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2 April 2024 | 8 replies
Your lender will direct you in the best direction regarding insurance, title, and pretty much most closing tasks.
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1 April 2024 | 5 replies
Don’t interpret anything I’ve written as anti- mobile home investing.
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2 April 2024 | 12 replies
Only answering the 'when to pay' question:A lot of my flip friends will pay once a task is completed.
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2 April 2024 | 43 replies
If allowed to continue, it will affect us all.So true ^^^^ and then throw in the concept that there are far more renters than landlords, and they will not think twice about voting in propositions and politicians that are anti-property owner.
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1 April 2024 | 4 replies
This is a process that can be done on the internet in a simple manner in most states and there are plenty of filing services who can complete this task for less than an attorney will charge.
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1 April 2024 | 48 replies
GFCI protection will also be required and possibly AFCI dependent upon code cycle.Make sure the plumber double checks backflow and anti scald codes.
1 April 2024 | 1 reply
@Paul DavidsonThe PM manages the property and handles all tasks associated with that.
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1 April 2024 | 20 replies
I understand this is not an easy task as the price in those areas are increasing, but we're trying our best to keep the maximum budget at $500K for the primary residence.- We have started the pre-approval process with a lender and have a realtor we're working with to purchase the houseInvestment Strategy:- Aim to maximize cash flow while seeking appreciation.- Ideal cash flow target is $2K+ per month.- Planning to allocate the remaining $250K towards purchasing two properties in the Midwest market (e.g., Cleveland, Columbus, Indianapolis, Kansas City and open to exploring new areas where the entry point is affordable but the cash flow is stable).- Seeking properties that can generate $2K+ a month in combined rent after factoring in property management, insurance, and property tax expenses.Seeking Advice:- Would purchasing two houses in the Midwest to achieve $2K+ cash flow per month be a sound strategy, or do you recommend alternative approaches?
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3 April 2024 | 83 replies
You're also wasting your time performing tasks which are unneeded and unwanted, such as attending the inspection and preparing an appraisal packet to be delivered at the appraisal inspection.- Any info to be provided to the Appraiser MUST be provided when the Appraiser first makes contact.
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1 April 2024 | 12 replies
Getting started is as always the hardest part - building out the logistics, legal bits (for import duties, etc), marketing (be it a website, direct b2b marketing or Amazon) and sourcing the right suppliers are all equally difficult (yet interesting) tasks.