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18 December 2024 | 3 replies
I have never dealt with an investor who didn't physically go to the property & most look up zoning regulations before even giving me an offer!
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15 December 2024 | 2 replies
Tenant was acquired with property upon closing(they have lived in their unit for 2+ years with on time payments). Their previous lease includes a portion of storage in the basement with laundry access(also in basement...
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30 December 2024 | 819 replies
Structurally it’s in very good shape.
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18 December 2024 | 6 replies
I basically just told them when they moved in that any drama that may arise from them sharing the house is between them and has nothing to do with me (as long as the house/people aren't being physically harmed).If you do end up renting to veterans I think your best bet to ensure everyone gets along is to just make one lease for all 4 bedrooms.
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20 December 2024 | 1 reply
Sometimes pulling out equity and reinvesting it elsewhere..maybe in a smaller, more agile asset..can give you the cash flow boost you’re after without giving up a solid property.Improving the property’s current performance by making it more appealing to tenants or tweaking lease structures could give you a nice bump.
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20 December 2024 | 27 replies
You can only play games for so long.Chances are your next door neighbor is an IRS agent and turns you in when your tenants blocks their drive or some other random event disturbing your IRS neighbor.ADU catches fire and your insurance won't cover you, because it was an illegal and unpermitted structure.The city inspector told the last guy not to build or rent it, and is now pissed and wants to make an example of you and just red tags the whole property and no one can occupy for the next 1-2-3 years while you wait for a hearing.Then when you get the hearing, "staff" recommends you tear the whole structure down, and if you still want an ADU, you can apply for a permit and rebuild it.Your tenant quits paying rent and won't move out and you can't evict them, because there is no valid lease and they're just your "roommate".Probably a dozen other bad things can happen to you when you do stuff like this.
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10 December 2024 | 7 replies
I would note that some lenders don't like "layered" ownership structures.
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19 December 2024 | 8 replies
The only difference is the structure?
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16 December 2024 | 17 replies
We have a physical location downtown Greensboro and would love to connect with you locally!
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17 December 2024 | 8 replies
Definitely get the structural engineer to look at the joists & support beams to see what's up with the uneven floors.