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11 November 2024 | 36 replies
If accepted, I have my inspector inspect the property and provide me a report on the state of all systems and structural. then I use this report to build my scope of work and know what repairs need to be made. then I type out this list and solicit bids from 2-3 contractors/GCs/ handymen depending on the nature of the rehab.
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6 November 2024 | 12 replies
Is there a peak season, or does Gulf Shores have a consistent flow of visitors year-round?
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9 November 2024 | 44 replies
Does the mortgage stay on their credit reporting?
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14 November 2024 | 30 replies
A property manager will charge you 20%, but there are other ways to do this.For a first time investor, you may just want to do LTR first so you have a consistent amount coming in and if it cash flows you can add to the principal or reserves.
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9 November 2024 | 7 replies
Politely but firmly emphasize that access is required to maintain a safe, habitable home.Propose Multiple Appointment Options: Offer a few specific dates and times for the repairs, emphasizing that this is to address her reported issues.
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10 November 2024 | 12 replies
After a transformation, I import information from Stessa (it auto-injects info from banks) into a relational database, run a few queries, and then do a cross-tab query to bring it all together into a report.
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11 November 2024 | 4 replies
Blue County = High taxes, pretty simple :)at $300 a month in taxes that’s a cash flow killer, you will need to go to the board next year and request an adjustment if possible, you may get granted but you will need to have a good report presented to the board with comps that are very similar to yours, but again it will be difficult because your property uncapped and it will never go back.
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8 November 2024 | 18 replies
if you have limited resources, you need to plan accordingly to your budget.if your budget is Zero, you need to use free marketing methods like calling all FSBO in your area and landlords with houses that are outdatedif your budget is $250 you can use other strategies like skip tracing, driving for dollars, cold calling or door knockingif you have a larger budget you can do Direct mailing campaigns but to hard to find list, where the competition is small Adjust your marketing based on your monthly budget and be consistent for 3 to 6 months to see resultsIf you don't have lots of capital, consistency if the key over time
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13 November 2024 | 17 replies
One is they want to know your down payment isn't coming from credit that doesn't already show on your credit report.
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13 November 2024 | 14 replies
It also gives the people you stay with reporting to the credit bureaus when they make their payment on time as a perk.