Adrian Fajardo
Allocating expenses in bank accounts
Hello BP community! I'm very excited to be here and always happy to accept any tips from anyone. I'm still on the early stages of my investing journey and I ran into this question while studying. When I do get a prope...
Matt Faix
Basics of a commercial deal
We recently found someone looking to sell a mid-sized commercial property. To-date we've only done smaller deals (duplexes/triplexes), and have self funded everything with bank financing. This is a much larger deal, a...
Medina Norris
New Member from Columbus, Ohio
Hello BP family,
I'm a new member. I literally just found out about this earlier today. I accessed the website and was amazed at the wealth of information available. Little about myself I'm just starting out, I am a...
Venu Vedre
Lending money to a General contractor
Any thougths are appreciated. Here is the background:
Background:
I met a General contractor a few years ago through a local RE meetup in Charlotte NC area. I have seen his work onsite and He is very good at what he...
Joy Page
Tenant Selection Strategy
What is you strategy for selecting tenants? I've reviewed credit history, background checks, and income sources. Do you accept tenants with evictions? Collections? Do you have a base credit score for acceptance?
Nathan H.
Wrap around mortgage advice
Hi BP Community,I’m looking for some advice on a mortgage wrap deal I’m looking to do. I’m the seller and would be carrying the financing on a $750,000 duplex. The underlying mortgage is a conforming 30 year fixed and...
Christian Fowler
Tenant Wants to Pay Upfront
Would you rent to a tenant that wants to pay up front? Have not run background/credit check yet but she has mentioned she has terrible credit and is not currently employed. She received money from a "settlement" and w...
Blair F.
Key & lock advice on systems
Hello,
I currently have one duplex that I manage. I have put in place a lot of systems to make managing this rental and future ones easy. However one of my biggest issues is keys.
I had SmartKey locks installed in ...
Matthew John
How to Screen International Student
I had someone apply who's a Nigerian Exchange Student that's only lived in the states for 2 years
He's working full time making $840 per week & meets the income requirements
The problem is he doesn't have a ...
Kyler J Sloan
Letting Contractors in Remotely via Smart Lock?
I have previously been asking my agent to show my house to contractors for a $50 travel fee, with 2-3 contractors coming at a time, in order to gather estimates for some renovation work. However, I would prefer to rem...