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15 March 2020 | 18 replies
I ALWAYS have separate pros inspect the roof, HVAC, structural (if something is seen that warrants it), sewer main (or, septic, including separate sewer scope for drainfield AND perk test), and water well (bacteria and pump flow, etc.), if not on public water.
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13 March 2020 | 4 replies
Any property built before 1978 comes with an Addendum S / Lead Based Paint - nobody ever tests, because once you know, you have to disclose.
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15 March 2020 | 12 replies
This leads me to believe the rules may be bent further.It definitely wouldn’t hurt to try, as I feel there will be very loose standards and oversight as this is rolled out.
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18 March 2020 | 1 reply
We think we should still use a property manager to help us get the ball rolling.
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16 March 2020 | 2 replies
Review their websites. 4) give a few a call and discuss their process and requirements. 5) plan, model a deal, and get back in touch to stress test it. 6) if it’s of interest to most of them, refine it and then pitch a number of lenders.
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13 March 2020 | 1 reply
Currently dealing with a bank for a new mortgage (trying to roll over $11,000 losses from repairs, ect)The property cash flows at $400/mo, but I rolled over all my losses, taxes says 0 gain, 0 loss, but I rolled over all the extra 'losses' until next year.Mortgage is trying to tell me that I am losing $800/mo on the property and being a pain in the *** for approving my new loan.I know the freddy and fannie verbiage says something like after one year only the net gain and net loss can be calculated.
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15 March 2020 | 6 replies
If there was a child living in your property who had elevated levels of lead in his blood and a risk assessment was done, the test would swab areas inside of the windows.
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17 March 2020 | 13 replies
It involves proactive communication, location closure protocols, PTO and compensation changes, home office equipment orders, testing of remote work plan, and many other steps.I have not heard anything from my 3rd party property manager...
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26 April 2020 | 65 replies
Not sure of my confidence in that number as we haven't tested many people, yet.