Kenneth McCormick
The best way to buy from a close relative?
Preface: Fairly new to all this.I have the opportunity to buy a two unit property, where we currently live in both units, from my brother. I intend to purchase the property, live in one side and rent the other when he...
Matt McConkey
Wholesaling mobile home park
My business partner and I have come upon a mobile home park near Houston and they're looking to sell. I have a list of question below, but was hoping there might be some more I might need to ask to ensure this is a go...
Jim Froehlich
Creating Syndication for Multiple SFR Student Rentals
Hello, I am looking for replies from anyone experienced or educated in the subject of syndicating for multiple single family homes (i.e. raise capital for down payment/CAPEX/reserves, while getting blanket mortgage fo...
Alan Johnson
When Are Assignment Fees Paid?
I came across an interesting thread on when assignment fees are paid here on BP with the title Paid at Closing vs. Paid at Assignment. It raised a couple of questions in my mind about the risks of wholesaling, namely ...
Brennen McConnell
Profit margins on new construction homes
I have foreign investor capital lined up to buy vacant lots and build new roughly 1,750 sqft homes in the Greater Seattle Area, including Tacoma and Everett, and am looking for feedback as to whether or not my assumpt...
Jonathan R.
Seeking Honest Feedback On FlipSystem
Been researching this program and looking for honest, unbiased feedback from those who have gone through the Flip System. While I appreciate the content and how it's presented, it's tough to fully trust what’s shared ...
Jon Schwartz
Do you charge a late fee?
LA landlords, do you charge a late fee?I'm about to list my first rental in LA (the other half of the duplex I'm house-hacking), and I don't know whether to charge a fee for late rent.If so, how much do you charge? Re...
Chris Morris
Additional cost due to oversight made by city and possibly architect. Who pays?
I am working with a great architect on my first new development project (who I found on Bigger Pockets). We met with the city twice for 'preliminary plan check' and are now going through the formal plan check process....
Colby Mulry
Tenant always pays late, but not late enough....
I have a tenant in my first floor unit who has been late every single payment for 11 months in a row with every excuse in the book. However, they always end up paying right before the legal timeline for eviction. Does...
Devin Gordon
How to handle the Late Fee
Say the lease states, rent is due on the first and every day after that its late is a $5 fee per day until up to 5 days. Then if not received by the 5th you can go ahead with the pay or vacate letter or whatever but m...