Loren Thomas
How passive are rentals using a property management company?
Hello
I'm brand new to real estate investing. I am a partner in a business that has a very strong monthly cash flow and I'm looking to use that cash to acquire multi unit rentals. The main issue I have is my lack of ...
Jennifer Kennedy
New Investor In Austin, Texas
Hello! I've been listening to Bigger Pockets podcasts and reading the blogs for a while now and feel I'm finally ready to get started in Austin, Texas! I'm focusing mainly on flips but hope to be able to finance some ...
Pat L.
Turn Key Purchase - Transaction Fee Disclosure
Hi. I agreed to purchase a property with a turn key provider. I did not use a real estate broker or salesperson at any point. After agreeing, I received a message requesting that electronically approve "Transaction Fe...
Michael Slabitcher
Does a proof of funds letter from a hard money lender guarantee the loan when making offers?
If a hard money lender provides you with a POF letter in order to make offers, does this mean that if an offer gets accepted they have to provide the loan? Obviously hard money lenders have certain criteria the pro...
Brian Claar
How do I find off market mid-sized apartment properties?
Does anybody have suggestions on how to find find off market properties? Any ideas on a service that will provide me owner names, addresses, and phone numbers? I am looking to pick up a 10-30 unit apartment building i...
George G.
Income & Expense Verification
We are in the process of submitting an offer and doing our own due diligence. I wanted to do a quick survey to see how you guys verify income statements and expense reports provided by the broker. Currently we have re...
Brian Berry
How do you verify work was done properly on out of state rentals?
I (mostly) love my property management company. I've had some frustrations, but that was all part of the learning curve in working with them. My biggest complaint is that I never have evidence that work I've paid for ...
Brian Pellerin
Advice on Multifamily Partnership Structure
Hi, I do SF rehabs and rentals, however, an acquaintance has suggested that we team up for a MF deal. He's already got 4 properties with 32 doors and a management company. I'm seeking advice on how to fairly setup...
Drew McLoughlin
Coin laundry in small multi-family (quadruplex)
Does anyone have experience offering paid laundry (coin/ credit card at the machine) to multi-family tenants? Any tips? Am in option period for a quadruplex that does not have W/D connections. Potential opportunity - ...
Denise H.
STR Insurance provider
I know there have been many STR insurance discussions but I am in a serious bind here. Our property is in Lake Arrowhead which is a high fire risk area, the only company I could find to insure us for STR coverage was ...