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4 March 2024 | 20 replies
If you have an insurance claim with renters in the property and a homeowner policy I would expect the claim to be denied.The benefit of landlord insurance is that it will actually cover you, if you try to rent a house out with a typical homeowner policy you are simply not covered (even though you are paying premiums).Insurance is not where you want to go lowest bidder or look to cut corners - it is there to save your behind in the event of a major incident.
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4 March 2024 | 8 replies
Also talked to various finance professionals to get creative on getting across the finish line.Initially it was me and one other GP, but we brought on a third GP to help us raise recently - pending him actually helping raise the funds.We're looking to raise 900k, 700k to close. 400k raised so far (including GP equity), 300k more needed, with 2 weeks left to close.
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5 March 2024 | 10 replies
However, ideally if we started both with the understanding that collaborations and building the right team in conjunction for planning for our larger future and objectives we'd get to the "freedom" that we are all actually chasing via RE that much faster.
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4 March 2024 | 4 replies
I actually have 2 of my properties on the market.
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4 March 2024 | 5 replies
i personally use my regular phone but you could use a google voice number or an actual physical work phone with a different line. i'd do google voice so you're not carrying around 2 phones. :)
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5 March 2024 | 12 replies
Ask for references from a few realtors.I will say that the front office/paralegals are the people you actually want to get.
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4 March 2024 | 14 replies
Are you an actual buyer or a wholesaler?
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4 March 2024 | 8 replies
Watch the auctions for a month or two (do some simulations for practice) before you actually bid.Otherwise you will likely run home with your tail between your legs.
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4 March 2024 | 9 replies
You might have to try all of them before you actually realize what you enjoy.
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4 March 2024 | 7 replies
I will be adding a utility closet in the 2nd floor full bath to store linens etc.For added value, I would actually add the washer/dryer.