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9 January 2023 | 3 replies
Is there a way to find which neighborhoods are good and which ones you want avoid without looking up every single one of them at a time?
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11 May 2023 | 1 reply
Hire a coach / mentor who has done this type of project more than once and can provide detailed insight on the steps, pitfalls, dangers, etc. or research / study for at least 3 hours per day for the next 90 days and read books on the subject.
29 June 2018 | 24 replies
Account Closed excellent illustration of what can happen if the market shifts even a little, the dangers short term/long amort debt, and the relationship between cap rates and interest rates.
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23 July 2021 | 17 replies
Most likely we always had to "shore up" the frame and weight of the building with beams to just hold up the roof while we worked to replace the rotted timber.. it actually gets kind of dangerous at times.Moral of the story, peel off the veneer or sheet rock until you see no more dry rot, then you can estimate the cost
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19 October 2020 | 2 replies
I emailed Spartan again explaining the danger they'd put my agent in and asking them how they could remedy the situation since I felt getting the tenant out should have been their responsibility and suggesting they cover the cost as a courtesy, at this point, to change locks and cover my mortgage during the wasted time they cost me.Their response was that it was me who asked to have someone else handle the property and that they had a leasing agent physically go there on the 14th and it was vacant so they knew it was vacant.
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2 March 2017 | 12 replies
this is a very dangerous kind of investment in Atlanta.
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8 May 2023 | 9 replies
.- Look in the crawl space and attic if you can (always have a pocket flashlight on you)- Roof-Chimney- Gutters/Soffits/Downs- Paint/Siding- Electric Service Drop (older homes with above ground wires)- Electrical Breaker Box- Exterior Doors/Jams- Porch/Deck- Termite Danger (ground is near wood)- Land Grading (for water runoff)- Cement/Asphalt-Retaining Walls-Garage (Door and function)- Landscaping-Trash Cleanup- Windows-Interior Doors-Strip Wallpaper-Drywall-Patch & Paint- Flooring (carpet, vinyl, hardwood, tile)- Ceiling Repairs-Water Damage-Trash Removal- Kitchen- Kitchen Appliances- Baths- Water Heater- Water Service Line- Water Plumbing-Waste Plumbing-Check water pressure -Electrical- Joists- FoundationTips - Check the property at different times of the dayThe street may be peaceful and quiet in the morning but in the evening, it may overflow with traffic.
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8 May 2023 | 10 replies
I am not saying that all of KC is a danger zone.You guys are local and have a vested interest in promoting KC as a great place and you will know the exact areas to buy/invest where things work out.
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2 November 2016 | 14 replies
Happy to respond.first off 100% LTC are pretty difficult to get and that's what your doing.. not saying it can't be done but the cost for those is usually about 2 to 4 points and 12% interest up to 14% .. so for him to get 10% with no points on 100% LTC is a smoking deal for himsubordinating your position to a construction loan is about as dangerous a position you can find yourself in.. if it all goes OK then its moot..
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23 March 2022 | 4 replies
But don't consolidate debt into an INCREASING payment - that can be very dangerous.