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18 October 2024 | 8 replies
Before a walkthrough and before signing a contract is it appropriate to ask the seller of a small multi family for:1.Rent Roll2.Property Tax Bills3.Utility Bills (last 12 months) (landlord pays all utilities)4.Income & Expense Statements (summary)5.Lease Agreements (Sample or Overview)6.Recent Maintenance Records (summary)7.Capital Improvements Summary
18 October 2024 | 0 replies
The house is my mailing address, all the utilities are in my name.
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13 October 2024 | 54 replies
You have to work w/the utility companies so why would that be illegal ?
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18 October 2024 | 2 replies
Choose to conduct due diligence in-house, hire a third-party company, or utilize the property management company.
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15 October 2024 | 10 replies
I've been advised by a local investor to look off market and utilize seller financing as I don't have much capital to work with nor the 2 years of employment records needed for a bank loan.
21 October 2024 | 4 replies
As with any type of investment, investors should list the estimated costs to calculate their potential profit.Costs to consider on fix-and-flipsRepairs (always be conservative)Carrying costs (interest, points)Monthly costs (utilities, HOAs, insurance, taxes)Buying costs (back taxes, cash for keys, liens, code violations)Selling costs (commissions, closing costs, transfer fees, title insurance)Unexpected costs (add $5,000 to be safe)These are the basic costs investors should consider.
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18 October 2024 | 15 replies
They charge you utilities for anything over $250/tenet.
17 October 2024 | 2 replies
We would be installing a street and double stacking townhome style units on each side.I part I don’t have experience with necessarily is how to better understand infrastructure and site work cost (road, utilities, excavating, etc.
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20 October 2024 | 6 replies
Last think to consider when purchasing a home is utilizing a 401k loan if you have a 401k established.
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20 October 2024 | 14 replies
Even if you own in cash, utilities, insurance, and taxes cost you money every day you hold.