John ONeill
Confessions of a First-Time Flipper: What I Wish I Knew Before I Started!
13 January 2025 | 11 replies
If the house has a septic system, especially if it's an older one, it's worth the investment to have a septic inspection done.This concern is particularly relevant for those planning to buy and hold the property rather than simply fix and sell it.
Dean Klein
True dimensional 2x8 insulation question
31 December 2024 | 4 replies
I've got a duplex built in 1888, and have a couple of cold rooms, upon inspecting the basement, there is no insulation under the floor of these rooms.
Sean Kirk
Has anyone used Roofstock to invest?
12 January 2025 | 2 replies
Still can be very beneficial for a new investor but personally I think not as good as a service as they had with their exclusive listings where they had inspections already done, rent rolls available, and you can complete the entire offer/acceptance via their platform rather than being handed off to an agent.
Mattin Hosh
Assist in Turnkey
9 January 2025 | 10 replies
@Mattin Hosh first, most cities in Metro Detroit have some type of rental property inspection every 2-3 years.It's not really a big deal 99% of the time - especially for owners who are NOT slumlords:)Also, a quick Google search will show that several states/cities are passing/considering similar legislation.One of the biggest mistakes we see newer investors making is NOT properly understanding Neighborhood/Property/Tenant Classes and naively assuming that any rental they buy will deliver Class A results.Read our copy & paste thoughts below and DM us if you'd like to dicuss more about the Detroit market:)-------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Divya Sosa
Tenant lied on rental application regarding criminal history
6 January 2025 | 13 replies
First, I schedule an inspection, quickly.
Pawan Gupta
Has anyone worked with Mynd.co?
14 January 2025 | 2 replies
All contact, maintenance, inspection, lease, anything is handled in a queue....not a call.
Robert Williams
Tenant Request to Refund Pet Deposit for the Holidays —How Would You Handle This?
3 January 2025 | 12 replies
Normally, we would say no and wait until the end of the lease but due to the situation and hardships we would inspect for pets and pet damages.
Nick Wimmel
Looking to purchase a duplex in Middletown, Ohio
8 January 2025 | 12 replies
As you know its near impossible to find a good cash flowing deal in CA due to sale price, taxes and lack of inventory.Last one I closed on was over off of Germantown Road it was a great 2 unit that needed a little TLC for $160K but passed an inspection and was livable.
Jake Thorpe
Tax liens - what do you know?
14 January 2025 | 5 replies
you have to inspect BEFORE the sale.
Avery Oblepias
Section 8 Tom Cruz
10 January 2025 | 22 replies
His course will cost you 5k plus the downpayment of say $2500 on a property that likely needs work before it's ready for inspection.