Account Closed
Education and start up costs: How much are they?
I recently decided that once I educate myself that I would like to obtain a salesperson license and become a real estate agent. I know the classes I will need to take will be a few hundred dollars and the exam itself ...
James Flynn
new member from pike/wayne county pa
Hi every one, First i have to say great site, i've been reading different discussions for a while now and finally decided to take the time and join.I've been in the construction field for some time now, and also worke...
Anastasiia Greca
Preparing your fist lease agreement
Hi everyone!Me and my husband bought our first property! The process was rough, but finally we closed. We started preparing the house for renting right way. I am looking through different samples of leasing agreements...
Steven Skarupa
insurance coverage for short term rentals?
I just signed a contract for my first rental property on Christmas Eve. Nice little bungalow in northern Cape May a block or two from the bay. Has the potential of bringing in 2K in positive cashflow!
Now I'm in th...
Jan Lee
My long time restaurant tenant wants to buy the building I am renting and asks for owner financing
The tenant is a fairly popular seafood restaurant in town that is family run business and has been a good tenant (always paying rent on time, easy to deal with etc). They have been there for over 15 years. They are in...
Michael Keane
20% Down, instead of 25% on First Investment Property?
Hello BP Community:I am in contract on my first investment property -- a duplex. I understand that many lenders want 25% down on multi-families for first-time investors. Any suggestions on how to negotiate with lender...
Jonathan Alexander
How's my plan?
So I'm trying to take steps to put processes in place to help get the ball rolling. Theoretically I feel like this should work but reality, I feel like, is not this simple:Have a number of different realtors (possibly...
Boston Caruthers
Best way to Screen tenants?
I have 7 doors, and I wanted to get some ideas on a better way to screen for tenants. Currently I’m using Zillow’s background check, and I’m screening all my tenants before they sign a lease. I’m having issues with ...
Anthony Freasier
How to obtain Occupant Names
I've created a template and system for yellow letters. I have a list of addresses that I've gathered. I need the names of the occupants, and am curious what would be the most accurate and cost effective way of findin...
Lisa T.
"The Rules" of Investment Property
Clarity please! When calculating a potential deal, is the "Rule of Thumb" 70% or 75% (i.e. ARV x 70% - Rehab = Max Offer)? Also, any recommendations for estimating rehab cost (i.e. ARV x 10% + $10k = Rehab Budget)? I'...