All Forum Posts by: Bryan Hartlen

@Todd Powell Venmo is an ‘instant’ cash transfer app. You can link it to a checking or savings account. You can send or receive email through cell#’s or email addresses which are used to identify accounts.

I’m not sure but I think it only supports on-demand transactions - I don’t think you can schedule payments (like auto-withdrawal from a bank).  So it might be convenient IF your tenants remember.  

Payments and receipts show up in your account as Venmo with the other person’s id- so they are identifiable.  

@Chris Seveney, in this case, even with equity and 7 years payments, we would attempt to acquire the CFD for less, but only because we believe there is a market bias against CFDs and many sellers would be prepared to discount.

@Jim Holmes Thank you. I've sent you a message.

@Jerry M Cutrona what is HUD rental? Is that Section 8 or some other rental assistance program?

@Account Closed I agree and would slice it a little tighter:  C or B class rentals.  Multi-family to diversify risk. Different states if possible to diversify further (if management isn't a concern).

Hello BP community; we're negotiating the purchase of a 4plex in Terre Haute and we own a SFR in Brazil, IN. Both need rehabbing. Our current plan is to flip the Brazil property and hold the 4plex. Any references for general contractors, property managers and inspectors would be greatly appreciated. Thank you.

PS - tried using BP's Find a Contractor with no luck.

Thanks @Account Closed...  As much as I love Saskatchewan, it's a long drive to from there to see family.  

@Roy Cleeves and @Adam Krawec thanks for confirming...  It looks like any Ontario investment will have to be short term rentals (or cottages).  

We're Canadian expats who have naturalized in the US. We have some funds left in Canada that we're considering investing in rentals in Peterborough Ontario. In discussions with a local realtor we were told that the government (I assume city or provincial) has imposed a cap of slightly more than 2% per year on rent increases AND for the most part it's the tenants decision on whether to extend their lease.

Does anyone in BP-land know this to be true or false?
 

We sold our first 2 notes through paperstac last week. The process flow took a little getting used to (post an offer, post a counter, etc) but once your through the negotiation part it was a piece of cake. I also posted their report on FB because I thought it was an excellent start.  Like @Jamie Bateman I think some of the data could be improved. For performing note sales, I'd like to see the average yield.

In general, an amazing platform that I expect will only get better as they incorporate feedback from users and more folks hear about the platform.