We decided we needed to either double down and buy probably 2 more laundromats to have the cash flow for a manager, or sell.

It's a 3 bedroom house and we plan to use technology such as a smart lock, WIFI exterior cameras, and a smart thermostat.

These prices doubled during COVID and would probably triple if tariffs or shutdown with China.  

Now that rates have doubled, a bank could call notes due, take the property back at a dramatically increased value, and resell it at 8% to make a huge profit.Pace talks about SubTo insurance to protect the investor from these scenarios.

They told him, “We need more 3-bedroom homes near schools.”

I conducted title searches to confirm there are no liens and double-checked with the county to ensure there are no outstanding debts.

I have a pro forma  using very pessimistic occupancy/booking percentages (worst case scenarios) which identify a very nice cash on cash return, and the ARV will (again, pessimistically) be at least double the purchase+rehab costs. 

The tenants are currently in court with a title dispute so the house would have to be paid for cash only.I would like to convert it to a primary residence and turn the garden level into a separate two bedroom apartment for use as an in law suite.

It ended up okay, but it sure taught her to slow down and get comfortable digging deep into the due diligence.Here in San Diego, I’ve seen the seasoned investors always double-check with a well-regarded local title attorney..I’ve heard there are a few firms around downtown that specialize in smoothing out odball title issues..or a trusted property manager who knows what unique fees to expect.

Howdy Everyone, I just put a 4-bedroom, 3-full-bath new-build home under contract in Bryan, Texas, using a VA loan.