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19 October 2024 | 10 replies
.- Evaluate all major systems (mechanical, electrical, roof, plumbing, foundation, etc).
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15 October 2024 | 3 replies
Insurance is meant to cover more significant expenses.
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17 October 2024 | 4 replies
They are all under a single roof and currently rented out.
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15 October 2024 | 0 replies
I have a new builder now, but because the roof is already on and it is 80-90% complete, I can't find anyone who will write a builder's risk policy for it.
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22 October 2024 | 15 replies
I was fitting this into an awkward schedule.The Facebook group was welcoming and fun to lurk and read posts, getting a feel for the community.Contracts in the document library were great – but overwhelming (you’ll see this phrase a lot)This was a main value for me – hiring lawyers to write contracts without knowing potential pitfalls or where I could/could not protect myself was a major concern.These contracts are worth the price of admission and only available w/in community.These contracts cover Joint Ventures (JVs) between parties, Creative Deals and non-creative deals, WRAPs, RVs, Automobiles, Leas Options, Wholesale Assignments, Hybrid docs and more.I haven’t actually gone through all of them yet.Tens of Thousands of dollars have been spent refining these contracts and just having access to this library was worth the price.
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18 October 2024 | 0 replies
The area wasn’t heavily affected... but a tree on the property was uprooted and unfortunately knocked down part of the home (roof and foundation were affected).
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20 October 2024 | 6 replies
My current strategy is to fund the projects with 85% LTC construction loans and cover the other 15% either with my own cash or tapping into a HELOC.
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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?
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20 October 2024 | 12 replies
Legally (most states), a 30-day Notice MUST cover at least one rental payment period.
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18 October 2024 | 2 replies
Engage professionals to inspect major components such as the roof, plumbing (including sewer lines), foundation, drainage, electrical systems, HVAC, chillers, boilers, termites, exterior walls, balconies, stairs, rails, and concrete.