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Results (10,000+)
Michael Gabin 150k ready to invest. Where should I start?
6 April 2020 | 28 replies
Side note: Think about this... if the Coronavirus is spooking you, how will you feel about a long vacancy, eviction, bad contractor, tenant damage to your home, etc.
Torsten Langguth Condo Flamingo - Panama City Beach FL
10 March 2020 | 0 replies
HOA issues, future assessments in regards to Hurricane damages Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Wendy Black Flipping without You Doing the Work
10 March 2020 | 2 replies
Can you make any money if you can't physically do any of the work? 
Matt Mulvihill Emotional Support Animal During Showings
16 March 2020 | 15 replies
The law generally states that if you’re allowed to bring your service or support animal, you’re still responsible for damages.
Billy Barnes Need help financing a deal; all advice welcome.
10 March 2020 | 7 replies
Damage to base of the chimney6.            203K loan?
Richard Biagini Anyone have Experience as an agent with eXp Realty in MA?
11 March 2020 | 10 replies
Sorry you had that terrible experience with them :(What’s important to me being a part time agent is not being required to be at a physical office, good split, simple administrative process during closing and a quick turnaround on commission payment 😂.
Ryan Weimer First Wholesale/Wholetail in Boise area
11 March 2020 | 5 replies
In the due diligence period - my awesome agent & partner Corby not only handled the 1031 but got me a free brand new roof on an insurance claim from previous hail damage prior to closing.
Slava Golubov Repair or rent as is
11 March 2020 | 6 replies
If your roof starts to leak, there will be damages inside that could far exceed the cost of a roof replacement now.As for the other items, they appear to be cosmetic.
Andre Medeiros Off-market deal breakers
10 March 2020 | 2 replies
Account for a thorough physical and title inspection of the property.
David Nacco Mobile Home Park Investors, Where do I Start?!
2 April 2020 | 7 replies
The “key” elements of the transaction are explored first and usually, the most intensively.The buyer should provide the seller a comprehensive disclosure statement and include a term in the purchase agreement that obligates the seller to return the document within 5 days of acceptance.Professionals are hired to complete Phase 1, 2 & 3 reports that identify potential or existing environmental contamination and all other elements of elements that are difficult for the buyer to effectively evaluate.Financial Checklist3 years profit & loss statementsRent roll with space number, name of resident, move-in date, renter or owner occupied, number of occupants, monthly rent, additional charges, current balance due and any relevant notes about the residentList of capital expenditures for the last 3 years3 years of tax returns12 months of bank statementsCurrent accounts receivable statementList of park owned home including copies of “rent to own” or sales contractsCopy of all current insurance policies, binders and premiumsSpreadsheet detailing who pays all utilities including water, sewer, gas, electric, trash, cable, etc…For all utilities and charge backs, formulas, calculations and meter readings for the past 12 months3 years of utility billsProperty tax bills for the last 2-3 yearsCurrent staffing list including position, wages, job descriptionsCopies of any contracts that will transfer to buyer including laundry, trash, phone, equipment, etc…Dates and amounts of the last 3 rent increasesSigned rules and leases for each residentNames and contact information of professional service providers including lawyers, accountants, engineers, insurance brokers, inspectors, appraisers, realtors/brokers, etc…Physical ChecklistSpreadsheet for utilities that details age, composition, capacity, physical locations, etc…Any drawings or maps of the park and infrastructure including lot sizesSewer plant or septic system repair and maintenance recordsWater well tests and compliance recordsDisclosure from seller of current or recent problems with infrastructure including buildings, water, sewer/septic, gas, electric, etc…Names and contact information of contractors including plumbers, tree surgeons, electricians, gas inspectors, septic companies, roto-rooter services, etc…Locale ChecklistProfile local housing market:“Stick-built” – current foreclosure rate, months of available inventory, median home price, average rent per month, vacancy rateApartments – average rent per month, vacancy rate, prevalence of move-in specials…MHPs Comps – average monthly charges (rent, utilities, etc…), vacancy rate, # of homes for sale, etc…Profile local economy including population, major employers, unemployment rate and trendsCopies of city, county and state permits, licenses or certificates of occupancyCheck zoning for recent or pending changes to target property and adjacent parcelsCheck for known environmental issues with target property, adjacent parcels or in the communityCheck for major development or construction projects in the communityReview existing surveys or environmental reportsConsider geographic factors including elevation, annual snow fall, rain fall, proximity to bodies of water, etc…Disclosure from seller of current or recent lawsuits, regulatory or compliance issues, fines, fees, etc…