Matt Lorenzo
Security Deposit as Last Month's Rent?
First, thanks for stopping and helping me with this. Long story short; I am renting a 1bed, 1bath condo to a couple. They are up for lease renewal on August 15th. I offered them the same rate as they have now and said...
Account Closed
What is more important in your rental houses, a basement or a garage?
I have been looking for sfr deals for at least a month now and the agent I've been working with has been adamant that we only look at properties that have a basement and a garage. The problem with this howe...
Michael Wagner
Anyone from Rochester, NY?
Hoping to collect some WNY folks in this forum. Any Rochestarians interested in meeting up to talk Real Estate? Lets start a discussion here with 2 minute intros' and hopefully get enough interest to connect in perso...
John Cohen
Closed on a 48 Unit Multifamily - First Syndication
Hey BP!Just wanted to tell everyone about the first syndication I closed. Yesterday July 31st, I closed on a 48 unit multifamily in Columbus, OH. Purchase Price: $1,115,000Occupancy: 75%Down Units: 6 Light Turns: 66 -...
Brie Schmidt
5000 posts – 4.5 years of BP
This is my 5001st post on BP in just under 5 years of being a member of this community. So I thought I would take this time to reflect on all that has happened since then.Before BP – I worked a 50+ hour a week corpor...
Austin Smith
Tenant asked for upgrade
Last January I purchased a triplex. At that time one unit was vacant, so we remodeled it before filling it. New plaster, new kitchen & bathroom, all new flooring. Fairly extensive rehab. This month I had another...
Paul Wakim
My crafty, modern approach to QUALITY mailing lists.
Hey everyone, Let me first warn you that this is a long post but I'm sure you'll find it interesting and I hope to hear what you think. If anyone has any questions please post them in this thread. Ill be happy to help...
Matt H
Why do I keep on flipping?
I don't know what's wrong with me but I'm constantly flipping my home. I wonder if perhaps this could be like some kind of bad habit. Because I'll move into a house, do some work on it, usually "for me" at first. Then...
N/A N/A
% return on marketing letters
Just wondering what % do you hope for and get on letters, postcards or flyers you mail out to a targeted audience say to pre-foreclosure, foreclosure, out of town owners, disgruntled landlords, etc.? Ie how many call...
Ben Leybovich
Equities are hot Potato - Is RE next?
In Q1 of 2015, $55 billion of outflows from equities according to this article. People are running for the hills - I believe it! A lot of this money is finding its' way into RE. Multifamily is overheated as all get-u...