I just got off the phone with a real estate developer. He along with two partners have been buying properties in the areas surrounding Atlanta for a few years. At the start they performed PM duties but sub contracted ...
Hi all,
Just wondering how many people currently use benchmarks for financial or performance comparisons if you are in the real-estate business?
If so, how often do you look at these benchmarks, and where do you ge...
Hello BP Nation - I have seen some interesting references in a few posts about rehabbing paper (converting non-performing or under-performing notes, I believe), and though I have searched high and low on BP, it seems ...
Hey BP,I'm posting this simply to start a discussion about what should be expected when doing a rehab/renovation regarding inspections. I know different cities and different states have different "standard practices" ...
Hello, “My name is Jamie Parker with JPC,LLC , I am interested in speaking with you about your property @___________________If you are interested in selling, I’m interested in reaching an agreement. Let’s discuss opti...
I had a property under contract and the closing documents were sent to the seller and she seems to be refusing to sign and return. She is ignoring phone calls and clearly avoiding me.I'm certain that she's changed her...
Hello CPAs! I am struggling to get a definitive answer to the question - are payments from a Performing Note passive investment income or are they ordinary income? I have seen it described as both - and lets face it, ...
Looking for some discussion and philosophies regarding when to continue operating a rental versus selling. Here's a property scenario for consideration:
2bed/1bath purchased in 2019. Owned outright with $63,000 all...
Hello all,
I’ve been playing in the real estate space since about 2018 and made the transition to notes in late 2019 with my first purchase being a partial on a 1st lien performing residential note. I’m currently re...
I'm considering making the jump into the notes biz and after reading a few books I noticed some people suggest using your servicing company for all communication with the borrower. The logic is that servicing compani...