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29 March 2024 | 1 reply
My closing is scheduled for in the morning.It appears that this oversight is the title company's responsibility.
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30 March 2024 | 16 replies
Please do yourself a favor and get that FPE panel replaced immediately, it may appear to be working perfectly for now and there are a lot of FPE panels still in use that haven't caused fires (yet) but just want to make sure you know what you're dealing with: trust me those things are ticking time bombs.
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28 March 2024 | 22 replies
In my experience, most title agent are very familiar with seller financing and if they're unsure as to how to handle a particular situation they can always reach out to the insurer's underwriting department who I'm sure will be able to craft a solution.I just looked at FIG's web site and it appears they are a title agent for both Fidelity National and Old Republic Title.
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28 March 2024 | 10 replies
As a PM, I would be worried if a new owner did not ask me at least some of the following:- Company Specifics: first question should be are they licensed (how many properties do you manage, what type/class of properties do you manage, how many property managers on the team, how many years have they been in operation)- Pricing (what is the cost to manage the property (ies), is there a leasing fee (commission structure), is there an onboarding fee, is there an early termination cost, are there ad-hoc costs for maintenance, tenant screening, or miscellaneous costs - such as to appear in court if you have an eviction)- Service offerings (do you have a maintenance team, do you come equipped with a list of contractors/vendors, do you offer the software and portal access for tenants/owners, etc.)- Financial Services (you (owner) should think about what you want the PM to handle, if it is everything from paying bills to insurance procurement to P&L statements then ask that, if you don't want the PM so heavily involved in financials and just more on the surface level of the operations of the property then that is okay too!
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28 March 2024 | 3 replies
@Jack Anderson You could not have done a cost segregation study before you did the renovations because you did not appear to have had occupancy until mid-2022.
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29 March 2024 | 25 replies
Also, appears in Philadelphia you use hard money debt to finance your properties?
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27 March 2024 | 14 replies
I just looked up the Sacramento STR laws and it appears to be accessory use only, meaning you can rent out a room (house hack) or ADU, but you must be a primary resident of the property and prove it.
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28 March 2024 | 9 replies
And when you account for appreciation that doesn't appear to be changing in the next few years, you could lose more by waiting a year for the "best deal" instead of paying $10-$20k more right now and starting to save from your house-hacking venture.
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28 March 2024 | 22 replies
This is exactly why I don't like/trust AI...We hosts should absolutely have the choice of which photo appears where.
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27 March 2024 | 2 replies
Broward isn’t just experiencing progress; it is embracing it wholeheartedly.In the midst of all the activity Browards real estate sector stood strong with sellers receiving 96% of the asking price showcasing a dedication to excellence that doesn’t waver.Time like a conductor orchestrating lifes symphony appeared to move in harmony, with Broward.The average time it took to secure contracts saw a 4.8% decrease settling at 40 days..