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15 January 2025 | 8 replies
They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.
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23 February 2025 | 42 replies
I am writing this because I appreciated the call and while I have no affiliation with them or have experience working with this company nor have I invested with them - they answered the phone immediately.
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24 January 2025 | 0 replies
Typical renovations include:Cosmetic Updates: Painting, flooring, kitchen and bathroom upgrades, and landscaping.Structural Repairs: Fixing any underlying issues such as foundation repairs, plumbing, or electrical updates.Efficiency Improvements: Adding energy-efficient windows, new HVAC systems, and better insulation to increase the property's overall value.The goal of the rehab phase is to increase the property’s market value while making it an attractive place for tenants.
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26 January 2025 | 24 replies
You can also get the tenants to phone the police and then you have a record of the noise disturbance.
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21 January 2025 | 6 replies
If it's a verbal tenancy, you have to show a practice of collecting rent that the tenant is no longer abiding by (or perhaps tenant shows up, and honestly states they were obligated to pay rent and haven't done so).When the eviction case is submitted, you give the tenants names, e-mail, phone, address.
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16 January 2025 | 2 replies
Here’s the context:The house appears vacant, with a large tree that has fallen on the property.From what I can see, the house seems full of furniture and might even be a hoarder home.I’ve skip-traced the property and found that the owner has unfortunately passed away.The house seems to be mortgage-free, and I’ve identified three phone numbers associated with the son, who I believe is the heir.I’d like to reach out to the son to express my interest in purchasing the property, but I want to ensure I do so respectfully while also gathering the right information.Here are my questions:What’s the best way to approach the heir while showing my condolences for their loss?
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16 January 2025 | 8 replies
Usually you have to pay for the privilege of getting a return phone call from an attorney.(9) We have over 30,000 of uncollected judgements on six cases and like the LA fires, try to forget about getting back what you had, move on and take precautions never to get into that situation again.
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28 January 2025 | 11 replies
The best thing about a new build is the capital expenses and maintenance and repairs will be minimal for many years.
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22 January 2025 | 10 replies
You can also write off expenses such as property management, insurance, repairs, etc.
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26 January 2025 | 3 replies
With $50K and a DSCR loan, your budget will likely cap at properties in the $150K-$170K range, depending on the closing costs and any repairs needed.