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14 February 2025 | 1 reply
That's how I discovered PB a few years ago.We've owned our own home since I believe June of 2021 in central NJ (not sure how much equity we have in it).
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10 February 2025 | 12 replies
Imagine investing in all new, beautiful finishes, only to discover that the drain pipes are faulty and need to be replaced—an issue that could have been identified and addressed beforehand.
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20 February 2025 | 8 replies
You should have had a conversation with an accountant prior to going ahead with the cost segregation study.A cost segregation study breaks down a building to more components than just building and land.
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11 February 2025 | 7 replies
Unless you have discovered some hidden jewel, the traditional second home locations have all turned stale.
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30 January 2025 | 4 replies
Net earnings were about $400,000/year, so the business component of the sale was valued at about 3X, or $1.2M.
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4 February 2025 | 7 replies
You will also discover the warranties don't cover as much as you think, and claims are often denied.Home warranties are so bad that most professional property managers will not manage a property with one in place.
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13 February 2025 | 12 replies
You're discovering if they are the right partners and they will be questioning you in the exact same way.
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12 February 2025 | 10 replies
Navigating these delays and organizational instability proved to be immensely challenging.In my own investigation, I discovered that Farraway SG emerged as the new entity managing the loans, with its LLC tracing back to Tel Aviv.
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12 February 2025 | 43 replies
Hi Nida,I'm a bit late to the party but better late than never I guess lolIn the search bar here on Bigger Pockets or even a Google research will reveal a lot of info about certain companies.I'd always like to joke around and say that "Google is your best friend" when looking to work with someone new lolI'd like to second Jason's comment who has been around the turnkey game for a long time and has probably conducted due diligence on many if not all turnkey providers over the years.Not many have stood the test of time and I'm proud to say that we have.Not intending to plug my company as we have many battle scars that started from day 1.But still here and still battling away 🤓Why we survived and thrived unlike many others was keeping our operation small and boutique and only doing deals on our terms.Low volume sales and thorough investor pre-qualification (As not everyone that has a pulse is necessarily a good fit for what we can provide).Some investors did better than others but one thing I can happily say is that we always did our best for all.I believe a very important component to any "true" turnkey company is that the penny ultimately drops must drop with them.Meaning, if you invest and things don't go the way as planned it is entirely up to them to rectify.No finger pointing or passing on the monkey to someone else (Like a realtor, contractor or PM).A true turnkey company stands behind it's properties, rehabs and in-house property management.Key phrase here is "in-house property management".Everything must be under the same roof and the provider must take all responsibility for the outcome of that investment.Wishing you much success
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1 February 2025 | 15 replies
That's a primary component to a loan being non-recourse.