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18 March 2024 | 1 reply
One of which is a rodent issue; to remediate this we have hired a pest control company to do a full service inspection and trapping job for several weeks, but we are still having issues.
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18 March 2024 | 7 replies
This might strain the schedule for your project.Risk: Significant financial losses, including the possibility of losing your property in the event that you fail on the loan, might arise from a repair and flip project gone awry.Due Diligence: To make sure a hard money lender is respectable and reliable, it is crucial to carry out extensive research and due diligence before selecting one.Before proceeding with a hard money lender, consider your financial situation, risk tolerance, and investment goals carefully.
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18 March 2024 | 2 replies
I wouldn't risk it personally though.
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18 March 2024 | 2 replies
If interest rates do not go down in several years, will that have any impact?
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19 March 2024 | 11 replies
Seems like this makes sense in terms of risk mitigation, estimating values/deals, etc.How do you go about finding the data to make such a classification especially as a new investor?
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18 March 2024 | 10 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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18 March 2024 | 3 replies
Analyzing the profitability of a rental property involves several steps.
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18 March 2024 | 5 replies
What Greg is suggesting is interesting, but has inherit risk, especially if the tenants change their minds, then you are really screwed.
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18 March 2024 | 1 reply
@William CoetJust add it in as one of the items.Not sure where this is located but in many locations solar is a secondary use (means can have solar after has another use)Also most solar companies looking for land do not get out of bed for less than several hundreds of acres.
17 March 2024 | 24 replies
If you don’t have any debt on your properties and you feel comfortable taking the risk of self insuring, you are still ignoring the greater risk from liability claims.