
30 September 2024 | 1 reply
The best thing to do would be to consult an attorney, but likely, that is not an option for everyone starting out.I'm not an attorney, and this is not legal advice, but some of the information that we include in our contracts is:- A clear scope of work - Payment schedule / Milestones- Change order approval process- Allowances for finished materials- Reasons to terminate the contract- Expectations for start date (X amount of time after final plans /permits are received or X amount of time after the contract is executed)- General schedule and timeline (This is where you could specify an end date - however it may be better use incentives rather than liquidated damage if your general contractor is late - we've done both, but found General Contractors respond better to getting something if they get done early instead of being punished for being late.

27 September 2024 | 2 replies
She states minor work is needed: covers for a couple of outlets, kitchen refresh, cracked window to be replaced.

25 September 2024 | 5 replies
So your pricing will be higher for a 80% LTV loan than for a 60% LTV loan.3.

25 September 2024 | 1 reply
The HOA might encourage swift action, but the authority usually lies with the city.PS: Texas counties have more power over land use regulations than cities in some cases, which can influence how properties in rural areas are managed after a disaste

27 September 2024 | 8 replies
But I once did one to save a couple thousand bucks, and it cost nearly that much just to hire the Qualified Intermediary.Also, I found myself wanting to move into the property I exchanged, which is a no-no without allowing a couple of years to pass under a safe harbor.

29 September 2024 | 3 replies
Trouble is, this quote is over 10k more than the initial quote.

24 September 2024 | 3 replies
We've been honing in on a pretty good development/investment formula that is working for us where we buy an existing single or multi-family house that can be improved or easily split into smaller units, and then we also add small new construction units to the property (townhomes or duplexes or cottages) and, generally, we rent them all out (though we have sold a couple of single family rehabs and we may sell the units in our next big project...

30 September 2024 | 4 replies
That would be like me posting my rentals on my own website in the hopes that I get more exposure than on Zillow or Apartments.com.Consider it a marketing expense.

27 September 2024 | 8 replies
You can still get a rental property first, but you’d need at least 15% down for a conventional loan on an investment property, or 20% if you're aiming for better terms.As for the LLC, it's possible to buy a property under an LLC, but conventional loans usually don’t allow that—you’d need a commercial loan.

30 September 2024 | 3 replies
But if you're simply planning on reinvesting all to get the best return possible you might also want to think about a diversification exchange where you sell one property and buy more than one.You could buy that smaller land locked piece.