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I am closing on a duplex after the first of the year and have a few questions for the BP community. Each unit rents for $275/mo, but fair market seems to be more like $600/mo. There are currently NO leases in place ...
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What proactive measures do you take to increase profitability on your rental units? Here's some things I have done recently:
1. Challenged tax assessments.
2. Hired a firm to handle the 2nd round of assessment chall...
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Hi. I am new to here and new to the real estate market. I have a question about owner financing. I am in Pensacola, FL. My husband and I have found a house we like and upon calling the owner found that he only wants $...
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What do you think has more risk, carrying the 80% mortgage, or putting down the 20% cash?
Im doing a 50/50 partnership. 1 of us gets the loan, 1 of us ponies up the 20%.
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What is the normal percent of earnest money deposit on a commercial deal? Agreed offer is $900K and the seller sent their own contract asking for 15% intial deposit for the Title company escrow instead of returning th...
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Hello does one change their display name on BP my name is Phillip not Lorenzo lol
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In both houses I want to make offers on, there are some in the neighborhood. One has two on the same street. They're not next door to the houses, though. Is this something to worry about? This is in Florida, so there ...
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There are a lot of talk about investing in RE with little or no money of your own but I asked a few lenders and they tell me that most lenders do not allow you to take on a second loan on a commercial deal because the...
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I just found out the lady across the street has a son who is a registered sex offender living with her. The current tenants haven't said anything but I am wondering what I will be up against when the tenants leave? ...
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Hi all,
I am currently looking at a commercial property in NH. Three buildings which include 22 apartments, 9 retail storefronts and a vacant theatre.
Annual Gross income is $252,000
Annual Operating Expenses are $...