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15 January 2025 | 8 replies
Coghill they are trying to take care of several things:1) Approval to access credit reportsA video tour of my home office (required by the credit repository to show security, so access to office & computers is limited to avoid data theft)Credit checks on me and my partner (required by the credit repository to make sure you are not criminals looking to steal others' data)Copies of the deeds for every property we own (required by the credit repository to confirm you aren't just self-serving)A copy of my partner’s home lease and utility bills (required by the credit repository to prove his legal address, so they can pursue him criminally if he steals data)Business phone bills (required by the credit repository to prove an actual business)2) Approval to use banking ACH system to accept tenant payments and pay ownersBusiness phone bills (required by banking industry to prove business legitimacy)A signed letter from the bank verifying our accounts (to prove legitimate business banking accounts.
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27 January 2025 | 21 replies
And make sure you live in that 1st house so you're close to and can address problems as soon as they appear.
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13 January 2025 | 8 replies
These should be reflected in the purchase price or negotiated as part of the terms, such as the seller carrying some of the renovation burden.Use seller financing to your advantage by proposing a price closer to $225,000-$250,000 with terms such as 20% down, a low interest rate (4-5%), or interest-only payments for 3-5 years, with a balloon payment once renovations are complete and cash flow stabilizes.If the seller is firm on price, consider negotiating higher down payment terms to reduce the financed amount, paired with interest-only terms or a price reduction tied to renovation milestones.Key questions to address include the condition of the septic system, which can be a significant expense if it fails.
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13 January 2025 | 11 replies
---- Google your property address to find out!
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12 January 2025 | 7 replies
We are eventually going to have to address this.
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6 January 2025 | 0 replies
This experience reinforced the need for efficient budgeting and timely execution to ensure profitability.
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8 January 2025 | 29 replies
She just seems to be well versed with dealing with section 8 tenants, which is huge in this area of the United States.She has already sent me the address of the potential investment property.
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12 January 2025 | 2 replies
The real issue you should address up front is what does the seller want?
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9 February 2025 | 173 replies
When I visited their Yelp page, a message popped up and said, "A number of positive reviews for this business originated from the same IP address.
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7 January 2025 | 0 replies
If you’re doing updates to a property, they can provide you with a list of qualifications to help your property be more energy efficient maximizing tax deductions.