
15 July 2023 | 7 replies
We manage a few with gas, which we do NOT turn on during vacancies, since it is just for hot water, cooking, and laundry.

14 February 2017 | 11 replies
The state in which you will interact with that piece of property is entirely dependent on what has happened with it.IMO Florida has REO risks of the following: foundation settling, roofing issues, ventilation, mold and vegetation overgrowth.

3 May 2023 | 7 replies
Sure as heck beats the cost and liability associated with a pool.Another, has started to install outdoor cooking Pavilions, and he said he has received good response on the ones that he has installed.

13 December 2019 | 16 replies
I'm going to agree with @Ethan Cooke, this decision is highly dependent on the location, and add'l details about the property and target customer.

28 June 2023 | 3 replies
I primarily work in dupage and cook county, IL, typically only suburban areas.

10 May 2023 | 25 replies
Growing up bagging groceries for tips and selling vegetables I can’t bring myself to do it.

24 April 2020 | 2 replies
@Austin Cooke probably not state by state but by metro area, usually the association of realtors for a given area will have some pretty decent high level data that they make available.

29 June 2023 | 10 replies
Here is what I have so far:At any time before, during, after investment:I or any of my team unexpectedly dies, becomes seriously ill, or injuredAn impassable disagreement occurs between any 2 parties of the investment teamA member of the investment team fails(for any reason) to uphold their agreementBefore purchase:Incorrect property valuationInability to secure financing after earnestDuring Financing and purchase:Loan executor fails to follow through with the loan.Loan executor misleads or baits me with incorrect terms and conditionsSeller withdraws contractSeller tries to renegotiate contractSeller withdraws agreement to carry loanTitle issuesDuring rehabilitation:Cost overrun - If the cost to complete a rehab exceeds the estimated cost budgeted.Time overrun - If the allotted time to complete a rehab is exceededUnforseen issues - if issues arise due to unknown/hidden problems, termite damage, mold, etcProblematic Contractors - Contractors that want to increase the bid midway through the job, fail to pay their employees, don’t show up when scheduled, fail to consistently clean, low or no skill, do poor work, fail to carry proper insurance, do not use agreed upon materials and/or finishes, use the “you can’t see it from my house” methodology, dress and/or act not in accordance with accepted job site standards, live or sleep at the job site, steal materials, supplies, and/or tools, attempt to undermine my relationship with my real estate team including agents, investors, other contractors, clients or potential clients, places lien or sues, dies or is seriously injured during project, experiences major life event that prevents or hinders their ability to continue, contractor or their employee dies or is seriously injured on the property, gets OSHA or other governing body violation(s)Code Violations - Red flagged for failing to obtain proper building and/or work permits prior to beginning project, overgrown vegetation, etcProblems Specific to Rental Properties:Tenant does not pay rent or pays lateTenant does not pay utilities/trash serviceTenant causes damage to propertyTenant does not take care of maintenance and/or cleaning of propertyTenant smokes or has pets when these things are not allowedTenant makes unauthorized changes to the property, ie painting walls, removing landscaping.Tenant allows others to move in without adding them to the leaseTenant misused the property, ie drug lab, melting plastic in the oven, spray paint graffiti on shed, parks in unauthorized zones such as the grassSomeone injures themself while on propertyHouse fire, floods, other natural disasterMajor maintenance issues such as roof replacement, appliance malfunction, plumbing leak, etcTenant violates city code, ie noise ordinances, trash and debris in yard, etcUnavoidable costs such as normal wear and tear include failing appliances, scratched/scuffed wood floors, dirty paint, worn carpet, etc.After rehab:Property does not appraise and/or sell/rent for expected ARVInterest rates go higher than expectedProperty tax increaseStricter laws are put in place that prevent finance/refinanceThis is all that I could come up with.

28 February 2019 | 11 replies
Their clients are mostly folks who can't mentally fend for themselves, but are still physically capable of many things (they can bathe, feed and dress themselves; but can't shop, administer their meds or cook for themselves).

31 July 2022 | 18 replies
Most guest who would book a quiet property are there to relax not cook meth, lol, but yes, I see your concern :-).