Travis Boyd
How effective can MTR be with small multifamily properties?
Hi BP community! I currently House Hack in Everett, WA (near Seattle) and utilize FurnishedFinder for our basement ADU with great success. I have built up enough equity and savings and will start adding multiple rent...
Erik Browning
I'm one of the "Find a Lender" lenders, here are my thoughts
Pro's: It's great to have BP as a trustworthy partner to give clients a level of trust that they will be taken care of. BP cosigns our ability to operate and vets us both on the phone and online prior to featuring us....
Abraham Anderson
$1,300,000 Deal at Age 21 & I'm Retired!
Yesterday (7/31) I closed on a $1.3M, 20 unit apartment deal that's going to net me a passive, positive cashflow of $3,000/month. This is after ALL expenses (PITI, PM fees, repairs, vacancy, capex fund, etc). My perso...
Nadir M.
Taking over existing tenants
Hello Everyone,I am due to close on a property that has an existing tenant. Long story short, I found this property off market. The current landlord was to sell this property and would have needed to evict the tenant....
Mary Ainsworth
Tenant has no income but money upfront - too risky?
I know people say not to accept tenants if they have no active income, but this is a medium-term tenant who would stay 3 months and they can pay the entire 3 months upfront. In this case, is it a risk to let them stay...
Collin Hays
Lawsuit time! A reminder about risk management for your STR
This occurred on Sunday. Thankfully not at one of our properties, but one about three hundred yards away. A heavier gentleman was apparently walking up the stairs to his cabin, a step gave way and snapped, and his l...
Latoya Pryor
EMD placed with Title Company
I just got my first contract signed. I was informed from another wholesaler that I should not have turned in my EMD to any title company cause if the deal fails I could be charged up to $2000 by title companies for t...
Matthew Kirkwold
Telling Tenants You're the Property Manager
Hello everyone,
I've heard that some people will tell their tenants they are the property manager so that when a dispute comes up they can say the "owner" is the "bad guy" and not them. On the other side of the coin,...
Andrew S.
Tenant's boyfriend moved in
Happy Monday BP, I have a good tenant who has moved in her boyfriend. I was notified after the fact. They have been a good tenant for ~8 months into a 12 mo lease and have discussed renewing the lease in other conver...
Azeez K.
100 Unit Property Under Contract - Seeking Input from Fellow Investors
All,My team and I @Matt Wood @Mike O'Connor @Kiran K have recently got a 100 Unit Multi-Family under contract in Albany, GA. As always, I would love to get your inputs on the deal. Here are some of the key stats:Purch...