Francisco Ycaza
Understanding Commercial Building Financing
Good evening Colleagues,
I join BP just about 2 weeks ago and this is my first post . I sent out a Yellow letter to a owner of a small Commercial building in the Bronx , New York back on November 20 and 4 d...
Joshua Hill
setting up the busness
What is the best way to set up your properties? An LLC or Land Trust and what is the best way to get this set up? Also, how do you go about getting a loan for you next property? Do you apply with your own personal c...
David Jayne
CREATIVE SOLUTION NEEDED!
BP Experts,
I have a tenant in a property nearing the one-year mark of a two-year lease. She just contacted me and told me she and her husband are getting a divorce, and she will no longer be able to afford ...
Zoran M.
Flip or rent? Analyze my deal
Hi all –
I wanted to get the community’s take on this all-cash deal for a multifamily unit. It’s in a very good part of Cleveland, hence the ARV. I plan to get a mortgage after 6-12 months, so my analysis will in...
Parth Patel
6 unit Apartment building for sale asking $350K
6 Unit Apartment building with (3)2bd-1ba & (3) 1bd-1ba averaging $750/ unit. Current owner is paying all the utilities. Ran the numbers looks good but bit concerned about going and having separate metering instal...
Sarah Miller
What holes are in my strategy?
Hello! This is only my second post on BP. I am a new investor from NE Ohio. My husband and I recently purchased/are waiting to close on our first duplex (50/50 rule applies perfectly, making $600/mo profit or 300 e...
Daniel H.
Contracts
I recently signed a contract to have some work done on my buildings. I paid 50% upon signing the contract. Before even starting the job, the contractor is saying he talked to his engineer and the job is going to cos...
Munim Jalil
Seller wants us to waive appraisal clause - thoughts?
Hi All,I like to the BP thoughts on this.Context - We are in the midst of purchasing a 3-family property in NYC to be used as an investment rental.We agreed upon a purchase and had our contract drafted and sent to the...
Yishi Garrard
How important are fees to you when shopping for a PM?
Hi,I'm a co-owner of a full service real estate brokerage in Tucson, AZ, and we have a property management division that is in the growth phase. We are at approx 270 units managed, with 100+ owners. We don't really ta...
Sam Silverman
Why I made the switch from active to passive investing
#1 – Headspace and Mindshare
Last Tuesday at 2:13 PM in the middle of a client meeting, I received a call from the property management company that manages my three remaining single family houses -- I was asked to ap...