Sateesh Kumar
Sell triplex and buy 12 plex in Oakland good idea?
12 July 2024 | 42 replies
To clean it out was $3000.
David Pulido
Referral Fees Inquiry
10 July 2024 | 6 replies
The way we look at it however is this sort of situation would be OK - but its a one time referral fee - any sort of arrangement with a long-term referral fee / borrower protection is reserved for true professional mortgage brokers - who like @Chris Seveney mentioned, would be doing more legwork on the deal vs. a simple and clean referral handoffvia CFPB on referral fees for business-purpose hard money loans:§ 1024.5 Coverage of RESPA.THIS VERSION IS THE CURRENT REGULATIONView all versions of this regulationSearch this regulationRegulation X(a) Applicability.
Brett Riemensnider
Remodeling My First Unit On First Investment Property!
9 July 2024 | 6 replies
This AC unit was super easy to set up and install, and is also wifi-enabled so you can see exactly how much power you/your tenants are using via the GE app, as well as giving you alerts when the filters need to be cleaned (pull-out reusable filters are very convenient and easy to maintain).
Alan Asriants
The realities of real estate investing - even if you own turnkey properties
8 July 2024 | 3 replies
Just like a normal turn over all that was really involved was a quick refresh of the apartment a light cleaning and that's it.
James Brown
[Calc Review] Help me analyze this deal
9 July 2024 | 4 replies
A yearly HVAC servicing, a gutter cleaning, etc. 3.
Dewey Paxon
Advice on a hard decision (should I sell my STR in the Dominican Republic)
9 July 2024 | 16 replies
As to the sargassum, given the importance of tourism for the country and the importance of Punta Cana for tourism, they have no choice but to keep fighting and cleaning, whatever the cost.
San Ly
Seeking advice on buying a house in Coastal NC for Airbnb
8 July 2024 | 3 replies
Do you have a lender/ property manager/ cleaning team that you highly recommend?
Jamie Banks
MTR Operations + Lessons Learned
10 July 2024 | 17 replies
We have carpet upstairs but are willing to have the tenant bring pets but I want to make sure that if we needed to deep clean or even rip out that carpet after their stay that we'd be covered.
Ross Francis
Maine-tenance on multifamily
8 July 2024 | 2 replies
As a hard money lender who works with many investors in the Portland area, I can share some insights on maintenance costs for multifamily properties in this market, though individual experiences may vary:Lots of investors report a slight decrease in maintenance costs during winter months, bc of:- Fewer landscaping needs - Less wear and tear on HVAC systems (as heating is generally less intensive than summer cooling)- Reduced tenant turnover in winterWinter-specific issues can arise:- Potential roof repairs due to heavy rain or occasional snow- Gutter cleaning and maintenance to prevent water damage- Heating system repairs or maintenancePortland-specific factors:- The mild climate helps reduce extreme weather-related maintenance issues. - Older housing stock in some areas may require more upkeep. - Strict local regulations can also sometimes increase compliance-related maintenance costsCost-saving strategies I've seen help:- Preventative maintenance programs can help reduce overall costs obviously - Some investors report success with in-house maintenance teams for larger portfolios- Energy-efficient upgrades can help reduce utility costs in the long runYour specific costs will depend on factors like the age and condition of your properties, your management style, and the specific neighborhoods you're invested in, but hope this helps!
Vincent Gamboa
Can you wholesale a deal won at the auction?
10 July 2024 | 35 replies
With the delayed settlement agreement, would give you time to clean the house up a little and market the house using the short date sale method.