Tyler Jahnke
Morris Invest Case Study 2.0
30 December 2024 | 819 replies
@Patrick Shawn Faherty there's certainly enough feedback on this forum that anyone should be able to make an informed decision about MI, When evaluating any turn key companies, there are the things one should look for.In general, the ones to avoid are the ones that: Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)Don't allow for your own independent property inspectionAre not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)Require you to pay for any renovation upfrontSell only in cheap. low end neighborhoodsDon't accurately represent the neighborhood/property classificationDon't have consistent rehab standards for all propertiesDon't provide a scope of work for the propertyCan't provide references of repeat investors Require you to close before a tenant is in place
Henry Clark
Self Storage- Marketing- Customers 1 mile to ????
27 November 2024 | 15 replies
It's a self storage facility not mfh
Leo R.
Is anyone listing rentals on Craigslist in 2024?
3 December 2024 | 22 replies
It lacks good standards for entry and results in a lot of noise from potential renters and messenger I not something I normally look at.
Deborah Wodell
What’s been the biggest surprise you’ve had on a flip—good or bad?
30 November 2024 | 3 replies
This put us in a significant disadvantage on selling, buyer has to have 20% down and buyer needs to use a Non QM lender too instead of a standard back or broker...
Josh Holley
Seller won’t return EM
31 December 2024 | 97 replies
Ok but "should have known" and "did know" are two different standards, and unless the seller had a survey done before it was put up for sale that clearly labels the roof as crossing survey boundaries, I doubt you can make a case there for fraud ( which is what willful failure to disclose is).
Kwok Wong
How to submit a respectful lowball offer?
7 December 2024 | 9 replies
Anyone saying that against you think there needs to be some invisible standard of requirement.
Victoria Hogan
Difficulty finding a tenant
5 December 2024 | 15 replies
Lower your price, but don't lower your standards.
Matt R.
Bitcoin is 10k again what are you going to do now?
5 December 2024 | 554 replies
This is not standard.
Shawn Callan
How am I supposed to buy a 2nd house!
4 December 2024 | 17 replies
If you are buying in a standard loan limit area (most of the country), your current bonus entitlement is $766,550.
Berna Geylani
Non-profit funds, no clear path - feeling lost
2 December 2024 | 5 replies
I tagged 4 other BP members I knew and layed out the mission and that was to buy renovate to retail standards a home in the mid west ..