original insurances are covering the original purchase price of the properties, which are 25% of the worth in this day and age. I ...
Corey Drexler
Equity position to refi down the road
Im looking for my first rental property and the plan is to refi quickly as possible to get money back out and acquire another property and so on and so forth. So obviously its very important for my first deal to be a ...
Andresa Guidelli
Project manager - Philadelphia.PA
Hi everyone,I would like to hear your opinions and experience with project managers. More specifically, I would like to know the pros and cons of having a project manager for your rehab projects.Also, I would like to ...
Joseph Chacko vellukunnel
experience working with virtual property managers
I currently own 4 properties in new jersey, tenants actively managed through a property manager. The PM is okay, and they are reasonably prompt at responding to our tenants and maintaining the property. That being s...
Account Closed
Investment Property Analysis (Pro Forma), Becoming an Asset to Investors.
Hey BP,Feel free to scroll down to the Important Part.I am a realtor in the Greater Philadelphia area. My goal/aim is to work with investors for two reasons. First, I am a finance guy, recent Drexel University graduat...
Michael Sepe
Property Manager Fees
Finally purchased our first rental property! Being a newbie, I just wanted to reach out to the BP community and ask if these fees are usual or customery?100% of the first months rent.10% of the montly rental.3% of a y...
Joe Hughes
Project Manager fee?
I am doing quite a few fix and flips, and all is going very well. I have a Project Manager in place, and he is paid 10% of the net profit at the time of closing. That is also working very well for both of us.I am no...
Patrick Donley
What's a fair split on a rehab flip?
Hi Everyone:I'm partnering with a financial investor on a rehab that we will flip. I have found the deal, will close on it and will do the entire project management on the house. He wants me to have skin in the game...
Emre Dura
Need legal advice for LLC opening as a non-US citizen/resident
I'm a new (foreign) investor and just bought a new property in Detroit with cash as a first move. Looking forward to legal advice for LLC opening. any referrals who have experience with international investors? Thx
Davartay Miller
Selecting a Property Manager
In my experience as a property manager, the most common question is “What will it cost?” Though many questions come into play when embarking upon selecting a property manager, this is the foundation of conversations b...