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17 September 2024 | 22 replies
Reminder too that once you get more properties under your belt and begin having a bigger real estate investor portfolio your file begins to get more complicated and even a simply loan like DSCR sometimes may ask to prove other items.
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14 September 2024 | 32 replies
Owners are ok, not happy lol but ok with paying for items and issues, just want to understand what's going on.
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14 September 2024 | 23 replies
I would say about $8k average, sometimes reaching towards $20k depending on length of run and the difficulty of tie-in to the City main.I would not, as a buyer, wnat to take a chance on this..even if they are working well now, it is a ticking time bomb and a large expense.So I would wrap your head around the concept of offering a credit towards this item.
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14 September 2024 | 4 replies
If you were able to use the standard TREC lease agreement, there are many items that protect the property/landlord in there.
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17 September 2024 | 19 replies
Myth: You never have to worry about getting your rent when you have section 8 tenants.Reality: rent payments can get suspended if the unit fails annual inspection, even if the items that caused it to fail are the tenants fault.Reality: the tenant portion of the rent is never guaranteed.Reality: if a tenant wants to leverage you for an upgrade, like a new stove or a new refrigerator, they can cause housing payments to get suspended by filing a complaint with their caseworker.
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13 September 2024 | 7 replies
It is best to provide them with a checklist of items you are requesting.
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14 September 2024 | 5 replies
The first line of item #1 of the note should be:Who is that.
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14 September 2024 | 9 replies
Have you taken the previous inspection report and verified all the items are completed per the inspection report.
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21 September 2024 | 69 replies
On the residential side my experience has been that any cash flow I accumulate gets eaten by major “replacement” items every three years.
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12 September 2024 | 9 replies
My question is how much I should charge him for each of these items.