Ben Lindquist
Qualified Intermediaries - Any good or bad experiences?
17 December 2024 | 8 replies
Is it segregated (only my funds in the account)- do you have an attorney on staff that reviews exchange docs and keeps them current - what is the typical time for your staff to complete an exchange ( you want to get a feel for if they are understaffed and can they get the work done on your time frame)- how many exchanges do you do a month- what is your errors and omissions insurance through, can I get a copy- what is the amount of your fidelity bond - for each occurrence- what protections are in place to prevent wire fraud- will my funds be used by the company for outside investments (goes back to the type of account funds are held in)- who will be my contact during the exchange (goes to customer service, you want one contact who you can reach by telephone)Investors should keep in mind that it is their money they are placing with a QI to hold for a short period of time and be sure they feel comfortable with the company they choose to perform this role.
Kyle Fitch
Why Real Estate Over Stock Market?
6 January 2025 | 57 replies
Then again, I have had leaky roofs and tenants who clog sewer pipes which all take away from the bottom line.
Rich Emery
DSCR without penalty for selling early?
19 December 2024 | 15 replies
Almost all DSCR loans will have either A) a prepayment penalty which prevents you from selling or refinancing within a given period without paying a cost, or B) a combination of higher rates and points to offset the lack of a prepayment penalty.
Richard Gann
3 Factors to Consider in Exchanging Your Oregon Rental Property
16 December 2024 | 1 reply
From screening to security deposits to eviction, recent laws create many ways for owners to trip and fall.And now Multnomah County has prevented landlords from evicting delinquent tenants.
Catherine Javier
Keep, refinance or sell?
18 December 2024 | 15 replies
I've seen numerous QI's fail during my 40 years in the business, and most of the failures would have been prevented had their been government oversight.
Mark G.
What are your favorite tools/software for Fix-N-Flip
21 December 2024 | 12 replies
The appreciation will prevent it from losing.
Levi Perl
Cash out refi now at 70% LTV or season and wait to do 80% LTV?
9 December 2024 | 15 replies
Meanwhile, waiting 4 months will cost me $3,500 in interest, - though less than a second DSCR - and will prevent me from making another purchase and rehab, which I potentially can do all in 4 months.
Josh Madigan
Gatlinburg STR Permit - Large 6br pool cabin - Letter from Fire Marshall
10 December 2024 | 17 replies
A sprinkler system isn't going to prevent a cabin from going up in flames if the trees around them are on fire.
Lauren Cutchen
Tenant keyed Stainless Steel Stove
6 December 2024 | 5 replies
Always buff in the direction of the grain with a soft cloth to prevent further damage.
Peter Firehock
Alexandria City Virginia (Washington D.C. Suburb) Buy and Hold Investment Thesis
18 December 2024 | 3 replies
Due to past poor management of the environmental infrastructure, the river has become illegal to swim in in certain parts, and after rain falls the entire river is off limits to swim or fish in due to the heavy amounts of pollution ending up there that the city has not had the infrastructure to deal with in the past.But this all began to change in 2017, when the Virginia General Assembly passed the largest infrastructure project in Alexandria's history to make the Potomac River swimmable, and fishable by the year 2040, and they have made significant progress recently with the completion of the 2 mile long, 100-foot deep Waterfront Tunnel named Hazel.Named after environmental activist Hazel Johnson, the Hazel Waterfront Tunnel will prevent millions of gallons of combined sewage from polluting the region's waterways.