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19 March 2024 | 11 replies
Long-Term Rentals: While not ideal for short-term stays, focusing on traditional long-term rentals can provide stable income and avoid regulation complexities.
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19 March 2024 | 19 replies
@Steve Morris he literally said in his post that he provides proof of funds with his offers.
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18 March 2024 | 0 replies
Yes, I have the lender that will provide the funding.
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18 March 2024 | 14 replies
Plus you won't need to provide tax returns or paystubs, lenders will look at the return on investment of the property itself.
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18 March 2024 | 13 replies
I've provided the management company everything they've requested (photos, videos) over 12 business days ago and every time I call or email I get told they're investigating the situation.
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18 March 2024 | 5 replies
We've actually attempted to clarify this recently with an update to provide some clarity.
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19 March 2024 | 12 replies
The main items in our renovation are:New water main from curb and valveNew electric service and panelAdd bathroom + convert to full bathLVP in 70% of the houseInterior PaintingAdditional bedrooms in basementKitchenette in basementEgress(x2) in basementOur scope of work should create a great living space for us to grow into, but also provide a rental unit that competes (or even exceeds) the area offerings for medium term rentals.
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16 March 2024 | 21 replies
@Derek Lacy Like Derek we require the tenants to provide renters in insurance with GC Realty & Dev as an additional insured.
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18 March 2024 | 6 replies
However, it's always best to walk the property with an agent who can give a decent guestimate on the repair cost of the house to see if the list price will work before sending out a GC.If your properties are ideal for flips and they are actually priced to sell, they will likely go under contract before you can coordinate all of that so you need to be on your game at all times.If you're working with an agent, they should be able to provide you with a rolodex of inspectors, lenders, and GCs they work with to take the burden off yourself.
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19 March 2024 | 19 replies
right now its more looking like a solid 30% down providing 100% of construction upto 65% ARV .