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4 November 2024 | 34 replies
If the buyer has proof of completing multiple projects and their real estate agent has a documented business history they are probably not wasting their time playing a game about a POF as failing to perform is just a waste of everyone's time (may have legal fees incurred as well).If it's an unknown newly formed LLC, an offer with minimal cash to escrow, with a shady attorney and realtor, I'd then be taking a hard look at proof of funds.
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31 October 2024 | 9 replies
I'd recommend shopping local since local HMLs would be more likely to fund your deal.
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5 November 2024 | 34 replies
We've helped a lot of our members trouble shoot and make minor tweaks to their properties to improve the performance.
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31 October 2024 | 2 replies
most insurance carriers are middle men who broker a connection to a construction policy carrier and add 10% on top for themselves. the key is to find an insurance broker that the construction policy company pays to derive business for them so you get your policy at cost and will help shop with multiple providers to get you the most competitive terms
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1 November 2024 | 5 replies
Waiting too long to refinance can also leave you with less favorable market conditions.Neglecting to Build Relationships with Lenders:Many investors assume refinancing will be easy, but without building good relationships with lenders or shopping around for the best terms, you could end up with a deal that doesn’t work for your investment goals.Ignoring Cash Flow:Some investors get caught up in the equity gains and forget about cash flow.
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1 November 2024 | 19 replies
I would also have a pre and post plumbing test performed.
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1 November 2024 | 48 replies
I am about to submit to the IRS my log of 500+ hours working in the STR business, most of which come from communicating with guests, cleaners, maintenance people, Airbnb, VRBO, and managing supplies, shopping, bill paying, pricing, calendars, all the daily and weekly tasks.
29 October 2024 | 8 replies
When we last did major shopping around, did use a broker (McClone Insurance in Madison which used to be the Neckerman Agency if you are in the area and recall that name).
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2 November 2024 | 8 replies
The setting in which the experience was gained plays a role in determining what constitutes a qualified and responsible person and what types of experience documentation may be acceptable.It goes on to list pretty much anybody related to construction fields, including homeowners you perform work for.
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3 November 2024 | 10 replies
Although it was determined to not be needed, i did a repipe on the property, and performed cosmetic upgrades.