Scott MacComb
Contract with general contractor on house flip
31 December 2024 | 13 replies
We review and negotiate then sign on the line.
Kay Kim
What’s your experience with Wagner Nolasco B2RDirect
13 January 2025 | 176 replies
And for rental houses. this is not common and absolutely crazy to do a deposit over maybe 5k or 10k..
Jonathan Abrado
Pace Morby Gator Method Course Review
7 January 2025 | 150 replies
Looks like the money goes to the Escrow Company so no loss but the seller has to sign to release it. and if the seller thinks they were lied to by the wholesaler ( very common) they will not sign.. and the money is stuck too small to litigate over and if not resolved the title company will file an interpleader with the court and send the money there.
Nina Erlandson
Has anyone used Obie Insurance?
11 January 2025 | 54 replies
I just signed on with one of my rental properties.
Josh Holley
Seller won’t return EM
31 December 2024 | 97 replies
While this is not common, its also not uncommon.
Emily Mohr
Best way to inform someone they are not qualified to rent your property?
9 January 2025 | 13 replies
Politely and clearly, make it extra clear that all information will be verified including income prior to the signing of any lease.
Sousie El
Seeking Legal Advice on HOA and Water Damage Issue
2 January 2025 | 2 replies
And also I inherited the tenant and havent signed lease with them been advised to better honor the same terms of the seller until their contract finish.
Richard Volkov
Could This Be a New Way to Invest in Real Estate Without Buying the Whole Property?
14 January 2025 | 15 replies
I’m just saying get your lawyers lined up and signed off first.
Robert Quiroz
Why are a lot of MFH being sold with rents under market
13 January 2025 | 30 replies
Let's assume that the neighborhood is a C class and the median income of the city is greater than 3X of the market rent.Here are some of the considerations I've come up with so far:- Units are in need of renovation and capex is too high or not available- Unit quality is not the same as market - Seller is worried about losing tenants due to increase- Vacancy rates are high or filling units have been difficult- Rent increase would take multiple increases over multiple lease periods to get to market rate if seller is trying to retain the same tenant- Seller inherited property and just want to liquidate- Seller needs to liquidate quickly (financial burden, sickness, quick exit from land-lording)It seems like I might be missing a warning sign about a deal if they are selling with current rents that are under market; but again, this seems to be most of the properties I've underwritten.And in the same vein, what should I be worried about when purchasing a deal with under market rent with the intention of raising them after purchase.
Makan A Tabrizi
Nail/Screw Holes in Walls
7 January 2025 | 37 replies
We do a tenant orientation at the property when they sign the lease and go over the specifics, one of them is no modifications, no painting walls and ... nail holes.We actually provide them with 2 packs of command strips and show them how to use them.