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8 May 2024 | 6 replies
Utilize the County's property search website to identify the names and mailing addresses of those owners.
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8 May 2024 | 8 replies
Just make sure they exist.Second, make sure you can identify a good property.
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9 May 2024 | 15 replies
Get more quotes if you go this direction.But first, you need to identify what is really causing this problem.
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8 May 2024 | 4 replies
In addition you can identify a property that performs better as a rental as yours most likely was purchased as a place you would like to live in and not what works best as a rental property.
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9 May 2024 | 8 replies
It’s also great to identify desirable locations within the resorts - homes with private views or near the clubhouse.
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8 May 2024 | 0 replies
Furthermore, understanding the resident characteristics allows me to measure the target market and modify my investment strategy accordingly.Inspection ChecklistSituations vary from one property to the next, but here is an on-site inspection checklist to get you started:Interior Units:Inspect vacant units, including one of each finish out type (Classic, Reno, etc.).Check all down units.Inspect one unit from each unit mix.Exteriors:Landscape:Look for overgrown bushes.Identify trees that need trimming (no branches hanging over the roof).Take pictures of the following:Curb appeal on all sides facing the street.Landscape around the office and amenities.Overgrown bushes or trees.Any dead landscape.Areas that may need sod or mulch.Assess drainage:Ensure water flows away from building foundations.Check slope, gutters, downspouts, surface drains, French drains, etc.Exterior Walls:Determine the existing material (wood, vinyl, Hardie, brick, stone).Assess the condition of the walls.Note if painting is required.Take pictures of each building, including building number, each elevation (clockwise), and any breezeways or niches.Windows:Evaluate the condition of existing windows.Consider whether solar screens should be installed.Roof:Identify the type of roof.Assess its condition and age.Parking Lot:Check for potholes.Assess the need for restriping.Note whether the parking lot is concrete or asphalt.Evaluate drainage issues.Walkway:Look for tripping hazards.Assess drainage issues.Foundation/Gutters:Inspect for cracks in the brick.Check for separation in corners from fascia and trim boards.Evaluate drainage and identify poor drainage areas.Amenities:Identify possible improvements.Consider adjustments or additions that can enhance amenities.Talk to the Staff:Maintenance: Inquire about the physical condition.Office: Discuss current residents, delinquency, and potential changes to add value.Assess whether rents are too high or too low.Confirm rents and what is included/not included.Confirm other sources of income and associated charges.Confirm occupancy, pre-release, and vacancy numbers.Note: Maintain professionalism and avoid insulting the owner or broker, regardless of the property's condition.Keep in mind that investing in real estate is like solving a puzzle—you need all the pieces to see the big picture.
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8 May 2024 | 7 replies
However, the value of your labor generally cannot be included in the cost basis for depreciation purposes.Accelerated Depreciation: A cost segregation study would identify components of your property that can be depreciated over shorter periods, such as personal property and land improvements.
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7 May 2024 | 1 reply
Hey BP Community,I am starting to look for a BRRRR deal in the Sacramento area and would like to know if anyone with investor experience could help me with identifying the Class for the Sacramento area.
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7 May 2024 | 2 replies
Oh wait, you're going to tell us that your family & friends 100% percent know how to identify potential deals for you and you are always top of mind?
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7 May 2024 | 7 replies
The process of identifying a quality applicant is extremely difficult now with the amount of fraudulent paystubs, bank statements and IDs.