21 October 2024 | 4 replies
The real rehab once you get in there is 56k cause you had some unforeseen costs and your real exit is 205k cause you wanted to get out of the project.

18 October 2024 | 5 replies
Milton certainly did some damages to my rentals in Orlando.

20 October 2024 | 8 replies
One thing that might be causing an issue is that the house has a cesspool (normal for this area) that's less than 100 feet from the well, so due to FHA standards we can't sell to FHA buyers, just buyers with conventional financing or cash.

15 October 2024 | 24 replies
In my state (PA) a tree falling and causing damage to someone else's property only creates liability for the owner of the tree if the tree was known to be in poor condition or if the owner should have known it was in poor condition.

24 October 2024 | 27 replies
Anything that actually comes into our possession goes into our tithe calculation.In addition to tithing, we try to give to charitable causes when we can, but we don't do it as often as I would like.
30 October 2024 | 94 replies
Unfortunately 10 units proved to be too much for my property manager at the time to handle, (a mix of them being bad at their job and also that they were just shady) which slowed me down and I had to do some damage control before buying more.But the mix of different strategies and partnerships for financing taught me a ton and helped me learn firsthand how they work, so I don't regret a thing!

18 October 2024 | 4 replies
This home had a HUGE delay that cost us thousands of dollars.The group that put in the underground plumbing dug the plumbing too low, and by the time we caught the mistake, the slab had already been poured and the septic tanks installed.We had to dig up the septic tanks, install a lift station, and reinstall the septic tanks.This all happened during 2 hurricanes, which caused even more delays.Time kills deals.This is why you need to 1) be conservative with your timelines and costs, 2) add contingencies to your budgets, and 3) have a healthy profit margin.

17 October 2024 | 26 replies
There are certain individuals that are in your face selling their products/training and it has caused a negative reaction on Bigger Pockets if certain individuals were promoting Sub2.

15 October 2024 | 3 replies
Years ago, I could file claims for small, even minimal, damages on my rental properties, like a few fence pieces blown off during a storm.

14 October 2024 | 16 replies
One will not cover damage covered by water damage 'from above' and then theother will not cover damage caused by water 'from below' (flood) and then they cross reference them and don't pay at all.The good ole Insurance people will do anything to not do their job, which is to pay for their clients damages.There is $$ available through FEMA, but it isn't much and good luck getting it.Question is......even if you can get some money do you rebuild in the same locations?