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13 November 2024 | 9 replies
Here’s a quick checklist to cover your bases:Property Condition: Get a thorough inspection to assess major items like the roof, foundation, and HVAC—this helps you plan for any big repairs.Financials: Account for all costs, including taxes, insurance, maintenance, and property management fees if applicable.
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17 November 2024 | 33 replies
What is the condition of the roof, siding, plumbing, electrical, etc?
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13 November 2024 | 4 replies
Because based on what I see for current condition fair market value appraisal I’m kinda wanting too use that as a confidence booster for what I’ve come up with for ARV.
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14 November 2024 | 8 replies
Tie it to condition of the property on leaving.
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12 November 2024 | 8 replies
Their living conditions are unsanitary and could invite rodents, bugs, or just unhealthy living conditions in general.
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10 November 2024 | 2 replies
The house is in good condition, AC and roof are 5 years old.Generally I keep $2000/year towards maintenance when I buy houses that are 5-15 years old in this price range.
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11 November 2024 | 5 replies
Hello @Michael Dallas,To verify the seller’s information, ensure you request these essential documents:Rent Roll (to confirm rental income and occupancy)Lease Agreements (to review tenant terms)Financial Statements (past 1-2 years, including income and expenses)Property Tax StatementsUtility Bills (if applicable)Maintenance Records and recent CAPEX reportsInsurance Policy DetailsInspection Reports (any recent or previous reports)These will help you confirm the property’s income, expenses, and condition.
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15 November 2024 | 13 replies
But of course, the actual value will depend on a lot of variables - local market conditions, planned renovations, etc.
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14 November 2024 | 8 replies
Taking a quick glance at comps your rent is high, 6 Armstrong st Apt 2 looks to be renting for $325 less and is in very similar condition.
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12 November 2024 | 6 replies
There could be other conditions of course, but that would be something easy and not expensive.Either way, that extra week is some nice revenue and I wouldn't want to miss out on that. i would accommodate them for sure.