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30 January 2025 | 7 replies
Verifying last 2 years of rental history very important!
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2 February 2025 | 8 replies
Once under contract you do significant more due diligence to verify the data you have been given.
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24 January 2025 | 4 replies
.- Collect Tax Certificate to verify Property Taxes are Paid- Get a current statement from the seller to verify the existing balance, if they are delinquent, you can get the bank on the phone to verify the amount to make the loan current.- Review the loan documents, there is most likely a due on sale clause, which is why you won't find a title company to process these for you.
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27 January 2025 | 12 replies
Verifying last 2 years of rental history very important!
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27 January 2025 | 12 replies
@Albert Gallucci as many have pointed out, in the commercial space of 100+ apartment buildings and offices, property classes have some pretty decent industry standards.We started applying these to 1-4 unit properties around 10 years ago, which you can verify on our blogs, because we saw too many newbie investors not properly taking into account things like, neighborhood status, tenant pool, property condition, etc.Unfortunately, there's no industry standard for this, but you can use some basic logic to think your way through your own Classifications.
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20 February 2025 | 5 replies
It’s still rough and has plenty of room for improvement, but I can upload photos of a distressed property, tax records, comps, lender rates, and local rehab costs.From there, it analyzes the photos to identify repairs, explains why they’re needed, estimates costs for each item, calculates the total rehab budget, determines ARV based on comps, and provides an expected return—basically automating a lot of what spreadsheets already do.It’s not meant to replace an analyst, and of course, everything still needs to be verified.
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19 February 2025 | 10 replies
Can anyone verify if this is accurate?
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30 January 2025 | 5 replies
Tenants should pay utilities - they're consuming those and landlords should 'inspect' what they expect on a quarterly basis and that includes verifying that utilities are current.
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17 February 2025 | 4 replies
Be aware of excuse makers, people who will seem bothered by you verifying what they say, perpetually late people, people who seem so busy they always have 'something going on'.
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4 February 2025 | 10 replies
This straightforward process allows you to verify encumbrances before considering a property investment.Alternatively, engaging a title company can offer a more comprehensive approach to uncovering liens.