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16 May 2020 | 76 replies
Their customer service is top notch, closing was easy, they are constantly in touch, and Property Management is first rate.
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2 June 2016 | 4 replies
If he proves consistent then bring him in and let him have a piece, but get your T&Cs taken care of ahead of time.
15 June 2016 | 7 replies
Such as the roof needs to be completely replaced (there is a ridge sag and seems it could fail, rafters aren't place correctly), the porch needs a larger joist as its sagging down as well, the basement still has asbestos, the basement needs waterproofing as there is a moldy smell and minor water leakage, barely update the 1st floor unit, update and correct the electrical (relocate a fuse panel in a bathroom), brand new panels in the basement with a larger feed coming in, concrete steps in front and rear of house are in need of some repair, the boilers may need to be replaced, replace a few broken windows(completely shattered, just a piece of plywood covers them now), the lower roof gutters were nailed directly into the shingles, there are no GFCI's in any bathroom or kitchen, and a few other fixes.It would be an FHA 203k with 3.5% down$9,600 per year in taxesGarbage is included in taxes, tenants pay gas and electric, owner pays waterThe 1st floor unit is a 2/1 rented for $1225, they have exclusive use of driveway, backyard and the basement. 2nd/3rd floor unit is listed as 3/1, however there is 2 bedrooms on the 3rd floor with a bathroom.
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29 June 2016 | 6 replies
If you don't go all the way up the wall with the fireplace stone you could stage it with a big clock, piece of art or TV mounted above it.
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2 July 2016 | 37 replies
My goal is to essentially build an annuity and slowly piece together a portfolio with stable cashflow.
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6 December 2016 | 4 replies
If this was an income producing property, I'd say to just close on it yourself then tack on any extra transaction costs to your indecisive/incompetent/scammy buyer if they ever do come through.Because it's just a piece of ground, I'd be more hesitant to buy it, but your buyer sounds shady, Chris.
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30 August 2017 | 50 replies
People lie, people leave out important pieces of information, but documentation tells you a lot.
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20 February 2017 | 14 replies
For my area that would be high unless the property was real low priced (A piece of land for 15K, a low end mobile home, a house falling down that will require a cash buyer who wants to demo it).
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9 March 2017 | 3 replies
Because a 1031 exchange is the sale of a piece of investment property followed by the purchase of a piece of investment property within the regulatory timelines and process.
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23 March 2017 | 8 replies
As I'm getting closer, I'm getting really nervous about that piece.