
7 February 2020 | 11 replies
I currently do not hold "employment" with the contracting company and am a professional poker player who does not report much verifiable income.

1 February 2020 | 0 replies
Also how would one verify a “top 100” realtor also?
2 February 2020 | 4 replies
I currently don't have MLS access so I've been using mainly Zillow and Redfin, but I was wondering if there's a way to be able to verify which it is, like via public property records or anything?

6 February 2020 | 11 replies
Have some money in reserves in case something goes wrong, be conservative in your underwriting (but not too conservative where you are never pulling the trigger), and make sure to trust but verify what the seller tells you about the deal.

18 February 2020 | 9 replies
Down Payment - $17,700 (20%)Closing Cost – TBA (estimate is $6500)The property is currently occupied by a tenant, we do not have an appetite to keep them in place for a couple reasons We don’t want our tenant to know more about the house than we do.We have read Brandon’s book on managing rental properties and feel that we need to take ownership of the tenant screening process and develop real skills in this area.The tenants are a family friend of the current owner and the rent rate is way below market rates.During the walk through we noticed there is a spongy floor in the hall bathroomIt seems there was/is a leak associated with the bathtub and it has caused damaged to the subfloor, joists, etc.We have had the termite inspection completed and after talking with the termite inspector here are our key takeaways.We start with getting a termite treatment in place to resolve the one small termite trail they found.The seller will pay for this as we made the contract contingent on getting a clear termite letter.Next, we need to verify the cause of the water damage has been fixed and will not create additional issues in the future3rd we need to make necessary repairs to the joists, subfloors, etc in the hall bathroom.4th we need to clean out the crawl space underneath this house5th We need to replace the insulation and old vapor barrier underneath the house.6th we need to install vent wells for the vent ports outside the house.With tenants still living at the property it is very difficult to get access to the house during this time period.As soon as we have full access to the house our plan is to do very systematic walk-throughs and start building a punch list for repairs.We have multiple people involved in this industry who have offered to come do walk-throughs with us and provide suggestions on items we should fix and how to fix them.Our plan is to do 3 or 4 walk-through's, build out a line item punch list and then start prioritizing what needs to be fixed.We plan to support these punch lists with photos or videos as appropriate to help speed up getting quotes from contractors.Because this is such a small house (1125 Sq. ft) we feel we can keep our rehab costs reasonable.We plan to be very involved in the rehabbing process in order to save money but also to gain experience so that for future projects we have a better understand of what we don’t mind doing and what we know we want to contract out.Next Steps Closing is first week of March, 2020Working through the financing process right now with the same bank who is refinancing our primary residence.Trying to get organized and prepare ourselves to get the rehab finished ASAP.I plan to make weekly updates on this; any feedback or questions you have would be great.

3 February 2020 | 3 replies
The property was recently renovated and does not appear to require any significant repairs, and that is also according to the owner, but I'll verify with inspection.

7 February 2020 | 13 replies
I've checked with the county to verify zoning and setback requirements.

10 February 2020 | 7 replies
If you were to live in the home, you can put in beam jacks, move in, and then raise the house in spots a bit every week or so.Since I feel that time is of the essence, your contractor, with verified insurance and a license, will be busting some plaster.
7 February 2020 | 2 replies
They should be circulating an estoppel letter/certificate to each tenant which has the tenant verify to the buyer that the language in the lease is correct, if the lease has been amended or modified, current landlord has performed as they should and tenant is up to date with all of their financial obligations.

10 February 2020 | 6 replies
I have also heard from people using VA's for phone calls that US firms are better and sellers are more receptive to speaking with an individual with their primary language being english, but I haven't verified that.