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25 August 2024 | 61 replies
If the job is bigger I outline what the work schedule is for the customer and let them know how long the work will take.
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19 August 2024 | 8 replies
Quote from @Jay Hinrichs: But like I said its only a handful of folks I would trust to be my clients for this type of activity far more risky than vanilla lending.Why do you believe the risks are higher in the scenario I outlined where clear title is guaranteed at closing but not weeks in advance to present to an underwriter?
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20 August 2024 | 32 replies
So let's see what the net looks like:2421 rent - 242 (prop mgmt) - 2035 (expenses as outlined above) = (+) 144 / month.So, Nikki proved me wrong - you can find a positive cash flow property with 20% down assuming the rent amount of $2421.As such, this could be a possible play for a new investor who is looking for solely hands off turnkey.
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17 August 2024 | 4 replies
A PA will help you understand your options and your rights as outlined in your policy, and to help you be sure that they're being acknowledge by your insurance company.
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16 August 2024 | 3 replies
Maybe think about a legal agreement outlining all these “what ifs.”Overall, it’s not a terrible idea (not something I would likely do as it could go sideways though), especially if you’re confident in the property’s potential.
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16 August 2024 | 4 replies
You'll want to ensure that the lease clearly outlines the terms and responsibilities, including occupancy limits and any necessary modifications to the property.
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15 August 2024 | 7 replies
I'll start by outlining what a cost seg is.
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14 August 2024 | 7 replies
You will also want to draft a comprehensive lease agreement that outlines terms such as rent amount, due dates, security deposit, maintenance responsibilities, and any house rules.
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20 August 2024 | 452 replies
Hopefully that didn't take to long to create but I think I'm tracking you.Basically the outline of this method is if you are purchasing a property with cash.
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13 August 2024 | 8 replies
I even outlined the spot in orange spray paint.