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Results (10,000+)
Chuck B. Has anyone taken Phillip Vincent's program - Mom's House?
24 July 2024 | 46 replies
It's a guru/lead-gen program that purports to train you on becoming a "Personal Relocation Manager" for seniors who need to move into assisted living facilities.  
Andres Mata 01/2024 - Thoughts on Syndications / Investment Clubs
26 July 2024 | 49 replies
It doesn’t have to be real estate—syndication as a structure is used even to fund start-up companies, oil drilling, and even race horses.
Will Pritchett Cigarette smoke smell
24 July 2024 | 13 replies
Paintable surfaces, such as walls and ceiling, and the subfloor will get a coat of an oil based odor/stain blocker, such as that made by Kilz or Zinsser.
Mina Spice Sober living rentals?
23 July 2024 | 3 replies
Sober living homes typically require certain amenities, such as furnished living spaces, common areas, and kitchen facilities.
Don Konipol What are New ‘Investors” Looking For When They Come to BP?
23 July 2024 | 12 replies
The newbies who want to purchase snake oil find that on other platforms.
Patrick James Co-living houses in Oregon
22 July 2024 | 2 replies
They are trying to lump co-living in with a congregate living facility, which sober living would fall under.
Johnny Hastings Rental Arbitrage in LA
24 July 2024 | 17 replies
We are 5-10 miles from a handful of major medical centers and facilities
Mitch Conrad Syndication vs Private Fund LLC
22 July 2024 | 22 replies
investors holding a note secured by a assisted living facility will require an interest rate of 9 - 14% depending on desirability of property and strength of operator/borrower.  
David Charles Edwards Selling rental properties and moving into Fixed income for early retirement
27 July 2024 | 108 replies
Have you thought about investing in gas and oil with about a 9 to 10 % roi.. its a 1031 exchange alternative of like kind. 
Karolina Powell Questions to ask when touring a multi family
21 July 2024 | 12 replies
Ask about the maintenance history.Units: Visit as many individual units as possible to assess their condition and note any necessary repairs or updates.Structural Issues: Be vigilant about signs of water damage, mold, or pests, which could indicate larger problems.Safety Compliance: Verify that the property meets all local safety and building codes, including fire alarms, extinguishers, and emergency exits.Financial and Operational AspectsRent Roll: Request a detailed rent roll to understand current rents, lease terms, and tenant occupancy.Expenses: Get a breakdown of all operating expenses, including utilities, maintenance, insurance, property management fees, and taxes.Income Verification: Ask for historical income statements (preferably 12 months or more) to verify the revenue.Vacancy Rates: Inquire about the historical and current vacancy rates and how they compare to the market average.Tenant Profile: Understand the tenant mix, including residential versus commercial tenants, lease lengths, and tenant turnover rates.Property Management: Find out if the property is currently managed by a professional management company and if you will retain or replace them.Legal and ComplianceZoning Laws: Ensure the property complies with current zoning laws and inquire about any zoning changes that may affect the property.Rent Control: Determine if the property is subject to rent control or other regulations that could impact income.Permits and Licenses: Check that all necessary permits and licenses are up to date.Value-Add PotentialRenovation Opportunities: Identify areas where you could add value through renovations or upgrades.Rent Increases: Assess the potential for increasing rents based on market rates and property improvements.Additional Income: Explore opportunities for additional income streams, such as laundry facilities, parking fees, or storage rentals.Environmental ConsiderationsEnvironmental Hazards: Check for any environmental issues like asbestos, lead paint, or underground storage tanks.Flood Zones: Verify if the property is in a flood zone and the implications for insurance and risk.Questions to Ask the SellerReason for Selling: Understand the seller’s motivation to gauge the urgency and possible negotiation points.Recent Repairs and Improvements: Ask about any recent capital expenditures and future planned repairs.Tenant Relations: Inquire about the relationship with tenants and any ongoing disputes or issues.Due DiligenceProfessional Inspection: Hire a professional inspector to conduct a thorough examination of the property.Appraisal: Obtain an independent appraisal to verify the property’s market value.Legal Review: Have a real estate attorney review all contracts, leases, and legal documents related to the property.By covering these aspects, you’ll be in a stronger position to make an informed decision about your potential investment.