All Forum Posts by: J.R. Coffin

Yes, definitely. I've never heard of anyone prohibiting you from taking pictures.  I take pictures and video of every property I view so I can go back and write up an anticipated repairs list before making an offer.

Yes, many students have co-signers. I would recommend this if you aren't pressed for time and tenant options.

Hmmm, I'm not sure your going to get money back at closing - typically you would get credit off the final amount. Do you have a lender you are working with that could answer this? 

If these are really pressing items and you don't have the cash or the time perhaps you could negotiate that he hires contractors prior to closing and shows proof of agreement with them. But this would still put you at risk for them not finishing the job. 

If you have a good relationship with him then I might pitch it as - "A normal buyer would delay the contract and require you to fix these items before closing. Since I know that time is of the essence for you - I'd be willing to take a check at closing and resolve these items for you after closing" 

Yes, I worked on the Trac75 Apartments in Boston (https://www.bldup.com/projects/61-83-braintree-street). Its 80 units total with a mix of studios, 2 bedrooms, and 3 bedrooms. We actually ordered the actual modular units from a company up in Canada. If you're looking for Single Family - Blu Homes is a good company to work with. Let me know if there is anything else I can help you with.

Hi Lucas, Please provide pictures if possible. Its difficult to give a proper estimate without additional information. If anything I would be very conservative and ask local contractors for bids.

Welcome!

No he's not licensed. Its really just a maintenance contract. He works with an agent if he needs to list the property. 

Hi there, great idea. I'm actually looking at building out a few cabins for AirBNB myself.

1.) Really depends on the town your in, I would call up the building department and ask them a "hypothetical question"

2.) https://www.biggerpockets.com/airbnb-calculator

3.) The AirBNB community forum has tons of conversations and templates about what hosts include in the terms of their rentals

Maybe you can sell them to a landscaping company at a good price and hopefully they'll do the uprooting work for you. Call around and pitch the idea to a few companies, there is probably a market for smaller cherry and hawthorn trees.

Sounds like a tear down to me. Multifloor mold issues and signs of rotting/deterioration probably goes a lot deeper than you can visibly see. You can go in and salvage any steel, appliances, or siding you think might be useful for the new build. A picture of your situation might help if you want second opinions. 

Also, i'm not sure of your local zoning but if you rebuild - even within the same footprint - you can build smart and maximize the space to get the biggest ROI from your rental property.