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23 September 2024 | 25 replies
You can identify the hotspots for crime, school levels, income levels, where there is dilapidated homes, then based on the age and condition of the property gauge where the property stands in class, happy to talk further.
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20 September 2024 | 2 replies
Each case/scenario could be slightly different so the advice received here on BP may not be 100% accurate for each specific condition.
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20 September 2024 | 9 replies
Hello everyone, I've done 3 buy and hold rental properties, and now I want to do flips, I need investors and I have some that have shown interest, in addition to speaking to private lenders that are willing to fund 70% of the LTV (based on the desired property)I'm seeing a lot of deals from wholesalers, but the problem is, some of them close in 2 weeks and some as long as a month, and they don't take conditional offers, and the good ones fly off the shelf really quick.My question is, how does someone like me close one of those deals within this short period, how do you arrange the equity and financing with little to no inspections sometimes even.I'd like to know how do I prepare myself to be able to close one of these good deals right away when they are offered to me and many others?
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20 September 2024 | 73 replies
For example, if you plan to buy a home with a mortgage but you fail to make financing one of the conditions of the sale--and you aren't approved for the mortgage--you can lose your deposit on the home and could even be sued by the seller for failing to fulfill your end of the contract.An experienced real estate agent deals with the same contracts and conditions on a regular basis, and is familiar with which conditions should be used, when they can safely be removed and how to use the contract to protect you, whether you're buying or selling your home.4.
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16 September 2024 | 2 replies
Is there a way to pass along the cost to tenants who have chronic problems with causing smoke by burning their food etc.?
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20 September 2024 | 2 replies
In these instances, you'd have to check things like flooring, plumbing for leaks, roof for leaks, hot water heater, and heating and air conditioning units.
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19 September 2024 | 1 reply
This would normally depend on the condition of the property and the Condition of the tenant.
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19 September 2024 | 12 replies
I think BRRRR can still work really well under 2 conditions: 1) you have another substantial source of income and your capital is somewhat renewable (I don't) or 2) you're willing to compromise on your target areas and move to secondary, tertiary, or out of state markets (I am not) or 3) you're very lucky and/or skilled at acquisitions (I am from time to time).
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21 September 2024 | 71 replies
It just is harder or easier depending on market conditions (and investor deal flow).
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20 September 2024 | 11 replies
Since you're in FL, mobiles are prone to severe weather conditions which has happened time and time again in the past.