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30 September 2024 | 21 replies
Or just used $15k as a downpayment and then had to make a couple months of payments to make the property ready, pay for inspections and repairs, commissions, utilities, advertising, and then it sat empty for a month and you had to make another payment?
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29 September 2024 | 13 replies
I like to hand-deliver it and set an appointment for my first inspection so I can start documenting the condition of the rental from that point forward.
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29 September 2024 | 12 replies
The last septic I redid in Montville had 7 town inspections.
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1 October 2024 | 5 replies
Smaller ones are filling up within 12 hours and the large unit they left with 2x 5 gallon water jugs to empty into AND a catchment below....because obviously the sellers knew that it fills over 5+ gallons in just TWO DAYS.We have had to get a structuralengineer in who has noted other water damage throughout the basement (unfinished) that was hidden behind sellers boxes and personal items during our inspection.
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3 October 2024 | 46 replies
A main thing that everyone should always do during their inspection period on a property is connect with at least 2-3 different property managers so they can get a better rent range/run numbers more other than listening to an agent that might not be as conservative in their numbers on projected rents.
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1 October 2024 | 12 replies
Get as long of a mortgage as possible (eg 25-30 year mortgage) to make your payments lower.If you are buying to rent it and won't be living in it, you need 20% for a down payment.Either way, you also need money set aside for closing costs, inspections, repairs and maintenance...and if you are renting it out to cover vacancies.
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29 September 2024 | 5 replies
Oftentimes tenants will call to report an issue i.e. mold thinking it'll save them from eviction which triggers an inspection and results in these violations.
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23 September 2024 | 4 replies
Assuming you fail the first test, you will have to perform the remediation work and then call for a re-inspection.One you have a passing inspection you can apply to MDE for your Lead Cert (many lead inspection companies will handle this for you).Good luck!
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27 September 2024 | 12 replies
Make sure to gather the correct contact information for your representatives and ensure you grasp their inspection procedures.
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1 October 2024 | 12 replies
I never saw him there for the few times a year that I would do inspections.