
6 November 2020 | 16 replies
I recommend a Post Compliance Assessment Determination (PCAD) every 5 years or so.Here's the law (emphasis added by me):460.100: Duty of Owner(s) of Residential Premises (B) Whenever any residential premises containing dangerous levels of lead in paint, plaster or other accessible structural material undergoes a change of ownership and as a result a child younger than six years old will become or will continue to be a resident therein, the new owner shall have 90 days after becoming the owner to obtain a Letter of Full Compliance or a Letter of Interim Control, except that if a child younger than six years old who is lead poisoned resides therein, the owner shall not be eligible for interim control, unless the Director grants a waiver pursuant to 105 CMR 460.100(A)(3).

29 October 2020 | 4 replies
Getting rid of their dogs to keep their capital moving.My frame of thinking is, One man’s trash is another man’s treasure.Do you feel like this is a dangerous field to get into?

2 November 2020 | 18 replies
@Emillio Henry @Wayne Brooks is exactly right - too much danger there to go without.

3 November 2020 | 9 replies
You should properly define "net profit" to get all expenses of "buying", "holding", and "selling" deducted from the contract price.The real danger is papering the agreement between the LLC and the GC.

1 November 2020 | 18 replies
And then there are the dangers involved.

30 October 2020 | 1 reply
Ideally we'd like to flip but those seem to be fewer and get sold over listing price now - even in C rated areas.

30 October 2020 | 5 replies
That being said, from what I have seen prices have continued to rise due to the demand shock (low interest rates) and the supply shock (COVID resulting in fewer sellers listing) across the country.

2 November 2020 | 27 replies
Many of them continued to try to remote-manage the property and made various other bad choices.Cue present day: these duplexes are always in bad shape, always run by incompetent aging LLs who wish their parents had just given them some stock in Ma Bell or General Electric, always need a lot of TLC from good handymen, who are fewer and fewer in number.

12 November 2020 | 77 replies
Some actually have fewer issues than expected - but most have items that obviously weren’t highlighted in the pics.