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Results (7,571+)
Courtland Kilpatrick Pros and cons of BRRRR on a REO? Fort Worth TX
17 March 2020 | 1 reply
All that for my question…Is there anything I’m missing (regulatory or other) that would hinder the BRRRR strategy with a cash buy REO?
Cheryl Marks Seller back out of contract
14 March 2020 | 9 replies
If this did not happen, each State Government has a regulatory body that oversees realty firms, realtors, brokers, and title agencies. 
Tony M Batiste How is the Covid-19 affecting y’all’s business?
31 March 2020 | 15 replies
It is very similar to the regular flu so the cure is to hydrate, manage your symptoms, keep your fevers low, eat well, sleep well and let our amazing bodies take care of it.The hysteria is interesting but I am no longer shocked by it as I have witnessed a few snow storms since moving here and the reaction is very similar. 
Kendal West New investor in Milwaukee area. In need of help.
10 April 2020 | 27 replies
You are going to lose your *** financially and maybe some body parts too with all that.
Brendan Chisholm Putting it all into perspective
16 March 2020 | 1 reply
It heals your mind, your body and your spirit.
Michael Wegner People who rent to pets! Advise please and thank you!
20 March 2020 | 39 replies
If you don't you may end up finding the body of a crazy old cat lady with 50 cats in one of your units.All pets need to be spayed and neutered to prevent a house full of puppys/kittens that they finds to cute to give away. 
Jay Hinrichs Cool Drone shot of our first phase of 30 lots in Canby Oregon
20 April 2020 | 15 replies
We have drones from when we bought the dirt and every phase of development.. we will shoot one Friday with the roads all paved.. then as we start the houses.. make for great material to show your body of work.  
Ethan Johnson Analyzing MHP Deal - Buy or Not?
6 April 2020 | 13 replies
The “key” elements of the transaction are explored first and usually, the most intensively.The buyer should provide the seller a comprehensive disclosure statement and include a term in the purchase agreement that obligates the seller to return the document within 5 days of acceptance.Professionals are hired to complete Phase 1, 2 & 3 reports that identify potential or existing environmental contamination and all other elements of elements that are difficult for the buyer to effectively evaluate.Financial Checklist3 years profit & loss statementsRent roll with space number, name of resident, move-in date, renter or owner occupied, number of occupants, monthly rent, additional charges, current balance due and any relevant notes about the residentList of capital expenditures for the last 3 years3 years of tax returns12 months of bank statementsCurrent accounts receivable statementList of park owned home including copies of “rent to own” or sales contractsCopy of all current insurance policies, binders and premiumsSpreadsheet detailing who pays all utilities including water, sewer, gas, electric, trash, cable, etc…For all utilities and charge backs, formulas, calculations and meter readings for the past 12 months3 years of utility billsProperty tax bills for the last 2-3 yearsCurrent staffing list including position, wages, job descriptionsCopies of any contracts that will transfer to buyer including laundry, trash, phone, equipment, etc…Dates and amounts of the last 3 rent increasesSigned rules and leases for each residentNames and contact information of professional service providers including lawyers, accountants, engineers, insurance brokers, inspectors, appraisers, realtors/brokers, etc…Physical ChecklistSpreadsheet for utilities that details age, composition, capacity, physical locations, etc…Any drawings or maps of the park and infrastructure including lot sizesSewer plant or septic system repair and maintenance recordsWater well tests and compliance recordsDisclosure from seller of current or recent problems with infrastructure including buildings, water, sewer/septic, gas, electric, etc…Names and contact information of contractors including plumbers, tree surgeons, electricians, gas inspectors, septic companies, roto-rooter services, etc…Locale ChecklistProfile local housing market:“Stick-built” – current foreclosure rate, months of available inventory, median home price, average rent per month, vacancy rateApartments – average rent per month, vacancy rate, prevalence of move-in specials…MHPs Comps – average monthly charges (rent, utilities, etc…), vacancy rate, # of homes for sale, etc…Profile local economy including population, major employers, unemployment rate and trendsCopies of city, county and state permits, licenses or certificates of occupancyCheck zoning for recent or pending changes to target property and adjacent parcelsCheck for known environmental issues with target property, adjacent parcels or in the communityCheck for major development or construction projects in the communityReview existing surveys or environmental reportsConsider geographic factors including elevation, annual snow fall, rain fall, proximity to bodies of water, etc…Disclosure from seller of current or recent lawsuits, regulatory or compliance issues, fines, fees, etc…
Nate Pucel Question on an accepted offer.
18 March 2020 | 3 replies
Beyond that period you could do so, knowing that you forfeit your earnest money (if relevant in your state).Regarding revising the price -- In my opinion I'd say if your local market is going to pot because everybody, or most bodies, are in your situation then it COULD be worth talking to your agent about. 
Jonathan Conaghan AirBNB is asking Congress to step in and provide relief for STRs
24 March 2020 | 26 replies
Airbnb asked Congress to bump that limit up to 60 days.Finally, the company asked the body to encourage lenders to offer low-interest loans to hosts, using tax cuts or other such incentives...”It will be interesting to see what, if any measures are passed to assist property owners.