All Forum Posts by: Sondra Lovett

Hi all, 

Under contract for a duplex in the Columbia, SC area. Anyone have suggestions for structural engineer/foundation specialist?

@Jaquette Green

Hey! I recently was under contract for a newly renovated SFH. I'm a remote investor. The property looked amazing in pictures, lots of work done (new, roof, flooring, etc). The inspection came back with an electrical concern that actually meant the property was not up to code. This could only have been determined by the inspection. I would never waive this clause.

Hey investors! Give me your thoughts on this condotel opportunity in the Cayman Islands. The property market in Cayman is booming and prices have tripled over last 10 years. Two new hospitals approved for construction over next 5 years. Hilton and Four Seasons are coming soon. Existing competitors - Ritz and Kimpton. This is Seven Mile Beach premier property - beachfront property scarce. Will be financing this deal. Is this a good long term investment? 

Grand Hyatt Residence - 5-star resort

Studio - pre-construction price US$660,000

HOA - $885/month

Hotel pool management cost - est. 50:50

Estimated revenue - 5% net

Expected occupancy - 70% first 2 years, 80%+ thereafter

Estimated completion date - December 2023

Seasoned investors - multi family home inspection came back with serious issues with foundation, siding, HVAC, plumbing, electrical. Do you allow seller to make repairs or do you go for credit?

Seller is offering to make repairs but I’m a novice investor and these issues seem like too much. I feel like walking away.

@James Rodgers

I’ve done some digging and found this article. Hope it helps!

https://learn.roofstock.com/blog/property-management-companies-birmingham

@Bryan Hartlen

That’s an interesting idea. Thanks for the perspective.

@John Patton

Thanks for the insight, John.

@Arlan Potter

Do you have specific experience for the Tarrant area? Looking for a property manager for a 4-plex

@John Patton

Hi John - care to elaborate? Any thoughts appreciated.

Hi all - under contract for a 4-plex in Birmingham, AL in Tarrant (35217) and new to this market. My partner and I are looking for cashflow and need to start putting together our team, particularly a property manager. All recommendations appreciated.