Thomas Zak
Private Lending Rates/Margins for Fix/Flips
Hello,I have a few questions about private lending for fix and flips. I am\ currently putting together portfolios for a couple potential houses I have found and was wondering how I should structure my pitch when appr...
Account Closed
Sufficient size dumpster for gutting a house.
In considering buying our first house to rent or flip, we need help in figuring the best size for a roll-off. Here's some information: 1400 sq.ft.' 3-2-2 on a concrete slab with 9' walls all on one floor. The ceiling...
Account Closed
How High Is Your Insurance Deductible?
Hello,
I am working with an insurance broker to lower my insurance payments to increase my rental cashflow. I currently have a $1,000 deductable and considering raising it. How high do you folks have it? A...
Ryan Gochenour
Advise for new agent
Hello all! My name is Ryan and I recently passed my Real Estate Salesperson exam in Iowa, and I will begin my career in the Southwest Iowa region (Omaha NE, Council Bluffs, IA area). I was just looking for some advice...
Shelby Pracht
Hiring Our First Employee!
Howdy everyone! Our short-term rental portfolio has been growing like crazy, and I've recently had multiple people approach me about managing their short term rentals for them as well. I'm excited to try my hand at th...
Mark Doyle
When to get a tenant
Good morning everyone. I have a landlord question I was hoping to get some input on. I closed on a condo in a Chicago suburb to rehab and then rent out. I did all the inside work myself and that work is pretty much...
Edward Burke
Collateralized Loan - FHA Requirements for Down Payment
Hello BP Community,I'm going to place an offer on an investment property, but I need to secure a collaterized loan (2nd mortgage) on an existing investment property. I've already lined up the person who is willing to...
Account Closed
Venture Capital
Not sure how many have considered using venture capital for their real estate investing. I found this article that gives you an idea of how to peruse this.
http://www.journalofaccountancy.com/Issues/2011/Jun/2011374...
Jason James
Virtual Staging.. IT WORKS...
Just wanted to post my thoughts on virtual staging. I recently completed a fix and flip property and thought about staging it. After looking at cost I was like "NOPE" I can't see spending the cash for that. Plus I hav...
Christopher Winkler
Needing Licenses To Buy Default Mortgages
We were forced to get a debt collectors license in Maryland to collect on one 2nd lien non performing note we purchased last year, even though SCOTUS ruled a year ago if you own it you are not a debt collector. They a...