
20 January 2025 | 19 replies
Since I bought the duplex, I have noticed that ReadyREI tries to limit property viewing as much as possible, and I believe that the reason for this is clear - it is to hide issues and the condition of the property as much as possible.When I first spoke with Ready REI, I was told that they provide a “turnkey” house, that nothing needed to be done to get it ready for occupancy.
13 January 2025 | 41 replies
Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal level Learn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are needed Know everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.

4 January 2025 | 26 replies
While there are some limits here (you don't need a pasta maker), asking about having a plunger in each bathroom closet is insane.

3 January 2025 | 7 replies
What if they build just outside the city limits, so they are not paying city taxes?

19 January 2025 | 47 replies
Now the deed had a time limit on it IE you must remove the timber by a certain date or the Rights to the timber extinguished.

2 January 2025 | 2 replies
The type of property can influence the risks you face, so coverage limits matter.

9 January 2025 | 46 replies
my experience in SC which is basically limited to building about 35 new builds in Charleston market and funding a few flippers up by Augusta and a few flips in N.

9 January 2025 | 14 replies
You are limited in your options if something worse should come along later, such as a large investment going bad.If $10,000 CDN is a show stopper for you, how do you expect to manage a $600,000 CDN property?

15 January 2025 | 10 replies
Low prices enable more people to buy, limiting demand for rental properties so rents decline (in inflation-adjusted dollars).Population Growth: In areas with growing populations, demand outpaces supply, driving up property prices.

2 January 2025 | 1 reply
you might say something like, "I’ve been studying Austin and Denver for rental properties and have a $200,000 price limit—what are the pros and cons of both markets?"