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19 October 2024 | 6 replies
. 🎉 I’m still finalizing things with my lender, but before I move forward, I want to be 100% sure I’m covering all the key steps.Here’s the checklist I’ve put together so far:Home inspection – to catch any hidden issues.Appraisal – to confirm the property’s value matches the offer.Financing contingency – securing my loan approval without surprises.Title search – ensuring there are no liens or legal issues.Seller disclosures – reviewing any known problems upfront.Neighborhood research – making sure the area fits my investment goals.Are there any crucial steps I’m missing or anything you think I should focus on more?
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19 October 2024 | 3 replies
You should confirm zoning allows it, then talk to the neighbors to ensure they are OK with it.
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18 October 2024 | 2 replies
Ensure proper documentation and usage of addendums.
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20 October 2024 | 8 replies
Additionally, you can rent it out as an LTR during the off-season to ensure a steady cash flow.
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19 October 2024 | 25 replies
However, challenges remain, particularly with balancing environmental concerns and ensuring that new developments cater to lower-income families.
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18 October 2024 | 3 replies
It might be worth double-checking that estimate to ensure it's accurate for the area.Other than that, your costs and estimates look solid, but I'd recommend re-running the numbers with these tweaks.
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21 October 2024 | 21 replies
Additionally, these investors can provide warnings about potential red flags, ensuring you hire reliable contractors and property managers.
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21 October 2024 | 15 replies
He agreed to make the necessary steps the ensure im left with the property i invest in.
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23 October 2024 | 27 replies
Ensure the appraiser accounted for things like the square footage, recent improvements, location benefits, or other factors that impact value.
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21 October 2024 | 13 replies
You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.Creating an LLC in California could cost you a minimum tax of $800 every year.