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2 July 2024 | 26 replies
The rehabs also do not provide me the same sense of accomplishment/entertainment as they once did which is also why this may be my last project as GC I plan on using a GC next time but have zero regrets having been the GC on numerous efforts.
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1 July 2024 | 6 replies
So, we obtain a full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc. to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyPublic RecordsWe also obtain data from national databases about evictions, convictions and sex-offender histories.
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2 July 2024 | 29 replies
So you obtain 25% equity for 12% (or ~$37k sweat value earned in your case).
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30 June 2024 | 6 replies
Permits: Clarify who is responsible for obtaining necessary permits!
28 June 2024 | 7 replies
I inherited my father's home and am entertaining someone who has cash offer for the house.
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30 June 2024 | 7 replies
You can specify blackout dates when the property is not available for rent if you wish to use it personally during certain times of the year.Legal and Regulatory Compliance: The management firm will ensure that the property complies with local laws and regulations concerning rental properties, including obtaining any necessary permits and adhering to zoning laws.Maintenance and Repairs: Property management firms often take care of routine maintenance and emergency repairs, ensuring the property is well-maintained and ready for tenants or guests.This arrangement allows you to enjoy your second home for part of the year and generate rental income when you're not using it, with minimal effort on your part.
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3 July 2024 | 40 replies
Modular building is a good solution but there are nuances for obtaining ROI.
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28 June 2024 | 46 replies
I have ordered Denise Evans book.I think I should also work to lower the taxes on any properties I obtain, not by rezoning but rather attempting to adjust the appraisal value.
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29 June 2024 | 3 replies
Occasionally this presents investors with an opportunity to avoid a formal mortgage qualification process and obtain their mortgage privately from the seller(s) directly.
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29 June 2024 | 12 replies
My gut tells me I need my own liability protection--I'm in business with Airbnb but don't exactly fully trust them--but like I said, it's difficult and expensive to obtain.