Ragnar Lothbrok
Transitioning to Property Manager
Hello BP Bretheren,You have helped me a lot in the past and I am very grateful. One question I have for today...I am transitioning to having a PM manage my properties for me. Among other things, they are asking for my...
Jake Roland
Fix & Flip Success in Opelika, AL
Investment Info:
Single-family residence fix & flip investment in Opelika.
Purchase price: $62,000
Cash invested: $50,000
Sale price: $170,000
Bought as a package deal $82,000 for two houses ...
Ronnie Allison
wholesale real estate assignment
Hey guys!
I am a newbie wholesaler at 18 years young. I am inquiring today about how to get assignment contracts? Also, I do not know how to get ahold of the proper P&S to allow assignment.. Qualifying a property...
James Diem
New Investor: LLC? With a partnership?
Hello all,My wife and I are looking to make our first deal and trying to get our finances and plan straight first. In the meantime we are listening to the podcast, analyzing deals, and reading whatever we can get our...
Gerardo Escutia
Seller asking 2% earnest money on a $300k multi family deal.
Seller is asking 2% earnest money on a $300k multiple family off market deal. Wants it to be non refundable after inspection period. I am not sure about this. Is this common in multi family deals?
Mark Husband-Wood
Late fee statement meaning
Saw this late fee statement on a commercial rent invoice and wondering what it means."Late fees: 10% late fee or $300 assessed if this invoice is not paid in full by the 5th of the month."To me this is not clear if th...
Kenton C.
Property Management listed as additional insured on insurance policy?
Hi everyone,I have read a few Property Management agreements and they all seem to say that the PM company must be listed as an additional insured on the insurance policy (DP Policy). Do those who use property manageme...
Marcus Brooks
Note on the subject of Notes
To say that the Coronavirus has had an impact on the economy is an understatement . As the mortgage industry
tightens up its lending standards in response to rising unemployment rates,
home sellers may find themse...
Patricia Steiner
From Bloomberg: "Wall Street Is Losing Out to Amateur Buyers in the Housing Slump"
Bloomberg Wealth reports that Institutional Buyers have taken a bath in the Phoenix housing market by "paying far more than they needed to on the way up and getting far less than they should on the way down." OpenDo...
Andrew Marsh
Looking for contractors in DFW!
Hello!
Not sure why it took me so long to look here but we need contractors!
I am wanting to create a pool of contractors for some upcoming flip's I have. Our last one was rough because we had a hard time finding de...