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5 June 2024 | 9 replies
Hi Sam, If the property is priced well and there is an expectation of a handful of offers that you would be competing against, it may be helpful to work with a lender can issue an expedited commitment on the loan within 24-28 hours of getting into contract.
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5 June 2024 | 2 replies
Investment Info:Single-family residence fix & flip investment.
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5 June 2024 | 5 replies
I don't see why I would for the squatter but I want to make sure they don't have some way of coming after me in court.Also what is a good security system people use for flips?
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5 June 2024 | 2 replies
My issue is i currently do not have the necessary funds for the down deposit for the purchase.( Roughly 20-25%).
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5 June 2024 | 0 replies
So, they will need to remove insulation to access all joists/floor boards.We agreed Dehumidifier to be installed to prevent the issue from reoccurring.I already have vapor barrier installed.Crawl Space Ninja stated that the fiberglass blanket insulation between the joists in my crawlspace can remain removed post remediation.
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5 June 2024 | 5 replies
How big of an issue are maintenance requests from residents in terms of time, cost and resident frustration?
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5 June 2024 | 3 replies
Hi Scott, It sounds like a good opportunity to deploy the contingency fund for the issue with the roof that popped up.As tempting as it is to use that contingency money to pay down the loan faster I think that sticking with the original purpose of the funds and updating the roof is the best use of that capital for the following reasons:1.An updated roof adds value to the property.
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5 June 2024 | 2 replies
The wholesale/realtor/flip side of our business also was completely dead during that time and we had a lot of vacancies in our LTRs so it was a very challenging time.
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2 June 2024 | 10 replies
You may need to show that you have completed at least 1 fix and flip or hold to get the full cash out, otherwise it may just be a hold back for the renovations and a rate and term refinance for your 1st mortgage
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5 June 2024 | 27 replies
Many of the issues that eat away at cash flow come from not having reliable boots on the ground.