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13 July 2021 | 0 replies
not a house inspection or anything, just a person with their cell phone given your specific instructions, for example, during rehab project:drive up to the driveway, take pictures of the front and sides to see the lawn worksee signs that the building materials are properly disposed of, record a videosee signs the contractors are workingor prior to purchase of a property:take a 360-degree video of the propertygo to the property at 9 am, 3 pm, or 9 pm to see the neighborhood situationI've seen horror stories where the contractors have not worked on the project for weeks without the owner knowing, or real estate agents not telling the whole story about the neighborhood, I wonder if this gut check service is something you would use?
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18 October 2021 | 53 replies
Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...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-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!
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18 July 2021 | 2 replies
Full entitlement to a VA loan is only restored once you dispose of the property (the only exception being a one-time restoration that the VA must approve).
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21 July 2021 | 10 replies
Do they charge a financing/loan guarantee fee, disposal fee, refi fee, etc?
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21 July 2021 | 0 replies
Condo quality unit in fantastic, well-managed condo association offers hardwood floors, updated kitchen w/ dishwasher/disposal, high ceilings, tons of natural light from 3 windows.
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25 July 2021 | 5 replies
In other words, I'm not going to remodel the kitchen but I'll replace a broken garbage disposer.
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28 July 2021 | 3 replies
Totally agree about the access to CTA lines--one of the greatest benefits of living in the city--having a world class, reliable public transportation system at our disposal.
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28 July 2021 | 7 replies
I own several apartment buildings and I remove every dishwasher and garbage disposer and not one tenant every complained.
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2 August 2021 | 9 replies
I thought about asking my dad to co-sign for me. he is a high income earner and has disposable income.
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24 August 2021 | 3 replies
Having $40k+ at your disposal right now to jump on new opportunities or even just investing in the stock market in the meantime offers the potential for a much higher rate of return.