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1 January 2025 | 13 replies
Quote from @Matthew Beninate: Quote from @Sarita Scherpereel: Quote from @Seo Hui Han: You may want to consider local banks / credit unions just because many of them will require or give you more favorable terms for things like HELOC's and other line of credit products if you have a deposit account with them.
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8 January 2025 | 38 replies
Besides frozen pipes in the winter, there's also sump pumps that if not running, could flood a basement and cause major mold damage.
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9 January 2025 | 18 replies
I ask because most who write similar posts on BiggerPockets are unable and I am sorry but "A unique blend of benefits that are favorable for R.E investors who are sole proprietors" sounds like something a fear mongering asset protection company will tell you before upselling the expensive and unnecessary asset protection product.
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7 January 2025 | 7 replies
Did you keep some coverage in case of major lawsuits?
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11 January 2025 | 19 replies
It could include selling well below market value, giving a majority interest to your partner (like 51%).
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16 January 2025 | 20 replies
Great macroeconomics overall - population and job growth and major companies moving here.
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5 January 2025 | 17 replies
Good neighborhoods & good products.
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8 January 2025 | 27 replies
I am guessing that the vast majority of homes 10+ years old had some sort of water damage at some point, most had probably several.My own home is only a few years old and we had the washer spring a leak and a few years later the RO system in the kitchen started leaking into the cabinet.Seller disclosures are pretty useless in my opinion.
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24 January 2025 | 42 replies
No disclosure on the sewage problems or any of the interior rehab required as all the BPO listed was a mere $3500 repair estimate for exterior cosmetic issues.An out of state buyer would have no idea that his $90k "bargain" needing minor repairs was actually a $10k property requiring major repairs that exceed the value of the property.
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7 January 2025 | 5 replies
I found this article that allows Fannie Mae and Freddie Mac loans to move the loan to an LLC: https://servicing-guide.fanniemae.com/THE-SERVICING-GUIDE/Pa...as long as I am the majority owner in the LLC.