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...
Mark Douglas
Need help wording a seller-financing proposal
First go at offering a seller financing deal, and I'm a little unsure if I'm wording the offer correctly. Here are the numbers:4plex for $156k- I'm offering to pay ALL of the buyer's/seller's closing costs, and pay b...
Adrian Clapp
RE Syndication Investor Tracking Software for LPs?
Hi. In 2021 I invested in 15 different RE Syndications and was wondering how LP investors keep track of quarterly distributions and other performance metrics vs. what was originally presented in the original pro form...
Account Closed
Utility company won't turn on gas. Heating alternatives for the winter? (New York)
I bought a short sale rental house in New York a little over a month ago that had to be renovated. The gas heat was turned off last April by ConEd, the local utility company, because the previous owner had not paid t...
Emory Crawford
Expired
Hey BP-I am a Seattle local real estate broker starting in investing and am looking for a few pointers to deal with expireds in my market. Am I looking to wholesale to Buy and Hold, rehabers I'm a little green on the ...
Tushar Pati
How Much Value Does Tenant Add To Sale Price? Beach View Also?
hello, have never posted on this particular part of bigger pockets but I have a rental condo in miami and would like to list it for sale. It is in the absolute best neighborhood on the beach in south of fifth and an i...
Maribel Alvarado
Multi Family closing gone wrong
My spouse and I are partners in our real estate ventures. I’m the analytical, behind the scene kind of person and she is the typical outgoing latina and spoke person for our business. After having 5 SFH, we decided to...
Amy C.
LLC
Met with attorney last night to discuss issues re: first investment. One item was forming an LLC, which attorney said he could do for a bit less that $1000. Today, met with banker (Wells Fargo), and during the co...
Brandon Boyer
When to walk away from a property.
Need some advice.I'm in the process of buying my first house with the intention of living there, rehabbing it, then putting tenants in there about 2-3 years from now once i've built enough equity to no longer pay PMI ...
Roselynn Lewis
What could go wrong?
Say, I purchase a small distressed apartment complex for 500k that is valued at 600k. I renovate the apartment using an equity line (Is this a good idea, in terms of the source of funds?) My goal is to renovate the ap...