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7 February 2025 | 17 replies
Remember, ignorance is NOT a defense in MN on real estate and housing law's, so it's VERY important to actually know them, not just what someone else says they are.
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14 January 2025 | 6 replies
Quote from @Celine Besson: Hi everyone,We recently moved from Memphis, TN, to Montreal, Quebec.Before leaving, we planned to invest in a small house, renovate it, and rent it out (Ultimate goal would be to BRRRR).
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10 January 2025 | 22 replies
I use $2500 to pay expenses and save what's left in a fund for repairs etc...So I can count on approx 5K/month in gross income.
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15 January 2025 | 6 replies
You can get a HELOC if there is equity in the property most likely, which there should be since you own it in cash, but you will just be decreasing your pay out and then may end up short in repair money, depending on how much it is worth.
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23 January 2025 | 56 replies
By this time, I realized Chris was wholesaling the house to me (unlike the other houses on the tour) and charging me to manage the project.
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8 February 2025 | 102 replies
I hope this house eventually stabilizes.
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6 January 2025 | 9 replies
If it does go to probate, hopefully your brothers and you can amicably go the informal route vs formal (I've worked with families in both when buying properties out of probate and informal is FAR easier).Since there's no debt on the house, maybe you could sell with financing or maybe you could even buy out your brothers with financing -- that way you maintain ownership and just pay them a monthly amount.
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7 February 2025 | 49 replies
Because I had already purchased the house building courses I got a nice discount on thw course I wanted.
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30 January 2025 | 19 replies
Any repair (perhaps over a certain number of repairs) or time spent on a door outside of routine management is a "claim."
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16 January 2025 | 10 replies
What is your draw fee & benchmarks for the repairs portion of the borrowed money?