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29 January 2025 | 3 replies
Unfortunately, I’ve run into a major issue: I received a Stop Work Notice on my property in Covington, GA, because I didn’t have the proper permits for the renovations.I want to resolve this as quickly and smoothly as possible without jeopardizing the project.Can anyone offer advice or share their experience with:1.How to address the Stop Work Notice with the local authorities?
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4 February 2025 | 7 replies
Do they offer to help you collect or file a claim against them?
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19 February 2025 | 9 replies
I know that this is a big risk property but I believe that it has the potential for high return if I can get all of this permitting and renovation work figured out on the front end.I'm just looking for any advice on how to cover myself on the front end prior to making an offer and how to expedite the work so that I can get renters in and start recouping on the investment as soon as possible.
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19 February 2025 | 5 replies
Not much you can do now outside of pricing and putting in the listing if you're open to offering concessions to get a buyer.
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30 January 2025 | 21 replies
One of those options is to let the tenant know you won't renew their lease, then offer them the opportunity to leave early if they find another rental.
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19 February 2025 | 13 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!
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10 February 2025 | 13 replies
This can provide additional capital for future investments and get the next one.Or evaluating other loan options:Depending on your long-term plans, you could explore conventional loans or portfolio loans that might offer more favorable rates or terms with the new appraisal value factored in.Your decision depends on your broader strategy.
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26 January 2025 | 6 replies
They are asking $375K but not getting it - so not quite $20k underwater from asking but they're offers so far are around $350k and lower.
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1 February 2025 | 0 replies
I had a good relationship with the listing agent and was able to structure a below value deal (beating out iBuyers and other investor offers).
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18 January 2025 | 17 replies
We were initially looking out of state for a potential move and or investment property just because the property taxes without being able to homestead, plus high cost of insurance, and harsh weather on homes made me feel like it might not be worth it.