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24 September 2024 | 6 replies
Thank you Ned, that is exactly right, we actually check a condo/townhouse about 2 weeks ago, the thing was a condo with a basement, I cannot tell if it was a condo or townhome, anyway, the ceiling in the first floor was bowing, the 2nd floor, one of the bedroom was sinking, could not tell how this damage was done but the walls came apart from the floor, you could see the roof of the unit bowing inwards towards the structure a bit, and their "general contractor" estimate that for 5k they could straighten the property and level everything, even 1 window and 1 door looked so uneven that you would think there was something wrong with your eyes...5k for structural damage, good luck with that one, we ran as far as we could from that....but we have seen they do inflate their ARV, since we learned the hard way , we go through these deals with a magnifying glass, I knew I was not so picky, numbers do not lie.Another thing that caught my attention, which I do not know if I am overly suspicious now that I am older, but they want to get the closing for us at the same time/day they are getting the property from whoever they buying it, which it seems to me they try to save on the closing by having a "dual" closing when in reality is just 1 closing and we are the one paying for it...I do not know there are few things that do not click right with this folks.
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25 September 2024 | 17 replies
It ties into your great grandfather’s troubles during the 1932 depression; your grand parents ability to purchase a home in 1953 for $100 down with a VA loan, and your own psychological well being at having to have a percentage of your income going to pay debt each month.However, unless debt is so debilitating to you that it keeps you up at night and inhibits your ability to make rational decisions, the decision to pay off debt early is merely a function of numbers.
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24 September 2024 | 8 replies
As far as financing, the property does not need to be in a LLC.
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23 September 2024 | 8 replies
I am looking to invest somewhere as well trying to weigh out my options as far as location.
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23 September 2024 | 3 replies
Scammers may even go as far as creating fake W-2s or other tax documents or advertise fake tax credits to lure in taxpayers to share their sensitive information.Text, Mail and Phone Schemes: Scammers are targeting tax professionals and taxpayers through phone calls, text messages, and even fake AI generated IRS letters.
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24 September 2024 | 15 replies
I did a blanket loan in the past knowing I would have my hands cuffed as far as future collateral on those assets.
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24 September 2024 | 22 replies
Melissa Lapinski as far as I can tell, every county in this entire country has their very own obtuse and hard to use system for this data.
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22 September 2024 | 15 replies
Comps in the neighborhood are iffy and it seems to be largely block by block as far as how good of an investment I tis.
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22 September 2024 | 5 replies
As far as fake references, you can tell in about 10 secs if you're talking to a legit landlord or not.
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24 September 2024 | 49 replies
I'm assuming that you stopped actually screening people years ago since your experience is so "vast" and you have been through every situation imaginable.