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25 July 2024 | 8 replies
Next time, consider implementing a RUBS system to prevent this issue from happening again.
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26 July 2024 | 1 reply
A: "Oh, I don't actually live here, I'm just staying here for a few weeks with a friend"A: "The seller just asked me to stay here because people kept breaking in and vandalizing the place, that's why the appliances are gone"A: "I love all the neighborhood pets, but I absolutely hate the business next store because their air conditioner squeals when it runs ALL SUMMER!"
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25 July 2024 | 4 replies
If they refuse to leave, you can evict them, which could show up on their credit report and prevent them from buying a home for the next seven years!
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25 July 2024 | 10 replies
Moderate rent bump this year has prevented it from going down any further.- It's been well kept- Between transaction costs (e.g. broker fees, transfer fees), capital expenses, tax recapture I would need to sell it for $1.9M to break even.- At it's height (2022), it could have sold for but $2.7M.
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25 July 2024 | 3 replies
I'm looking for ideas on how to handle a potential bust cycle and prevent it from blocking my progress towards acquiring a second property.
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25 July 2024 | 22 replies
You will have essentially ruined their lives and prevented them from ever doing this again to another innocent Landlord.
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25 July 2024 | 2 replies
In that regards I would rather prefer to build a mutual beneficial connection rather than one that only benefits one side, even as a newbie there's something that can be offered that is of value.And I would rather that you're blunt rather than sugar coat things, in several discussions I found instances where wholesalers took advantage of sellers through P&SA contracts, inspection clauses and closing dates and were unable to fulfill there obligations to the sellers and preventing the seller from getting other buyers during the validity of the contract, I means it's quite unfair.But there where other instances where wholesalers had built credibility by the manner in which the death, I mean that is what builds a good relationship and make room for future referrals.I would still like to know your thoughts on Wholesaling and wholesalers, please do not sugar coat, let it out just as you see it. it.
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26 July 2024 | 14 replies
That's what I think a fair price is.It does depend on how far it is to the roofing supply store, how far it is for the workers to travel, if there's any rotting wood that needs to be replaced and how busy they are (busier = higher profit).You could buy a couple ladders, a compressor, a 100ft extension cord (14/3), 50 ft of rubber air hose, a roofing nail gun, a caulk tube a couple shingle removers and pick up some day laborers who know how to roof.
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25 July 2024 | 33 replies
These, for the most part, prevent wild "bad faith" moves.Other investments I have like DSTs and crowdfunding involve actually owning a fraction of a physical building or complex.
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27 July 2024 | 15 replies
Ideally you did not remove the finance contingency and the lender appraisal will prevent you from significantly over paying for the property.