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BPers,I am analyzing my first apartment deal and find the PM costs suspect. The sellers claim 6k a year for 32 units that bring 240k in rents. Can this be true?Does $620/door sound adequate for a 1.2mil asking price...
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Someone recently suggested that I used a person (unknown to me but referred) to use their credit to help be refinance. I was told they would have to be 50/50 on the business with me and as long as they are at a 620 or...
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I am about to put my property up for rent and have a question about using a real estate agent vs. doing it myself.
When a tenant uses a real estate agent to find a rental house, what does the real estate agent use to...
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Without any personal attacks towards any party or poster, I am interested in hearing what (if any) everyone LIKED about the State of the Union address. I know some key points that the Republican side was wishing for w...
so, couple months ago i settled multiple unsecured credit cards and now finally they are reporting as closed (by the consumer) and settled (for the amount agreed; a few say for less than the full amount, though).my fi...
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I am curious, fellow landlords or PM, what is your response time to a tenant complaint?I know it's not cut and dry, and definitely depends on the nature of the problems.I would think a water line break or sewage backu...
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Hello BPers,Would appreciate more experienced members and investors help in validating if something I experienced lately is normal/legit or not. I am a relative newbie, and this interaction seemed unusual to me so I w...
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Lived in Vancouver for over 8 years and we are now in Bay Area, CA. While we were there, we bought a townhouse 3/3 two story in North Burnaby, and hired a property management company when we move down here. One turn...
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So I come home one evening and proudly boast to my my wife, "I bought a trailer park for a really great deal today!" She says, "Well it better not be the one on the news that had the meth explosion!" I think to myself...
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I ran across this commentary on Dodd Frank and how it affects owner finance from a RMLO in a linkedin group. Just thought I would post it for discussion. Thanks. https://www.linkedin.com/grp/post/8307186-6015099201514...