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6 January 2025 | 1 reply
To evict a tenant based on a lease violation such as hoarding would require you to notify them and then give them an opportunity to fix the situation.
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9 January 2025 | 28 replies
First off, all high skill requiring items let's remove those.
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10 January 2025 | 13 replies
If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.
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19 January 2025 | 41 replies
I'm sure your lease and the law require the tenant to return the property in the same condition it was received, minus ordinary wear and tear.I would file again.
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11 January 2025 | 9 replies
-Leverages your current momentum and enthusiasm for investing, potentially accelerating your path to financial freedom.Cons:-Requires managing two properties, which could add stress unless you already have a system in place (or plan to hire a property manager).
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2 January 2025 | 3 replies
I’m unsure what kind of notice I need to give them—does it work the same way as residential leases, requiring a 120-day notice?
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4 January 2025 | 2 replies
It’s also worth verifying if Beaumont and Port Arthur have any specific contractor registration or insurance requirements, as local compliance can sometimes impact project timelines.
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5 January 2025 | 5 replies
you can use hard money to buy a BRRRR - will still require a down payment - and then refinance.
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2 January 2025 | 0 replies
Single family house, which required smaller down-payment and little cosmetic repairs.
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4 January 2025 | 1 reply
Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?