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9 January 2023 | 22 replies
My point is valid regarding eyes on items that are broken since this is part of our checklist.
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11 February 2015 | 3 replies
By doing a high volume of properties I get a better price on items so a contractor giving a bid will always be a lot higher than what I could get it done for.
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24 July 2016 | 19 replies
Granted, if you find large, unexpected items during your diligence that you could not have reasonably known about you might consider taking it up with the seller, but most of the things you listed are minor.
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22 February 2015 | 7 replies
I didn't put those in at first draft and wanted to know what are the missing items.
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11 March 2015 | 10 replies
At this point my next logical step will be to have an inspector go through and assess the rest of the property for other maintenance items.
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18 February 2015 | 1 reply
If you get a whole-lotta "nothing" as an answer you should be fine to budget nothing and just pay for items as they come up.
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24 February 2015 | 9 replies
Hi Zachary,I do have some thoughts, but I wanted to clarify three quick items first:When you say "Seller put 30k into it," do you mean as a down payment, or as repair expenses?
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24 February 2015 | 18 replies
The investment into education and knowledge in general is priceless and generally less expensive then your first potential mistake without having it to begin with.Second step in the knowledge process is, after the foundation knowledge is set and you understand the acronyms in the industry, street talk, construction lingo, valuations, exit strategies...then you can add to your tool-belt some items that may facilitate a further analysis like spreadsheets, apps, etc.Real Estate Investing is a TEAM Sport, and to try to understand everything on your own to the point that you feel comfortable to then act is an unreasonable expectation.Surround yourself with a strong Team, an experienced Mentor local to you, have that foundation education completed, put that tool-belt together and then act on a sound opportunity.NOTE: Wholesaling gives you an opportunity to practice what you learn, gives you an opportunity to vet your Team and affords you the opportunity to valuate the property without risk to start with.
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20 February 2015 | 4 replies
Also, craigslist is great for large items like doors, cabinets, countertops, vanities, etc… and even tools!