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27 December 2024 | 0 replies
Here are a few lessons I learned during the renovation, many of which stemmed from the age of the house and unexpected hidden damages:1.Damaged Plumbing: Several plumbing pipes were ruptured or severely damaged, requiring replacement.2.Termite Infestation: I discovered termites, which led to additional costs for treatment and repairs.3.Rotted Wood: Significant sections of wood in the structure were rotted and had to be replaced.4.Lack of Insulation: There was no insulation in the att Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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24 December 2024 | 8 replies
Where to find/hire a full time, skilled and licensed handyman4.
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28 December 2024 | 24 replies
Even if you are not cash flowing on day one, that's okay (in my opinion), you're not paying the full mortgage on your own, which in of itself is a huge win and you learn other tangible real estate investing skills along the way by simply owning.
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29 December 2024 | 14 replies
I am no professional here, just explaining from my experience.. first, insurance starts claim and they send adjuster out to assess, check damages, and collect documentation.
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3 January 2025 | 18 replies
Depends on the person, but as a professional real estate investor it would be a no brainer for me.
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26 December 2024 | 0 replies
Research contractors better Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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30 December 2024 | 7 replies
Unless you are confident in estimating the renovations needed, I would highly recommend getting a contractor's professional opinion of the rehab costs.
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26 December 2024 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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31 December 2024 | 13 replies
I would not ask for a template from anyone, the better the contractor the more professional the contractor the better they are with documentation and getting things in order for templates.
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28 December 2024 | 16 replies
Show up to court on time, have all of your paperwork ready, be polite and professional, stick to the facts.