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16 October 2024 | 6 replies
It seems the most likely issue is simply having your personal names as the deed holder listed in a complaint although again, based on what you shared about your sound operations your insurance should cover any claims that would arise since you wouldn’t be triggering any coverage exclusions.
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14 October 2024 | 22 replies
Do you save three months of vacancy for each unit and $50,000 for the roof replacement?
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15 October 2024 | 4 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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18 October 2024 | 25 replies
Leave the ugly cabinets (or just paint them), leave a roof thats on its last leg and maybe has 4 or 5 years tops with repairs if that.My goal was to take down houses and by doing that, I was able to grow faster and offer more so I could get more.
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13 October 2024 | 4 replies
For example one family wants to repair the roof and the other wants to replace it.
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14 October 2024 | 2 replies
Purchase price: $32,000 Cash invested: $58,354 Sale price: $105,000 5/17/24 purchase.Charming Little 3/1 - We are remodeling all inside and out including new roofing, this is our first project out of state, it will be a BRRRR, hopefully first of many to come.
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15 October 2024 | 4 replies
Pay off first and add a new mortgage covering both properties?
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15 October 2024 | 2 replies
I’ve talked with yellow letters for mail outs, so that’s covered, but what about cold calling?
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13 October 2024 | 3 replies
There must be a cause for mold growth, and that cause is almost always moisture.Check there are no roof leaks or attic window leaks.
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15 October 2024 | 4 replies
If managed correctly, the rental income should cover your property expenses (like mortgage, insurance, and maintenance) while still leaving you with positive cash flow.