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15 November 2024 | 8 replies
Check the county records to see if the names match and you can also skiptrace the owner and call them to confirm they are selling the property - I wouldnt do that if your buying from a wholesaler though since it may look like you are trying to go behind their back.
14 November 2024 | 6 replies
I like RentSpree because the prospective tenant can upload all of their docs into the system and the system auto-emails all references to confirm.
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14 November 2024 | 7 replies
A good vendor will often provide insights and a documented professional opinion, which can serve as third-party confirmation.
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15 November 2024 | 8 replies
House 1 you’ve owned for 9 years, how are your cash reserves?
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16 November 2024 | 3 replies
I'm covering the leverage and have reserves in place for any capex expenses.
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13 November 2024 | 8 replies
Can you put some reserves into a "lock box" type account that is your money but locked at escrow for up to a period of time.
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15 November 2024 | 5 replies
To protect yourselves, ask the sellers for written documentation confirming that the tenant is back-paying.
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14 November 2024 | 22 replies
Can you show reserves factoring the DP and closing costs?
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13 November 2024 | 8 replies
(Still awaiting Seller to confirm report it’s been done as she agreed to the inspectors recommendation but has mentioned she’s not replacing it) In additional to the foundation has shifted and need reconstructed due to a lot of slopping in the home (My agent said it comes with wear and tear, so they might argue that their not going to fix it so I didn’t put it on the IRSA to repair).
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13 November 2024 | 2 replies
People told us that the streets weren't safe at night, and I can confirm that because we had a trailer stolen from a parking lot overnight!