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16 September 2024 | 6 replies
Then use that report as a guide to what else really needs fixing.Also, use this guide to prioritize repairs:1) Health & Safety issues2) Property Preservation3) Goverment Required (S8 and city inspections)4) Marketing negative impact5) MiscellaneousAlso, keep in mind YOU are NOT living in the home!
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16 September 2024 | 35 replies
Talk to inspectors, local contractors and start walking properties (ask a local investor if you can tag along if they have projects in the works )- you start getting a sense of how much renovation costs are, what are major safety issues and what's minor, what your offer price should be, and the ARV.I can't speak to the mentorship program since I'm not in it.
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15 September 2024 | 14 replies
Many lenders generally have a 1-year lookback window where things will change as soon as its been 12 full months without a mortgage late (then will essentially no longer be a penalty besides any effect on FICO score)
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16 September 2024 | 7 replies
It's essentially financing a portion of the transaction by increasing the purchase price by the contribution amount.
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14 September 2024 | 3 replies
Offers are essential to getting deals.
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13 September 2024 | 1 reply
In my experience, inspections are typically about safety, not whether something is up to code (that's what the town building inspectors are for).
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18 September 2024 | 35 replies
The bad accounting and rosy projections they put up are essentially a honeypot for a lazy buyer who just needs an easy place to put money to work.
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23 September 2024 | 81 replies
I will say when they moved in, I had to replace the washer, the microwave, the carpet in the entire basement (required), the safety sensors on the garage.
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14 September 2024 | 19 replies
Please complete this document and return it to me as soon as feasibly possible, for it is essential that I have all of your important information on file and up-to-date.
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14 September 2024 | 32 replies
.- Problem-Solving Skills- Proactive Maintenance- Financial ManagementWhat other qualities do you think are essential for a property manager?