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6 August 2024 | 54 replies
Maybe this is d class area where collecting rent has challenges, inspection should be done often, lots of tenant conflict, etc.
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6 August 2024 | 29 replies
Commercial brokers will know more becasue they have to... they get the contract and hand it off and the deals i have done there i get inspection addendum's written by the attorneys and boy that is very dysfunctional.. no explanations as they are getting flat fee's and spend zero time doing what needs to be done to keep transactions together the little things the public does not see. but anyway thought provoking.... 100.00 and hour is a pittance to a seasoned agent.. don't see that flying.. but to a mid level or starter who comes from a back ground of getting paid by the hour..
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4 August 2024 | 5 replies
There's also regular inspections of both the living conditions and conditions of the home, and I've known some LLs in my area to fail for really stupid things (like a broken screen that the tenants must have broke), and if you fail no money until you pass.
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6 August 2024 | 38 replies
I'd encourage you to find an investor-friendly agent who has read a lot of inspection reports and knows how to spot issues.Connecting with a local agent who has experience with multifamily investments can be incredibly helpful.
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5 August 2024 | 2 replies
After the first inspection I knew this was a complete gut and remodel.
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3 August 2024 | 5 replies
You can generally place a voucher tenant in any property.In order to place a section 8 tenant you will have to pass an initial inspection as well as an annual inspection where they tend to be more strict and have you fix things that you may not have addressed for a market tenant.
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4 August 2024 | 4 replies
I would get a water quality test though, included in your home inspection.
3 August 2024 | 4 replies
If it's spotted by an inspector during an inspection or the CL100 (pest inspection), it will be noted in the report.
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3 August 2024 | 10 replies
Here's what comes to mind for me- Documentation is key: Gather all relevant documents, including permits, inspection reports, and the county record of the septic system installation.- Consult with a real estate attorney: While you're right that legal fees could exceed $6k, a consultation could provide valuable insights on your liability and options.- Review your insurance policies: Check if your flip insurance or any other policies might cover this type of situation.- Communicate with the county: Try to negotiate with the county officials.
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4 August 2024 | 4 replies
If proceeding to seller finance, or assume the loan, should I get an inspection on the property, should I get an appraisal?