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4 January 2025 | 11 replies
Geez...I would notify the (female) tenant that she is in breach of contract.
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2 January 2025 | 2 replies
And also I inherited the tenant and havent signed lease with them been advised to better honor the same terms of the seller until their contract finish.
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19 February 2025 | 88 replies
If something has only a 1 in 2 chance of occurring but returns 10x if it occurs, that is typically a good investment.My last purchase (not the one I am currently under contract but last purchase) was large negative cash flow at aquisition.
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28 December 2024 | 11 replies
Purchase contract should show the entire legal as platted.
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30 December 2024 | 4 replies
A contract with financing should work just as well to get more time.
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13 January 2025 | 31 replies
It does not take that many hours to look at a property, sign a contract or even manage tenants.If you are bored in your 9-5 it's time to move on to a job where you learn and get challenged so you can grow.
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31 December 2024 | 6 replies
You can delay the sales of the properties for your convenience.If you put all the properties on the market now and one property gets under contract before the others, you can sing into the contract that you can potentially delay the closing date by a certain amount of days.Best of luck!
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13 January 2025 | 30 replies
@Robert Quiroz I think all of the factors you have listed might contribute.So I’m not going to comment on that but I am going to comment on an assumption you made.If 85% of rents are below market on deals you underwrite then those contract rents are probably THE market rent.You can’t just go based upon area median income to rent ratio.First off urban areas are oftentimes street by street, block by block.
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30 December 2024 | 0 replies
The commitment letter also stated there will be contracts and other documents to sign but that never happened.- When I called the brokerage admin to let them know I had quit the team and to change my status to solo agent, they said their system shows me as a solo agent and that the TL never submitted paperwork to add me as being part of their team.
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17 January 2025 | 19 replies
On the business management side, I've invested roughly $10k into the systems for financial and operations through courses and consultants.A great Facebook group I'd recommend Remodelers Community -- I know it says remodelers but this group has a resource called the "remodelers vault" where members have pitched in their resources like contracts, cash flow trackers, QC checklists and more that are invaluable starting out as a residential GCBest of luck, you got this