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1 February 2017 | 13 replies
I agree with some of your concerns, but if you structure your lease term from August-June, you could mitigate the vacancy and still receive rent for 11/12 months, with one month to turnover the rental and complete any improvements that are needed.
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6 October 2016 | 4 replies
The work is all online and you have 1 year to complete all courses.
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6 October 2016 | 4 replies
I did go driving for dollars and found 2 properties that I am going to send letters to the owners so it wasn't a complete waste of time.
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5 January 2017 | 13 replies
Net zero is trying to completely eliminate energy payments or energy input.
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5 December 2019 | 5 replies
I'm not a lawyer so this is not professional advice, only advice from my education.I don't think the 1003 application is overkill, the more documentation, the better in the event things go sour.In terms of...Terms, from what I've heard from Larry Harbolt who I attended an in-depth seminar on regarding owner financing...The terms are completely up to you.
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12 October 2016 | 15 replies
Hello BP,I came across a property (SFH) that is offered for sale with the following clause:Buyer will accept with a quit claim deed-no title insurance, assume any liens, code violations, fines.The property is owned buy a bank but I wonder what can possibly be so wrong with the title that the bank cannot fix it and want to quit claim it to a buyer.
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7 October 2016 | 5 replies
I completely overlooked the mortgage fees.
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12 October 2016 | 34 replies
After a completed first purchase and property management have proven themselves, then I consider it a lot less important to return to the area for a first hand look at additional properties.
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7 October 2016 | 2 replies
Say for instance, homeowner decides to back out of deal once started, decides they dont want to sell once renovation is complete etc etc?
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12 October 2016 | 13 replies
Here is a part of the letter, I sent to the seller:The home inspection was completed on September 29th (please see attached) and the following issues were pointed out: 1.The wooden floor frame in the middle unit is deteriorating due to either prior water leak in the bathroom or due to moisture infiltration through the walls and foundation.2.There is evidence of significant settlement under the middle unit bathroom and north closet.3.The settlement of the floor and walls has also resulted in settlement of the roof frame above this area, ceiling shows cracks.4.There is an obvious depression on the roof – water is ponding on the roof above the middle unit, which adds excessive weight on the roof and potential for leaks.5.Asbestos containing material has been found.6.The current bedroom heat installations in the north and south units pose a safety hazard from carbon monoxide, fire and oxygen depletion.7.An electrician performing upgrades did not use ‘arc fault breakers’ in the north and south unit breaker panels, which is required by the national electrical code.8.Upgrades to the electrical system, promised by a real estate agent, have not been completed yet.