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14 September 2024 | 2 replies
Recently, PM suddenly told me that this property needs "lead testing".My PM is not aware of this I already have 2-year lead certificate from the previous onwer AND assigned an inspector for lead inspection for me.
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13 September 2024 | 7 replies
Property Inspections•Schedule property inspections to evaluate the current condition of each unit and ensure that you have a clear understanding of the properties you’ll be managing.
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16 September 2024 | 15 replies
I would imagine I would still get the house inspected and appraised to minimize the risk.
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13 September 2024 | 16 replies
Here's some guidance on buying your first investment property in Southern California or Columbus, Ohio:Down payment:For investment properties, lenders typically require 15-30% down payment on your first investment15% down is possible with excellent credit (700+ score)20-25% down is more common, especially for multi-unit propertiesSection 8 considerations:Pros:Guaranteed portion of rent from governmentPotential for longer-term tenantsMay be easier to fill vacancies in some areasCons:More paperwork and inspections requiredRent amounts set by local housing authorityPotential property damage concernsOther tips:Research local markets carefully - price trends, rental rates, etc.Factor in all costs - taxes, insurance, maintenance, vacanciesConsider starting with a single-family home or small multi-unitBuild a team - real estate agent, property manager, contractorsHave cash reserves beyond just the down paymentUnderstand landlord-tenant laws in your chosen locationI'd recommend talking to local real estate agents in both areas to get more specific market insights.
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13 September 2024 | 2 replies
They’ll still do an inspection and they can still say fix thsi or I’m not buying.
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9 September 2024 | 6 replies
I got free repair estimates (inspections) from two roofing companies.
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19 September 2024 | 29 replies
Currently have 3 renos going, move in tomorrow, closings this week, and a sec 8 inspection Thursday.
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13 September 2024 | 1 reply
Never trust wholesalers they have no duty to you to tell the truth.so that being said.. just use them as a lead source.run your own comps. do your own inspections and have your rehab crew give you estimates.
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14 September 2024 | 14 replies
Your agent should have reviewed all this with you during inspection or due diligence period.
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9 September 2024 | 10 replies
What are the common issues found during home inspections in this area?