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1 April 2024 | 13 replies
Quote from @John Underwood: Also insurance rates are cheaper in SC than FL.Heavy emphasis on this one, especially if you are doing any kind of BRRRR, not only will insurance be expensive, but might also be tricky to find as some providers have stopped servicing FL all together.
1 April 2024 | 4 replies
Account Closed Given the seller is willing to finance 70% of the purchase price of $1.8M ($1.26M) that means you need to come up with $540,000 + settlement costs, reserves and a budgetary number for repairs unless the property does not require any improvements or upgrades.
1 April 2024 | 1 reply
I’m looking at executing on a 15 unit deal and using third party PM.My question for those who have done the same, how does the third party execute the various requirements such as leasing & maintenance and how much do you pay for those services?
1 April 2024 | 1 reply
Also, keep in mind that PMs often have add-on fees for tenant placement, managing repairs etc in addition to collecting a fee for monthly management.
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1 April 2024 | 11 replies
You can always wire and not install or do something like a ring doorbell that you discontinue after rehab and they pick up the service or not if they want it.
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1 April 2024 | 5 replies
It isn't registered with USPS; can't be found on any online service like Google Maps or Amazon, and doesn't even have a mailbox to receive mail.
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1 April 2024 | 5 replies
Thank you also for your service.
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1 April 2024 | 4 replies
@Nickolas WolfeCost segregation applies to when the property was first placed in service which is 2021.
2 April 2024 | 24 replies
But as it goes, you just bring to them the inspection, contractor bids, a scope of work and total price estimate and they will hold back the money for repairs in escrow.
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1 April 2024 | 14 replies
You will be researching your own rent levels, your own vacancy, your own landscaping budgets, your own repair estimates based on unit condition, etc.