James R.
Glut of STRs in Every Major Market. The Elephant in the Room.
28 October 2024 | 40 replies
Here’s how to get itFor an unbiased legal opinion, consultant with an attorney whose fee isn’t contingent on outcome, or loading billable hoursFor an unbiased financial opinion, consultant with a FEE ONLY financial or FEE ONLY investment advisorFor an unbiased real estate opinion, consultant with a fee based consultant, preferably one who has obtained the CRE (counselors of real estate ) designation.
Pat Arneson
Deed of Trust and Note for Private Lender?
23 October 2024 | 7 replies
I presume I could still write in loan amounts while waiving loan and appraisal contingency.
Hector Espinosa
Need Advice Before Making an Offer – What Am I Missing?
19 October 2024 | 6 replies
. 🎉 I’m still finalizing things with my lender, but before I move forward, I want to be 100% sure I’m covering all the key steps.Here’s the checklist I’ve put together so far:Home inspection – to catch any hidden issues.Appraisal – to confirm the property’s value matches the offer.Financing contingency – securing my loan approval without surprises.Title search – ensuring there are no liens or legal issues.Seller disclosures – reviewing any known problems upfront.Neighborhood research – making sure the area fits my investment goals.Are there any crucial steps I’m missing or anything you think I should focus on more?
Arron Paulino
Advice on Selling Portfolio
29 October 2024 | 33 replies
I was able to get interested buyers (investors) under contract, but a couple ended up backing out either due to the appraisal contingency, inspection, or lack of funds which are all common reasons.
Joseph Scorese
Close RE Deals in Any Economy Top Strategy - What are factor that you will leverage?
19 October 2024 | 0 replies
Contingencies: Use contingencies to protect yourself or the buyer, like financing, appraisal, or inspection contingencies.4.
Cody M.
Commercial Car Lot
20 October 2024 | 2 replies
@Cody M.I would add a Phase I Environmental Site Assessment as a contingency to any offers on properties more susceptible to environmental issues (dry cleaners, gas stations, auto repair garages, etc.)
Ayanna Donovan
Delays with permit approval
21 October 2024 | 10 replies
Next time consider implementing better contingencies into your agreement.
Devin James
Underground Plumbing Dug too Low Results in Thousands in Extra Costs
18 October 2024 | 4 replies
This home had a HUGE delay that cost us thousands of dollars.The group that put in the underground plumbing dug the plumbing too low, and by the time we caught the mistake, the slab had already been poured and the septic tanks installed.We had to dig up the septic tanks, install a lift station, and reinstall the septic tanks.This all happened during 2 hurricanes, which caused even more delays.Time kills deals.This is why you need to 1) be conservative with your timelines and costs, 2) add contingencies to your budgets, and 3) have a healthy profit margin.
Deepak Advani
Is Finders Fee Legal ?
18 October 2024 | 13 replies
If the fee is contingent upon a closing/sale, yes.
Fiona Humphrey
Renting to a Residential Care Facility
20 October 2024 | 19 replies
There are a few concerns that made me question going through with it, but I have a few contingencies for backup if anything goes wrong.