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9 September 2024 | 10 replies
Look for cracks in the foundation, walls, or ceilings, as these may suggest settling or shifting.Additionally, keep an eye out for pest infestations, particularly termites or carpenter ants, which can cause significant damage to wooden structures.Lastly, be aware of environmental concerns such as radon levels and underground oil tanks, which can pose health risks.Having a qualified home inspector conduct a thorough evaluation is essential.
10 September 2024 | 7 replies
Even though I’m essentially paying for repairs out of pocket the equity gain may outweigh the cash flow alternative.
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10 September 2024 | 29 replies
Seemed like QB would be good for a rental, but since with flips you have to capitalize every cost and everything is essentially on the balance sheet (versus the P&L) it didn't seem to work properly.
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11 September 2024 | 13 replies
If I had contributed to the aids foundation, I would consider this a misuse of funds 2) that it is allowed to put essentially the same proposition to the voters every couple of years.
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11 September 2024 | 16 replies
In this case, it’s essential to go out and build relationships with those brokers as they often times don't list these properties on central services.
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11 September 2024 | 18 replies
I will present two (somewhat technical, sorry) points that are essential for the specific question asked by OP.1.
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13 September 2024 | 50 replies
However when I choose a property im considering putting and offer on, I run into issues like existing tenant or vacant with repairs needing to be made before rent ready which is essentially what I’m looking for to force the equity myself.The problem is that I’m unable to find PM or contractors willing to translate what the inspections are showing, what needs to be dealt with, and for how much before closing.
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10 September 2024 | 12 replies
As for general rent increases, if tenants can pay and are just low on rent then we generally come in and offer a lease at near if not just about average market rent for the unit in the area maybe a smidge under market the idea being if they stay they are getting a deal and don't have to move and I don't need to redo the unit but the rent is essentially up to market.
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10 September 2024 | 43 replies
Essentially, the landlord can only evict if the tenant violates specific requirements.What do you think?
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9 September 2024 | 9 replies
Creating an LLC before purchasing your first investment property isn't essential, but it provides liability protection by separating personal assets from property risks.