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15 September 2024 | 22 replies
The signature are unnatural and uniform showing obvious implications of forgery and false representation of actual owners of the property.
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12 September 2024 | 0 replies
Rent control can have significant implications for real estate investors, both positive and negative, depending on the specifics of the rent control laws and the investor's strategy.
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12 September 2024 | 14 replies
@Ankush R.Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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11 September 2024 | 6 replies
I'm aware of the risks and implications of the due on sale clause, but looking for some feedback on the insurance side of it.
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10 September 2024 | 34 replies
.- Communicated Findings: Informed you promptly about any POS violations and discussed the implications.- Negotiated Solutions: Worked with the seller's agent to determine whether the seller would address the violations or if you would need to assume responsibility, potentially negotiating a price reduction or credit at closing to cover repair costsWhy You Found Out LateThe fact that you discovered the POS violations only five days before closing suggests a lapse in communication or oversight.
12 September 2024 | 9 replies
We also check their social media postings.
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10 September 2024 | 2 replies
Perhaps partner on a smaller multifamily deal (5-10 units) to prove your capabilities before tackling larger syndications.Leverage social media and content creation to build your personal brand as a multifamily expert.
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10 September 2024 | 1 reply
However, consider:Long-term market projectionsYour personal financial goalsTax implications of holding vs. selling (consult a local tax advisor)Partnership Structure:Clear, written agreement detailing responsibilities, profit sharing, dispute resolutionRegular financial reporting and meetingsExit strategy for both partiesConsider forming a legal entity for the partnershipFull Bank Financing: If the bank would finance the entire project including renovations, this could potentially be more advantageous.
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11 September 2024 | 6 replies
If you have a website, Instagram or other social page for the house, having those convey as well are always welcome.Our market is heavily driven by STR near the theme parks, so not sure how the SLC market works, but to me, having it still operating is a must.
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10 September 2024 | 6 replies
If you go this route it’s important the base contract is carefully reviewed and negotiated as the implications of the terms grow considerably as more properties are added to the engagement.