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30 August 2024 | 7 replies
In some cases, your lender may be able to assist (as a courtesy) to help you get the resources you need to get back on track (e.g., other borrowers in your market, contacts for tried and proven contractors, etc).Of all things to do, you should not hide and ignore phone calls.And last but not least, if none of that works, list the property in hopes to recoup your losses and let another investor take over and get out of the project and take the lessons you learned and apply them to the next one.
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29 August 2024 | 7 replies
If you talk with your insurance carrier, they may help make the decision for you.We would never allow hot tubs.
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28 August 2024 | 22 replies
Hope this helps you in your REI journey.
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29 August 2024 | 2 replies
I think the investor was struggling with too many properties and insufficient help to finalize the projects, which was understandable.
26 August 2024 | 17 replies
I’d prefer to sell out right (get the higher price from an owner occupant.) and then just move in to a true rental in the same neighborhood.
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30 August 2024 | 12 replies
@Peter SawyerIf you see an expense, for example, that looks high you can run it by people here on the BP forums and ask for a local opinion; I'm always happy to help.
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2 September 2024 | 12 replies
However there are other investors who feel very differently and love turnkey operators.Hope this helps.
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28 August 2024 | 17 replies
Being blocked from the bank account really worries me and I don't necessarily have funds to pay for legal help.
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29 August 2024 | 2 replies
These are just a few starting places that could help you sort through your plans!
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28 August 2024 | 2 replies
I haven't heard of those companies but some youtube searching can help add some nuance to the thinking.