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I'm looking to purchase 5 new units in a short period of time. My question is: Is it better to take 5 individual mortgages, one for each property or a blanket loan?Background: These would be short term vacation rent...
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Hello! BP family need help on flip deal numbers. I'm going through a hard money lender. The purchase price of the property is at 55,000$.Cost of repairs Max 25,000(I always go with higher numbers could go way lower) A...
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I am interested in how operating expenses are calculated on condos with fairly high HOA fees. For people who use the 2% criteria as in Mike Rossi's book, "1 Minute to Rental Property Riches" I know operating expenses ...
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Weekend millionaire audiobook says to avoid investing in houses with HOA due to HOAs taking control of what happens in the community and possibly increasing HOA fees. Don't most homes have HOA? Pretty much any home wi...
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Hello bp family. I am strongly considering investing in mobile homes in parks. I have met with 1 park manager so far. Is it common for you all to pay anything up front or go thru things with the manager like app fees,...
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Looking to put an offer in an a condo unit. I have never purchased a condo and looking for some BP advice!
Purchase price $138,000
4 bedroom 3 bath, completely redone ( granite counter, bamboo wood flo...
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Can anyone share their knowledge regarding a condotel with a beach view?
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Recently my property management has started to collect utility expenses for me on a triplex that does not have separate electricity and water meters. That‘s good. However, to my surprise, they are now charging managem...
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I am per-approve for a fix and flip loan with lima one capital. Has anyone worked with them? What should I watch out for? I don't want to borrow from a company that may try something underhanded.
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Hi,
Can anyone make any suggestions on how to best interview a management company? What questions do I want to ask? It will be for our first rental property in Charlotte NC.