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18 October 2024 | 8 replies
Before a walkthrough and before signing a contract is it appropriate to ask the seller of a small multi family for:1.Rent Roll2.Property Tax Bills3.Utility Bills (last 12 months) (landlord pays all utilities)4.Income & Expense Statements (summary)5.Lease Agreements (Sample or Overview)6.Recent Maintenance Records (summary)7.Capital Improvements Summary
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20 October 2024 | 84 replies
What's next pay their utilities for them.....?
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19 October 2024 | 4 replies
I think the one DETACHED 2 bed 2 bath ADU that is being built off a converted garage + extension is perfectly OK and there is no question there.I think the grey area is around how you go about turning a 5 bed 3 bath existing living unit that is currently the downstairs of the main structure, into 2 2 bed 2 bath units, one of which is classified as a main unit and the other classified as a ATTACHED ADU.I have heard there are some rules disallowing converting existing living space into ADUs that may make this difficult.
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19 October 2024 | 0 replies
Utilize Off-Market DealsOff-market deals are valuable because there’s less competition and potentially better terms: Direct Mail Campaigns: Send targeted mail to owners of distressed, vacant, or inherited properties.
18 October 2024 | 0 replies
The house is my mailing address, all the utilities are in my name.
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18 October 2024 | 2 replies
Choose to conduct due diligence in-house, hire a third-party company, or utilize the property management company.
21 October 2024 | 4 replies
As with any type of investment, investors should list the estimated costs to calculate their potential profit.Costs to consider on fix-and-flipsRepairs (always be conservative)Carrying costs (interest, points)Monthly costs (utilities, HOAs, insurance, taxes)Buying costs (back taxes, cash for keys, liens, code violations)Selling costs (commissions, closing costs, transfer fees, title insurance)Unexpected costs (add $5,000 to be safe)These are the basic costs investors should consider.
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17 October 2024 | 10 replies
Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.
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18 October 2024 | 15 replies
They charge you utilities for anything over $250/tenet.
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20 October 2024 | 6 replies
Last think to consider when purchasing a home is utilizing a 401k loan if you have a 401k established.