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21 November 2024 | 12 replies
In general, properties being wholesaled are distressed and being sold as is.
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19 November 2024 | 6 replies
Hello,I sold 2 properties at a loss in 2023, and one property for a small gain in 2023.
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15 November 2024 | 10 replies
Multiple tenants cannot pay, tons of bugs on the backend, User Interface doesn't load 30% of the time, the support team is based in the Philippines and they have no idea what they are doing just copying and pasting scripts.
15 November 2024 | 14 replies
For books I would recommend theseSee if you can get a copy of The Millionnaire Real Estate Investor by Keller.The Slight Edge and Atomic Habits too.Thank you and I will add those to my list, atomic habits is coming up soon after a few others in line.
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21 November 2024 | 305 replies
On another note, is there any chance you'd be willing to share a generic copy of one of your leases?
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20 November 2024 | 18 replies
I sold a property last year that required the owner to get a certificate of nonconformity to be a legal two family.
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13 November 2024 | 9 replies
As an investor-focused agent in the Cleveland market I always have my clients write the following contingencies in when buying a house that's tenant occupied:1) Offer contingent on home inspection- usually a 7-10 day contingency period, this contingency allows you to either A) move forward with the deal B) renegotiate the price if issues are found, or C) walk away from the deal2) Offer contingent on appraisal if you're going financing3) Seller to provide copy of current lease agreement4) Seller to provide a rent roll/tenant ledger with proof of payments received5) Seller to provide copies of 3 previous months of any utilities paid by the landlord6) Seller and tenants to fill out Estoppel Certificate.
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17 November 2024 | 13 replies
I actually just sold an older property because there were too many repairs, so I was hoping to find something more hands off as I am an out of state investor.
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20 November 2024 | 14 replies
We haven't bought or sold anything since before Covid.
19 November 2024 | 28 replies
The second of two homes I bought when I sold the rental, I would have bought a more expensive one as the one I got was close to the university and tended to attract students which had higher turn over (though it may also be my local market).I'd also look up how to do a 1031 (I think that is what it's called, I'm not in the US) where you defer capital gains taxes on rentals by buying another within a set period of time.