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29 December 2018 | 10 replies
AsbestosIf an area of the home contains asbestos that appears to be damaged or deteriorating, the FHA requires further inspection by an asbestos professional.BathroomsThe home must have a toilet, sink and shower.
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1 January 2019 | 14 replies
I also like the idea of isolating the space containing all of these components if that is feasible.
24 December 2018 | 5 replies
For legal, insurance and any other related purposes, I believe your attorney would strongly suggest you either let the lease go M2M, or replace the existing lease with your new lease (in your name or your company name), but do not create and execute an extension on someone else's lease.Most leases contain language that turns a long-term lease into a M2M upon expiration.
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23 December 2018 | 8 replies
It you communicate your rental criteria to prospective tenants in advance before accepting an application and application fee (required in Washington State), you would not run into this problem.It's perfectly fine to reject an application or approve it with conditions based on legal rental criteria.You may want to use a standard form, such as an "Adverse Action Notice".Here's some information from the one we use:----------ADVERSE ACTION NOTICEApplicant name ____________Applicant mailing address ___________This notice is to inform you that your application to rent the property located at ______________ has been:[] Rejected[] Approved with conditions:[] Residency requires an increased monthly rent of $_____[] Residency requires increased [] fee or [] deposit of $ _____[] Residency requires last month’s rent[] Residency requires a qualified guarantor[] Other requirementAdverse action on your application was based on one or more of the following:[] Information contained in a consumer credit report *[] The consumer credit report did not contain sufficient information *[] Information received in a criminal record[] Information received in a civil record[] Information received from references[] Information received from previous rental history or reference[] Information received from employment verification[] Inaccurate, false, or misleading statements or missing critical information on the application*If you were rejected based on a consumer credit report, you can request a copy of your credit report for free from the below-checked agency.[] Experian[] Equifax[] TransunionDated this day of ________.Agent/Owner Signature _________
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2 January 2019 | 4 replies
The irony is duplex contains a higher risk because of the smaller returns.
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26 December 2018 | 3 replies
For example, if you are looking to connect with other members near you, want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could start your search here: https://www.biggerpockets.com/search/usersI really like the alerts feature that can quickly guide you to current topics that might interest you: http://www.biggerpockets.com/alertsThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides
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2 January 2019 | 4 replies
Just put a wildcard in the name and "contains investments or properties".
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4 January 2019 | 7 replies
I liked the shelving in the laundry area (most buyers would appreciate that).I personally would stain the fence (you have 2 different colors), pull all of the garbage cans/yard debris containers and take a new picture.
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3 January 2019 | 6 replies
The basement is open with a full bath (we recently added during a sewer upgrade); the 1st level contains the kitchen, living, dining, and mud rooms; the 2nd level contains two beds and one full bath; the third level contains two full bedrooms (a large, nicely converted attic).
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31 December 2019 | 15 replies
I like keeping my personal references personal through direct message for the same reason BP prefers keeping their event posts contained only in their Events & Happenings section, to minimize on clutter in the general forums.