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27 May 2024 | 9 replies
We feel very confident in our underwriting, but given the jump that we made from SFH to an apartment building, we want to ensure we're not missing steps in our DD/inspection plan.Here's our current plan:1) Have a general inspector complete a Property Condition Assessment.2) Have specialists complete an evaluation of the roof, electrical, foundation, and heat source (2 steam boilers).3) Review financials, all leases, existing service contracts, rent roll, tax assessment, rental certificate, and 12 months of work orders.Here's what I'm not sure about:1) Are there DD items (specifically those that we would request from the seller) that are not captured within #3 above that we should be requesting?
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31 May 2024 | 187 replies
After you eliminate all personal debt besides your mortgage & max out retirement accounts & have a healthy savings account, you need to set aside downpayment + reserves to buy 1 house every 2-3 years and allocate a % to equities & private debt offerings as the rest.
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28 May 2024 | 9 replies
A lot of what goes into your offer will depend on what you want to do with the property.
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28 May 2024 | 5 replies
The City of Findlay also offers property tax incentives for developing vacant land.
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26 May 2024 | 14 replies
Buyer agents will reduce in number because many offer the same services.
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28 May 2024 | 7 replies
She doesn't want to list it and sell it traditionally because of fees.She is offering a deal to assume the loan, and it is assumable, but the problem is, it's FHA.
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28 May 2024 | 2 replies
You will need an offer to purchase contract, promissory note, and deed of trust if you are looking to do an owner financed lot.
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28 May 2024 | 10 replies
If its a conventional conforming loan, it may have been sold and you might be only dealing with the loan servicer not the owner of the loan itself.
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28 May 2024 | 1 reply
It took constant looking at properties on the MLS and a lot of offers turned down on various properties.
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28 May 2024 | 0 replies
Can anyone offer tried and true tips for securing a good contracting team for a small-scale investor?