Gere W.
Section 8/Metro rules
Where would I find what I can and can't do with section 8/metro tenants? I'm located in Ohio. The places I'm generally interested in include Columbus, Sandusky, Zanesville, northern Ohio. My initial thought that promp...
Quentin Thiery
Ethics Regarding Agents
Hi BP,I am a new investor who is currently taking the RE license course in NY and looking to house hack my first property soon (getting the reserves up at the moment). I've been speaking to a couple of agents in the a...
Derek Carroll
Screening Showings for serious renters
I live an hour away from most of my SFRs and self manage. When I have a vacancy I only want to show it to someone that is serious. How do you screen out folks for showings who are just kicking tires or might not oth...
Michael Wolffs
Reference check on NYC mortgage broker
I'm trying to get a mortgage on my triplex. I was referred to a mortgage broker in NYC, and I've been working with him. Before I get to the point no return, I wanted to see if anyone here knows him, and has worked w...
Bryan Lutz
LLC partnership single flip only
What is best practice? After closing on a flip, do you close the LLC or keep it open for the next opportunity? Even it were a partnership LLC?
Account Closed
Buyer hates the “finder fee” to assign a contract
Hey all,
I am trying to wholesale my second fourplex. Honestly wholesaling doesn’t even seem like a good word for it. I’m packaging a contract for a fourplex and am bringing a buyer to a seller.
I gave my buyer thr...
Andrew Martel
Low Income Properties Diary
So over the past 4 months I have been working on my first 3 low-income rental deals. Here's how it's going so far. Deal 1-33K 3Bed 1Bath 1300SqFtI found this property through my realtor. It had just popped up on the...
Douglass Belt
When is it cost effective to have a Property Manager?
Is there a "general rule" for the number of units where it makes sense financially, to use a Property Manager (PM)? For instance, 5+ units use a PM? I am looking into making the move from a SFH to a Fourplex. I und...
A Pudenz
Long Term Rental Managers
My investment group and I are looking to try a new manager for our long term single family homes. In the past we have tried quite a few. Last year our repair costs were 42% of rents which blew all of the previous ye...
Freeman Schultz
Questions about condo boards
Out of curiosity, I have been taking a look at the condo market in NYC for investment opportunities.Condos are attractive because of their simplicity. They are not as profitable as multifamily, but there is a level of...