
16 October 2024 | 3 replies
From what I remember, they addressed all concerns such as insulation, insuring them, or anything else that might come up without relative problems.

19 October 2024 | 7 replies
Paying for it on card for liability protection, getting warranty/insurance work, pulling permits, lien waivers, etc.2)Get deeper, not wider.

18 October 2024 | 15 replies
Rent collected way under fees paid lease, extra utility charges to me, management fees, taxes, insurance, do not even come close.

16 October 2024 | 11 replies
I suppose it is possible to do it yourself but do you really want to close on a property without title insurance?

16 October 2024 | 9 replies
The actual insurance premiums in PA are regulated by the state with some exceptions (most notably approved attorneys).

17 October 2024 | 12 replies
I feel a bit stuck in this scenario, and I could use some advice.I'm raising some money from private investors and wanted to run some options by more experienced posters, because I'm a bit unclear as to what the best way is to structure my deals with private investors, or if there are better options that I'm not considering.Here are some rough numbers to capture a deal that is on my radar:Loan amount from investor: $110kYearly Interest Paid to Investor: 7%Monthly Rent from Property: $1300Monthly Interest-Only Payment to Investor: $642Monthly Property Taxes: $71Monthly Insurance Payment: $71Property Management fees: $104Net Cashflow: $412Now, this is not a bad outcome, and I am fine with it, but I am wondering what someone else might do differently if you were in my position - Should I charge an upfront fee to my investor (maybe $5k or so for this deal and also keep the cashflow as my monthly management fee), or would you instead use the $110k from the investor to BRRRR a bunch of deals, or would you try to just use the capital for one deal at a time?

16 October 2024 | 6 replies
Do you maintain the correct types of insurance and adequate amounts of insurance?

19 October 2024 | 16 replies
They want each guest to personally come and provide the information and payment (possibly for their own liability insurance).

17 October 2024 | 6 replies
This isn't really that earth shattering, just kind of annoying.The title insurer will usually require the scope of work and any lien waivers to issue certain endorsements required by lenders for recently rehabbed/constructed properties.Permits are all public record anyway - and often double checked by the appraiser.So - while it is kind of annoying, a lot of this work is already required to complete the transaction anyway.Just my thoughts.

17 October 2024 | 16 replies
Common reasons:1) Change of closing date (instead of closing end of month, if it gets pushed to beginning of next month, prepaid taxes, interest and insurance will increase because you have through to months end)2) Appraisal comes in low and LTV goes up.