Mustafa Shaikh
RAD Diversified Review — It Wasn't Pretty
19 January 2025 | 147 replies
Subsequent images on the site show the property’s progressive deterioration over the years.Another property, a three-story rowhouse at 915 Dauphin St. near the Fairhill neighborhood, underwent a similar decline: Seven months after its November 2016 acquisition by DDH, it too had windows and doors.
Mark S.
preREO - First Mortgage Secured by Vacant Property
24 January 2025 | 42 replies
In judicial states in which the foreclosure process often takes a year or more, this not only generates income, this also typically mitigates property deterioration, vandalism, and other costly issues which diminish the value of abandoned properties which remain vacant for extended periods.
Sha Sing
Has anyone worked with ReadyREI in Saginaw, Michigan
20 January 2025 | 19 replies
Here is what they consider “turnkey”:- The stairs to the basement and front porch were deteriorating and hazardous.-- The carpet was nasty and walls unpainted and chipping.- The bathroom flooring was covered in mold and needed to be replaced.- The kitchen sink was unsecured and fell into the kitchen cabinet.- My insurance was cancelled until I fixed roof issues.- Debris littered the recently occupied unit, the basement, and all over the back yard.As mentioned, we had an initial video walk through before the contract to purchase.
Chris Seveney
Note Investing: Like Watching a Jerry Springer Episode Unfold
7 December 2024 | 18 replies
Meanwhile the property was deteriorating and tenants complained and got Dallas County Housing Authority involved.
Nathan Frost
Update - Detroit Deal
18 December 2024 | 45 replies
Motion lights and cameras to deteriorate anyone.
Kenny Smith
2 MUST adds to your home inspection....
28 November 2024 | 0 replies
.✅ Any home built before 1980, likely has cast iron or clay sewer lines which will deteriorate over time.These issues can be avoided.
Stevie Kim
Money Pit Could Have Been Prevented?
27 November 2024 | 2 replies
Inspections may cost more upfront, but they can save you from significant headaches and unexpected expenses down the road.Negotiate Hard: Use inspection findings as leverage.If the HVAC is near the end of its life, negotiate a credit for its replacement.If the cast iron plumbing is deteriorating and needs replacement, ask for a credit as well.Sellers often prefer negotiating credits over doing the work themselves.To give you an example: I was once under contract for an old house priced at $170,000.
Christine Aledam
Time to find a new Accountant?
3 December 2024 | 21 replies
You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.Creating an LLC in California could cost you a minimum tax of $800 every year.
Christopher Robert Noland
How to turn an owner finance deal into a 30 year rental loan without 20 percent down?
23 November 2024 | 6 replies
The seller will also be incentivized to extend their seller carry if there’s been no appreciation or the building has deteriorated during those 5 years.
Joe Au
Use HELOC to paydown mortgage fast
11 January 2025 | 420 replies
I would think it would deteriorate every month as the principal was paid off.