All Forum Posts by: Terry Mccasland

I agree with all your input. My original posting did not make it clear that I was going to make the payment to the HOA, not the renter. So, the question I was seeking input on was whether it's inappropriate to ask a renter to pay me for the annual HOA fee, separate from the rent.

I have decided to not pass on the fee, as Kristine mentioned, it's a PR issue and is a potential point of conflict with renters....especially when they don't get any perceived value from it...

Thanks guys, appreciate your input.  

A home I am renting has a home owner association fee of 275 per year.  It's used to cover maintenance of common areas...No pools or parks.  I have included this as a yearly fee that the renter pays.  I guess I could have added it into the rental rate, but I didn't.

Does anyone see any issues with this? 

Can anyone provide some examples of the partnerships that have put together.  I know the deal can be structured anyway we want, but I am looking for examples so I can get some idea on what has worked before...

For example:

Two way (50/50) Flip
- Partner 1 provides all capital for buying/rehabbing at prime + 5 (say 9% flat, no points)
- Partner 2 does everything else, identifies property, manages rehab, flips property
- After project done each partner gets 50% of profit

Three way (33/33/33) Flip

- Partner 1 provides all capital for buying/rehabbing at prime + 5 (say 9% flat, no points)
- Partner 2 does project management, accounting, records
- Partner 3 does coordinated all the work required to rehab the property
- After project done each partner gets 33% of profit

Thanks in advance

I'd like to get on an email list or get access to lists of properties that are being wholesaled so I can aquire and build my buy/hold portfolio

Thanks Roy, do you recommend electronic locks over those used by landlordlocks and the traditional / manual / master key solutions for landlords with 10-20 properites

Has anyone ever used a Keypad Deadbolt such as Schlage FE595, it's around 100 but you it has 19 user code capacity with 10,000 user code combinations to choose from