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20 December 2018 | 0 replies
How do you track your leads?
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17 August 2021 | 1 reply
Since I didn't get any good leads from my first letter on 3/4 unit properties, I lowered my search down to 2 unit properties.
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28 December 2018 | 16 replies
You will need to do other things in the LLC in order to get paid, as you can’t raise money without a broker’s license and get paid, so talk with the lead sponsor to work out a deal that legally allows you to be involved. 4.
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21 December 2018 | 0 replies
Part of conversation was discussing the importance of relationships and how the human element of this business leads us to mistakes.
27 December 2018 | 5 replies
Hopefully you guys can help.Attached are some of the pictures from my place.Paneling and Wall to be removed on right that leads to living room.Living roomKitchenAbove the drop ceiling in one of the bedrooms (needs to be rotated right):
21 December 2018 | 0 replies
Hopefully you guys can help.Attached are some of the pictures from my place.Paneling and Wall to be removed on right that leads to living room.Living roomKitchenAbove the drop ceiling in one of the bedrooms (needs to be rotated right):
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29 December 2018 | 10 replies
The FHA says that examples of such problems include but are not limited to the following: Missing handrailsCracked or damaged exit doors that are otherwise operableCracked window glassDefective paint surfaces in homes constructed post-1978 (because of lead paint hazards)Minor plumbing leaks (such as dripping faucets)Defective floor finishes or coverings (worn through the finish, badly soiled carpeting)Evidence of previous (non-active) wood-destroying insect/organism damage where there is no evidence of unrepaired structural damageRotten or worn-out counter topsDamaged plaster, sheetrock or other wall and ceiling materials in homes constructed post-1978Poor workmanshipTrip hazards (cracked or partially heaving sidewalks, poorly installed carpeting)Crawl spaces with debris and trashLack of an all-weather driveway surface=================There are many areas, however, where the FHA does require problems to be remedied in order for the sale to close.Electrical and Heating The electrical box should not have any frayed or exposed wires.All habitable rooms must have a functioning heat source (except in a few select cities with mild winters).Roofs and Attics The roofing must keep moisture out.The roofing must be expected to last for at least two more years.The appraiser must inspect the attic for evidence of possible roof problems.The roof cannot have more than three layers of roofing.If the inspection reveals the need for roof repairs and the roof already has three or more layers of roofing, the FHA requires a new roof.Water HeatersThe water heater must meet local building codes and must convey with the property.Hazards and NuisancesA number of conditions fall under this category.
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24 December 2018 | 70 replies
Which leads to my second point: here is a recipe for crashing and burning that everyone should be familiar with because it happened repeatedly in '08-'10. 1) Buy houses with 15% down in neighborhoods that have a lot of competition for rentals and would face downward pressure on rents in a bad economy; 2) hire property managers for about 10% of the take because the houses are more than you can handle personally, 3) make sure the cash flow is below $400 a month, and preferably right around $0; 4) have few assets in the bank or liquid; 5) wait for an economic crisis.Point being, you can be on too fast a track such that when the music stops, you have no place to sit.
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30 December 2018 | 4 replies
I was hoping for leads to specific brokerages that actively operate in the investment space.
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23 December 2018 | 7 replies
@Jeff MauermanI have been picking up quite up bit of leads on deals in Muskegon and Grand Rapids as well as secondary markets.