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18 November 2024 | 9 replies
Hey @Fernando Carlo have you checked out the Property Management Company search in the Build Your Team tool?
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22 November 2024 | 28 replies
@Jordan Ryan I highly suggest teaming up with a broker who you'd want to build a relationship with and truly understands the ins and outs of different underwriting guidelines for fix & flip and DSCR loans.
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11 November 2024 | 10 replies
I have just been notified that the house I am in contract with--that currently has tenants renting out--has been late with their rent for the last 3 months due to a job loss. I just got confirmation he got a job but o...
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19 November 2024 | 10 replies
Another sound reminder to leverage a team of experts.
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14 November 2024 | 3 replies
That being said, here’s what I would recommend for a thorough DD process:-Build a plan in advance (setup a spreadsheet, meet with the team, etc)-be prepared to take a lot of pictures -document notes with each room (we use notes on Apple and share it with the team)-align the team on standardizing information (example: what does “bad” mean, what does “okay” mean, etc - everyone looks at things differently and you want to make sure the notes are accurate during your debrief)-bring in professionals for things you can see, like sewer lines hope this short list helps!
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16 November 2024 | 3 replies
Work directly with on-site Construction Project Manager to insure project construction is per plans and specifications from start to finishProvide supervision of sub-contractors on project siteAssist to ensure construction activities move according to pre-determined scheduleCommunicate effectively with SubcontractorsDaily inspections and presence on project siteIdentify any project design and construction issues and bring to management team.Oversee and report progress of project against project plan scheduleCoordination with Construction Project Manager, all necessary work flow schedules and monitoring of same to insure all deadlines are metInform Management Team of work progress and of all significant matters relating to the projectDevelop strategies to promote efficient and cost-effective work practicesAbility to step into and perform duties on an existing under construction multi-family project.Recommendations will be required.Thank you,Anat
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15 November 2024 | 4 replies
and how do you know your getting the real title and not an old title which the seller later filed for a lost title and got a new one which then had the recorded lien?
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14 November 2024 | 13 replies
Quote from @John Mason: True Having a solid team around you like agent, lender etc.
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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.
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20 November 2024 | 12 replies
STR/MTR seem like a lot of work up front, particularly vetting a team.