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2 September 2021 | 13 replies
There's just so many variables and it is going to be hard to hedge all of these potential adverse occurrences!
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10 September 2021 | 15 replies
One problem is; some people can breathe asbestos into their lungs every day in large quantities and they never had an adverse effect and some people only need to breath in a small amount of asbestos and they do have a serious adverse effect.You don't have the moral right to tell someone there is no asbestos in a hope without testing and the problem with this world goes back to the previous paragraph where homeowners and contractors tell their workers testing is not necessary, tell them their is no asbestos without testing and tell their workers not to worry.Here is a link about homes built in the early 1900's and an image from the link.https://www.greenbuildingadvis...Two if the images below are from business website I have since I am a licensed asbestos abatement contractor.I took the picture of the pictures with the two gravity furnaces in a home built in Beverly Hills that was built around 1908 and that was not the first year those furnaces were manufactured and installed.
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2 October 2021 | 26 replies
Studies have shown restrictive zoning, in particular related to density, does adversely affect low-income families. https://www.brookings.edu/blog...I agree that vacationers get a bad rap for "spoiling neighborhoods" and late night parties when in my experience these complaints are equally true of local families, be they homeowners or long-term tenants.
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15 September 2021 | 2 replies
Effectively immediately you should see a significant improvement in mortgage rates on Investment Properties and Second HomesFHFA announces they are suspending certain provisions from the preferred stock purchase agreement, which caused big hits to the pricing adjustment on Investment properties and Second homes, among many other affects a.k.a higher interest rates.combined with the removal of the adverse market fee earlier this summer there is a real opportunity to refinance any investment property or second home purchased/refinanced since the summer of 2020
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19 November 2021 | 2 replies
HML's are risk adverse so we need to see you can turn a profit.
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8 December 2021 | 7 replies
HML's are risk adverse and there is nothing more risky than having a new investor who can't come up with down payment thus trying to pay two notes on one property at the same time.
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21 January 2022 | 7 replies
Here is a list of due diligence item I use on my MHP investments:Check zoning and permitting compliance (city zoning)Check local law compliance (with Sherriff and/or Police)Search City Council minutes for any adverse mentionsCheck with State Department of Public Health's Division of Community Environmental Protection (CEP) for compliance violationsCheck with property neighbors for any disputes or pending legal actions Water - Check with water provider for any open or recent issuesSewer - Check with Sewer provider for any open or recent issues or complaintsElectricity - Check with electricity provider for any open or recent issues Rent roll with space number, name of resident, move-in date, renter or owner occupied, number of occupants, monthly rent, additional charges, current balance due and any relevant notes about the residentList of capital expenditures for the last 3 yearsGet last 2 years of Profit and Loss statementsGet last 2 years of Tax Returns for the LLC/Park12 months of Bank Statements for the LLC/ParkCurrent Accounts receivable statementsBuild proforma for next 5 years using rent roll and expensesGet owed taxes to City/County/Local govGet Insurance Quote of commercial liability insurance2 years of utility billsProperty Tax bills for last 2 years List of park owned home including copies of “rent to own” or sales contractsGet list of vendors and contract status for each vendorTalk with on-site property manager regarding issuesConduct Onsite Property Visit with property managerSpreadsheet detailing who pays all utilities including water, sewer, gas, electric, trash, cable, etc.
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12 December 2021 | 3 replies
Bob okenwa I’m definitely not adverse to buying now, I bought my first rental property this year in July.
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17 December 2021 | 49 replies
More risk adverse investors seem to be making these deals work...and ultimately are getting rewarded with appreciation while more sound/by the book investors are sitting on the sidelines.
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3 January 2022 | 8 replies
Happy for you, sounds like you fought through adversity to get to this point.