One of the most experienced fix-and-flip lenders in DFW approved and funded the transaction and is also exposed and anticipating losses.At a hearing with the city Femi makes the following claims:Shows a general contractor bid for $20,000 to fully restore the property.States the foundation is good.The big issues appear to be from code enforcement’s discovery of a full rehab taking place, including electrical work, all without permits.

Due to the damage done, it is simply not enough for them to stop selling my products,  the world needs to know that WE didn't rip them off, it is THEM that took my products so I can restore my business reputation and not need to somehow prove to my potential customers that we are the creators of that design, our name, our logo and that WE are the real ones before they even consider joining us.That, Trevor, is what I am viciously defending.

The town could require you to restore it to a 1/1.

A check-out list of suggestions for restoring the property to move-in condition, to enable the full return of their deposit.

We just had an eviction thrown out from over a year ago on a property we manage, (eviction was not done by us) the judge communicated that an eviction is only to remove tenant from the premise and restore your possession. 3) I'm not sure there's a perfect answer here but what we do is include a clause in our lease that we will move the items to storage for 30 days and the tenant can pick them up at their cost. 4) May be worth it but most of the time it is not in my experience.

Investment Info:

Single-family residence fix & flip investment in Portsmouth.

Purchase price: $240,000

Cash invested: $180,000

Sale price: $789,000

3 Story Victorian build in 1900

These evictions have not only resulted in lost rent but have also led to significant renovation costs to restore the properties.For context, I have had a property manager since 2018, and everything was fine until two years ago when the evictions started.

Purchase price: $160 Cash invested: $108 Sale price: $355,000 Vintage 1900 2 Story 1650 Square FT Complete stud to stud restoration What made you interested in investing in this type of deal?

Then, you can refinance both of those VA loans into conventional, keep them as rentals, do what's called a "1 time restoration," restore your VA entitlement, and repeat the process again.

Start slow and small.5) These prices where somewhat possible back in the day 2011 and 2012 with various restoration companies working for banks and doing bank foreclosures.