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7 August 2022 | 13 replies
Do you have subcontracters lined up to do your Fixes- Plumber, Electrician, Handyman carpentry, Cleaners, Restoration company, Can you dedicate a person to at least once a week to inspect the property?
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12 August 2022 | 12 replies
Prebuilt agreements with plumbers, electricians, HVAC, roofers, siders, bigger restoration contractors on a referral fee basis for bigger ticket items.
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11 August 2022 | 9 replies
From my understanding, the landlord is required to foot the bill for some accommodations and are allowed to require the tenant to pay for structural modifications as well as require the tenant pay to have the property restored to original condition at the tenants expense.How would the guarantor being a company affect this?
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11 August 2022 | 3 replies
I rent out a unit or two as they are ready, still with plans to move into the final unit once completed.Step Four: Once the property is restored, I take out a HELOC/equity loan to pay the seller the remaining due (likely ~$100,000).Step Five: Property is renting, seller is paid, and rental income pays back the HELOC/equity loan + cash flow.This seems to be a twist on BRRRR that includes seller-financing to get started and a HELOC/equity loan used to pay the seller (balloon payment) instead of a mortgage.Am I missing anything?
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23 August 2022 | 4 replies
@Josh EdelmanStraight from the VA Guidelines: Any purchaser may qualify to assume a VA loan; [THIS LINE APPLIES TO YOU] however, for a Veteran’s entitlement to be restored, a Veteran purchaser with sufficient entitlement must complete a Substitution of Entitlement (SOE) when the ROL is closed.
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30 August 2022 | 6 replies
Restore the main house, convert the garage to ADU and build one more house (you can have 2 ADUs in Covina) 800 sf.
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23 August 2022 | 2 replies
Both spaces were acquired inexpensively at the time of purchase as shells, which I've restored and renovated myself into two pretty decent income producers.One property is a 7,000sq/ft commercial space with a national brand tenant on a 5yr NNN lease netting 8k/mo.The other property is setup as 3 luxury vacation rental units, which nets on average 20-25k/mo
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25 August 2022 | 19 replies
If I am on the receiving end of that call, I ask tenants to contain and clean up as needed then call a restoration company if needed.
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17 December 2021 | 5 replies
I've seen $$$ restoration guys overseas do the shellac trick with airbrushes.And once you're done with an undercoat of shellac, proceed with your three coats of oil-based poly.
16 December 2021 | 1 reply
I am the corporate sales manager for a storm restoration firm and the job I have along with the schedule it keeps makes real estate very attractive to me since I have good knowledge of the contracting side of things.