Amos Lee
Just passed real estate exam! Which brokerage should I join?
Hello All! Long time BP fan, first time posting. I recently just passed my real estate exam, and I wanted to reach out to all you magnificent experts in the community on which brokerage to join? I currently reside in ...
Mauricio Salom
How to split utilities
I have a single family home with a garage conversion. Both are 2bed 1 bath. Iam moving out and I am going to rent both units. I have not lived in the property while the other unit was occupied so I dont have any numbe...
Brad Rondeau
I'm considering FSBO in Laguna Niguel California
Hi, I've bought and sold several homes - but mostly with a realtor. I did buy one home many years ago from a gentleman that was very familiar with the process and it went quite well. I'm retired now and I have time ...
Oren K.
Environmental Phase 1 & 2
Just curious what people are seeing out in the market; In a commercial property context (industrial, retail, office, even multi-family), is an environmental (at least a phase I) always requested by lenders (convention...
Snehann Kapnadak
Structuring Acquisition Fees
Hi All,How do you present a deal to an investor with the goal of being compensated for it when it closes via an Acquisition Fee? If I find a deal, but don't have capital to bring in and instead work on underwriting, d...
Mary McMillan
First Multi-family purchase
Hello BP community! I found an off market portfolio where I am offering to purchase a handful of properties. We have tentatively agreed on a bundled price, and I'm looking at them tomorrow with the owner. I've gott...
Alex S.
Flipping as S-corp Tax Question
I have a tax question. My accountant of 12 years does not have any clients that flip houses, she has buy and hold but no flippers. Also her father was actually my accountant for 10 years and he passed, so she took ove...
Account Closed
Dodd-Frank & Private Lenders on Owner Occupied House
If a private lender (individual, not a licensed lender) violated several Dodd-Frank regulations in giving a 2nd mortgage, what would happen if the lender tried to foreclose?Violations include:"Lender" knew "borrower" ...
Alessandra C.
Written Rental policy detailing guidelines on Sreening /Application-no criminal history
I am trying to create good policies for Screening Applicants - NO CRIMINAL HISTORY- may be too strict- It is hard to decide and I would like hear what is your experience or input:1) speed tickets- how many infracti...
Sophie Sawyer
OmniKey Realty Property Management
Anyone have experience using OmniKey Realty as Property Management company? I’ve read all of their reviews on Google Review and Yelp, while most of them seem real, I’ve spotted at least one of their employee friends p...