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5 December 2024 | 34 replies
If the security deposit is not enough to cover lost rent, utilities, and damage, you are welcome to sue in small claims court (which most of us have never done).
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5 December 2024 | 4 replies
They sound like regular conversations where the RE professional/investor is genuinely interested in discovering the seller's pain points to help find a solution.All the best!
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7 December 2024 | 8 replies
Main goal is to listen... then follow-up regularly.
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6 December 2024 | 15 replies
Nationwide sent a non-renewal letter for an 8-plex, claiming property was within 1 mile of a fire hazard zone.
4 December 2024 | 3 replies
Any other recommendation to ensurebthat umrella insurance is full proof and that it actually works and they dont bring that one disclaimer if and when it comes for actually paying for the insurance claim, if ever.
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7 December 2024 | 8 replies
I could have bought it and arranged to upgrade the panel on Day 1 after we closed but I didn’t feel good enough about taking the risk on a $280,000 deal in the event there was a problem and I had to try to make a claim prior to the repair.
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18 December 2024 | 45 replies
@Nathan Frost uhm, not sure you understand Detroit market.Motion lights & cameras may work half the time at best.Too many insurance claims will get you cancelled and eventually black-balled.But, what do we know after 24 years in the Detroit market...
2 December 2024 | 2 replies
If the PM screwed up your insurance claim, why did you continue working with them?
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3 December 2024 | 21 replies
I will also be tracking expenses related to repairs, maintenance, travel to and from NV, hotel stays, meals, gas, and other regular business costs.In the long term, I aim to purchase additional properties under the business name, but I understand I need to establish at least two years of income and credit history before doing so.The issue I’m encountering is that my accountant has not provided any guidance on how to structure this scenario.
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2 December 2024 | 21 replies
Everything has been cash so far but I have contacted several local banks and all of them have said about 1-2%+ above regular mortgage rates, 3-5y ARM with 15-25y term, and 20-30% down.