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16 September 2024 | 5 replies
**Insurance Issues**: Ensure the property insurance policy is updated to reflect the change in ownership to protect both parties in case of damage.3.
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16 September 2024 | 0 replies
Economists note that job growth in typically underreported industries fell by 42,000 compared to the 6-month average, suggesting August’s numbers may understate actual gains.Key Employment GainsConstruction: +34,000 jobs, driven by heavy civil engineering and nonresidential trade contractors.Healthcare: +31,000 jobs, though slower than the past year's monthly average of 60,000.Social Assistance: +13,000 jobs, with more modest growth compared to previous months.Other growing sectors include financial activities, wholesale trade, and government (+24,000 jobs).Job Losses and Sector StrugglesManufacturing: -24,000 jobs.Retail: -11,100 jobs.Temporary help employment continues to shrink, reflecting business uncertainty.Wage and Fed Policy ImplicationsWages rose by 0.4% in August, up 3.8% year-over-year, supporting a cautious approach by the Federal Reserve on deeper rate cuts.
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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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17 September 2024 | 22 replies
Every lender has different requirements, and this can vary based on their underwriting policies.
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14 September 2024 | 6 replies
Anyway, changing my insurance policy to a landlord policy seemed like the right play since I had tenants move into the property.
16 September 2024 | 14 replies
I found very few reviews except one that said it requires a $5000 initial investment and the refund policy wasn't stated.All these social media gurus/coaches say basically the same thing with different hooks to get your attention, his being the "cowboy" and they will mentor you 1:1 and walk you through the steps, etc.
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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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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).
15 September 2024 | 33 replies
However, the possibility the former owner or one of the lenders will claim service was improper is one of the reasons title insurers are reluctant to allow a policy to be issued w/o a quit title action being completed first.It's a good idea to ask the title agent for a commitment that will show the requirements for the issuance of a policy w/o exception for other interests.
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15 September 2024 | 7 replies
DEFAULTS Tenant will be in default if: (A) the Tenant don’t timely pay rent or other fees and charges they owe; (B) Tenant or any guest or occupant violates this Lease, property rules, or fire, safety, health, or criminal laws, regardless of whether or where arrest or conviction occurs; (C) Tenant abandon the property; ....When Tenant is in default, the Landlord has the option to declare the entire balance (all outstanding balances including but not limited to invoices, rent, cost due to damages/abandoning the property) payable hereunder to be immediately due and payable; the Landlord may exercise any and all rights and remedies available to Landlord at law or in equity and may immediately terminate this Agreement.XVI.