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28 March 2019 | 24 replies
I am not so big on the claims of anonymity as depositions and interrogatories can make you reveal ownership status in most cases.
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8 March 2018 | 60 replies
Revealing to anyone, other than another investor, that you own an apartment building-well nothing good will come from that!
24 April 2023 | 22 replies
Here are some tips for vetting potential tenants:Require a rental application: Have all potential tenants fill out a rental application that includes personal and employment information, references, and a consent to run a background check and credit report.Check their credit report: A credit report can give you insight into a tenant's financial history, including their payment history, outstanding debts, and credit score.Run a background check: A background check can reveal any criminal history or past evictions, which may be red flags.Verify income: Make sure to ask for proof of income to ensure the tenant has the financial means to pay rent.Contact references: Reach out to previous landlords, employers, and personal references to get a sense of the tenant's reliability and character.Conduct an in-person interview: Meeting the tenant in person can give you a sense of their personality and demeanor, which can be important factors in being a good tenant.Trust your instincts: If something seems off or you have a bad feeling about a potential tenant, it may be best to pass and keep looking.By taking these steps and thoroughly vetting potential tenants, you can increase the chances of finding a quality tenant who will be a good fit for your rental property.Good luck and keep us posted on what you decided to do!
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26 December 2023 | 3 replies
It was marketed as three income-producing units, but due diligence revealed legal discrepancies in rental permits.I revised my offer to about 25% lower than the original, reflecting these findings.
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12 December 2023 | 1 reply
Due diligence revealed that a purchase price of $137k or less could result in 19%+ ROI, $1k+ cash flow How did you find this deal and how did you negotiate it?
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17 December 2015 | 9 replies
I thought a double close would stop you from revealing your profit margin on the contract but with due diligence anyone can find out it would be public record
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27 February 2019 | 13 replies
Then we dug into the foundation to reveal the footers.
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16 March 2019 | 1 reply
When I know I can get the floors sturdy, then I shift focus to these priorities in this order:- Functionality of exterior doors (doors MUST lock and latch for security)- Functionality of interior doors (fit in their pocket latch properly with good reveal on top)- Levelness of trim (counters, windowsills, door frames, chair moulding and any other trim as level as we can)- Levelness of floors (I we fix the first three...the floors will be whatever they must be)What drives the cost to a P&B:- Elevation off the ground / access to interior (sometimes the only opening is on a remote closet inside)- Amount of termite/wood rot damageDon’t be scared by a P&B, they can be great homes, just may require a little more TLC or periodic maintenance in the form of reshimming and adjusting.
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5 August 2020 | 7 replies
New buyer here with an offer on Duplex in Bay Area at a great price but inspection came back with the following:
Notable Lean (click for picture)
"This is the view from the dining room. There is a notable lean, as s...
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8 November 2019 | 43 replies
Not revealing particular town as not seeking competition.