Greg Meyer
Application and late fees
I am negotiating with a property manager to maintain a 30 door investment. Recently, It came to my attention that the manager is charging a $50 application fee, and he would like to keep late fees. In your area: How m...
Kelsey Folger
Analyze first property
We are nearly under contract for our first rental property! Here are the numbers. Deal would be all cash (can’t finance until roof is replaced) Triplex in Northern MIPay:139k Needs roof:10kAll units have long term ten...
Grant Pope
Raising Capital with other investors - How to structure?
Hello All - Love BP and everything it has to offer.
A question that I have is about structuring your business when you are raising capital. Right now I have 5 units, with a couple of different investors. Because the...
Gerald Donaire
BRRRR analyzation concept
Hey BP!I’m getting better at analyzing deals and find it in me to push myself to understand fully why the numbers work in their respective way with each strategy. Rental property analysis being the easiest and then fi...
Jeremy Peters
Property Cost of Ownership Breakdown
I'm looking to get into buying rental property in the Dallas/DFW area and I would like to get some feedback on my research to budget for capital expenses. My goal is to develop good capital and maintenance budgets.Des...
Michelle Kline
First Post! Rehab Resources
Hi all - first post here, but not new to the community! We have 3 doors in Winston Salem, and are exploring doing our first purchase that would involve a rehab. I understand the high level strategy of the BRRRR method...
Jeffrey Wannberg
Indiana Multi Family Insurance Needed
I am looking around for insurance companies that offer insurance for an old apartment building (30 Units). The 2 buildings were built in 1920. I currently have Indiana Farmers, and the rates were inline last year with...
Account Closed
Cheap private lot, the catch, bed rock is on the surface!
Hello I found a great lot for a great price within 15 mins of Knoxville. This is a hot area. I hope to buy and build a couple houses.The lot has two buildable locations, lot is 10 acres total, private, good area, etc....
Michael Vaughan
Rookie Mistake. PLEASE HELP
Hi,
Not sure where I should post this question. I have a property in La Marque, TX that I purchased for $65K with a $55K rehab draw. I met a general contractor working on a home close to my house. I asked him to chec...
Russ McKelvey
Deal Pending: Joint Venture Structure: Advice Needed
Hello BP!I am working on getting a property under contract that I plan to wholesale. I have finance and some real estate investing experience, but no construction or GC experience.In the process, I met a General Contr...