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3 January 2024 | 9 replies
The more you can reveal unknown variables in their rental history, the better.
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15 November 2018 | 2 replies
We did the demo and removed the carpet and padding to try and reveal the cement slab floor.
28 August 2019 | 316 replies
It will provide a best estimate at the expected long term cash flow and I expect it to reveal that the cash flow is minimal for non-active investors in the $30k RE.
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21 July 2023 | 5 replies
Although these are easy to forge, a close examination will generally reveal any flaws that could be telltale.
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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