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9 January 2024 | 2 replies
I just had an issue where we put in a claim because we had to fix the components of an electric water heater (elements, thermostats and breaker) - and the warranty company refused to cover the costs for the thermostats and breaker because they were deemed "consequential" issues resulting from a faulty element.
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19 December 2023 | 1 reply
Care to share any details about the owner financing component?
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19 July 2022 | 4 replies
I understand the components of this notification but, it would be helpful to have a template while constructing the document.
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10 December 2023 | 11 replies
if there is a value add component you might be able to find a local or regional hard money lender that would allow a seller second behind their first position lien.
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6 December 2023 | 2 replies
Given the rehab component, most lenders are not going to be comfy with you funding the rehab out of pocket (they'll want to disburse funds on draw - at least from my experience).
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10 January 2024 | 0 replies
Professional HelpIf the infestation is severe or if you're dealing with dangerous pests like venomous spiders or aggressive rodents, it's best to call a professional pest control service.Environmental HazardsEnvironmental hazards are things in our surroundings that can be harmful to our health or the environment itself.These hazards can come in many forms, and it's essential to be aware of them to stay safe.One common environmental hazard is pollution.This can include air pollution, where harmful gases and particles are released into the air, making it difficult to breathe and causing health problems.Water pollution is another concern, where chemicals and contaminants get into our water sources, making them unsafe to drink or swim in.Soil pollution can harm plants and animals, disrupting ecosystems.Other environmental hazards include natural disasters like hurricanes, earthquakes, and floods.These events can cause significant damage to homes and communities and pose risks to human life.To protect ourselves and the environment, we must be mindful of these hazards and take steps to reduce our impact on the planet.This includes conserving resources, reducing pollution, and being prepared for natural disasters.By understanding and addressing environmental hazards, we can create a safer and healthier world for ourselves and future generations.Safety FeaturesSafety features are like the guardians of a property, making sure everyone inside stays safe and sound.These important elements are like your own personal superheroes, always ready to protect you from harm.Let's take a closer look at what safety features are and why they matter.Safety features in a property include things like smoke detectors, carbon monoxide detectors, fire extinguishers, and even security systems.These devices are designed to alert you if there's a danger, like a fire or a gas leak, so you can take action quickly.Smoke detectors are like little detectives that can sense smoke in the air.When they do, they make a loud beeping noise to let you know there might be a fire.Carbon monoxide detectors are like sniffing machines that can detect a colorless and odorless gas that can be very harmful.
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2 April 2019 | 26 replies
By taking advantage of the loopholes that I taught him about cost segregation and component appreciation, every year his 30 or so rental properties generate a $48,000 loss.
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4 February 2020 | 1 reply
It's going to ask you about a renovation- it's not going to separate out allowable components that you can potentially expense at once using bonus ect.
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6 January 2020 | 127 replies
We were off on our rehab numbers but because of the conservative ARV and rents, the property still was a textbook BRRRR deal and is now a cash-flowing rental which we plan to hold for 7-10 years (because most of the major components are new).What's next?