John Curseaden
70% Rule
When, if ever, do you depart from the 70% rule in making your max offer on a property?
Solomon Oh
Returned letters from Direct Mail Campaign
Dear Fellow Bp'ers-What a start to 2017! Decided to pony up the money to start marketing consistently for the next 6 months and hit my area hard with mailers. I've sent out 600 letters for the month of January and rec...
Aaron Heun
Renew Lease or Not (Early Payer, Bad Tenant)
I am a newbie, just converted my primary residence to a rental last summer. We're nearing the end of our first lease and have a bit of a problem tenant but they pay rent early or on-time every month. We're on the fe...
Carl Mccrory
How accurate is AirDNA/Everbooked/Mashvisor?
Hey BP. How accurate are short term vacation rental market research tools such as AirDNA, Everbooked, Mashvisor?I am looking at Destin, FL and these sites are putting out numbers for a 2/2 condo as generating 40-50k ...
Account Closed
Wholesaling Apartment Development
I'm currently talking to the owner of 3 adjacent properties in Mountain View, CA (old multifamily) who is waiting for the city to approve a permit to construct a 15 unit apartment complex on the 3 lots. The owner howe...
Mike Trzaska
Small Mixed-Use Commercial Opinions
I've been actively looking for my first rental property in the Cleveland area for the past few months, primarily I was focusing my search on duplexes, tris, and quads. I've recently been looking into small mixed-use c...
Llewelyn A.
Listing Broker May Not be Submitting my Offer to the Seller
About 2 weeks ago, I submitted an Offer to Purchase a Property for a Client/Buyer.The Seller's Agent got back to me and said that there is currently an offer with "No Finance Contingency" and because my Client will be...
Sean Daugherty
HELOC and LLC
This is my first post outside of the newbie introductions, so I apologize if this isn't in the correct forum. I've been listening to podcasts and reading forums and articles for what seems like forever, yet there are ...
Pamela M.
FHA Loan/lender issues
Hi all,I am in the process of buying an owner occupied multifamily (3 unit to be precise in Newark). This has been an ongoing saga. I was aiming for 5% FHA which I was approved for. But there were so many silly issues...
Steve Sapowsky
20% Seller holdback to eliminate PMI
Can a seller hold 20% of the mortgage as the down payment if the property is not paid off? Could I offer the seller $40k higher than asking price and have that profit go into the deal as the down payment? Keep in mind...