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5 December 2024 | 15 replies
All the hard money lenders I've worked with in the past (and the one I currently work for) deem an appraisal necessary for risk management purposes to insure AIV and ARV estimates are good.Curious how you'd manage risk without one?
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8 December 2024 | 14 replies
Instead of a penalty system, perhaps a warning system could be more effective, giving members a chance to correct their behavior before being fined or banned.
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30 November 2024 | 2 replies
We are blessed to have the chance to visit every summer!
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9 December 2024 | 15 replies
I’ve been told that two years is a very reasonable estimate for maximum time it might take for the eviction.
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4 December 2024 | 3 replies
@Bijan SabbaghiYou don’t that’s the challenge - we pull data from several places as a note holder and for example and currently we see less than 20% actually going to foreclosure as most are ending in bankruptcy right now due to borrowers equityThe ones that are under water are typically going back to the bank.Best bet is to find properties where deceased or maybe divorced to get higher chance of actually going to foreclosure
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6 December 2024 | 9 replies
They are month-to-month and pay below market rate.I would prefer to sell it in its current condition and estimate that a diy remodel would top out at $15k.
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4 December 2024 | 0 replies
Each situation, even the frustrating ones, is a chance to learn and grow.
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7 December 2024 | 8 replies
If so, then I'd send them the inspection report + the list of items you want repaired / estimated costs for and then use those to either negotiate the price down a bit / request seller credit for repair OR a combo of the two.
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6 December 2024 | 6 replies
If hourly vendor vs salaried maintenance is what makes or breaks the deal...it's not a good deal.Your best estimates are likely to be from managers/owners of buildings similar to your subject property.
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9 December 2024 | 23 replies
Have you gotten the chance or considered speaking to your neighbor?