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16 November 2024 | 4 replies
They have millions in lawsuits against them and are in default on multiple loans that I’m personally aware of.
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16 November 2024 | 14 replies
What happens if you start raising rents and everyone moves out.
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21 November 2024 | 23 replies
Now for my out-of-pocket expenses:Down payment: $7500 (Hard money loan 90% purchase price 100% rehab)Closing costs: $6500Inspection: $400Agent's commission: $5200 (didn't raise purchase price of house with seller concessions, so that money didn't apply to the commission sadly. won't make this mistake again)Holding costs: $1300 (one interest-only payment of $770, roughly $200 in utilities and $360 in insurance)Total: roughly 21 grand.
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16 November 2024 | 3 replies
When managing a rental property, here are some common maintenance expenses to be aware of.
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20 November 2024 | 45 replies
But hey when things were white hot a few years ago we lowered our BAC by 50% then as rate rose and sales got tougher we raised our BAC and now we are back to negotiating each one..
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15 November 2024 | 7 replies
Honestly, that is all the insurance company needs to report the loss and raise your insurance next year.Good Investing...
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15 November 2024 | 3 replies
If you’re on a tighter budget, corrugated steel is a good compromise, offering a solid roof at a more affordable price, but just be aware that it might require a bit more upkeep down the line.Best of luck with the roofing decision.
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17 November 2024 | 32 replies
If the landlord was aware of his past, yet rented to him anyway - any lawyer worth their salt would make a nexus between those two pieces of information and create a liability claim.In addition to the extreme negative press you would get, it also takes time, money and energy to defend a lawsuit you will eventually win.
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17 November 2024 | 8 replies
In terms of it raising any questions in UW, not at all.
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16 November 2024 | 9 replies
It's your property, as long as you give proper, written notice, which is 24 hours in every state that I'm aware of, you can enter.