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15 July 2021 | 3 replies
Now we got a contractor to assist with some walls and he says there is definitely structural damage and is shocked this passed FHA.
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14 July 2021 | 2 replies
It looks like the schools aren't very good, but it is very close to a lot of things (some new construction nearby, not many rentals in the area except to the West about 20 blocks.
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19 July 2021 | 4 replies
house already had some repairs from hurricane damage.
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15 July 2021 | 5 replies
Which I feel will block my money into it now which restricts ability to buy anything else. what you all suggest?
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15 July 2021 | 10 replies
Today she parked back there again and I blocked the driveway out.
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18 October 2021 | 53 replies
Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!
15 July 2021 | 7 replies
Now 20+ years later, dad is dead and my brother needed to use that driveway and the gentleman went out, tried stopping him and then blocked entrance onto my moms property from her own driveway claiming he owned it.
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16 July 2021 | 7 replies
This is because California requires landlords to take reasonable steps to keep their losses to a minimum—or to "mitigate damages" in legal terms."
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15 August 2021 | 8 replies
They have every ability to block the lot split and the sales, since your land is pledged as collateral to their loan.I am not a 1031 expert, but I believe the sales would not be eligible for 1031, since the entire intent of the deal is to flip at least part of the property.
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17 July 2021 | 3 replies
Therefore, damaging the investment by not performing regular maintenance.· Trying to find things to do/charge for when there is no need in order to create additional income.· Long term agreements – trying to make as much money possible of the home while have it locked under contract· Subcontracting!!