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8 March 2017 | 29 replies
You could hire a lawyer but they might just review the contract and you'll find yourself running around like a headless chicken.Make sure you disclose EVERYTHING, as a buyer can turn around and sue you if you lie / keep quiet when they ask you a material question (Eg: "is the roof broken" (it is) you: "I don't know."
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8 March 2017 | 4 replies
If this turnkey is fully rehabbed with many new or near new major items - updated kitchen & bath, roof, mechanicals, flooring, etc and there are a bunch of distressed properties in the area at those lower prices, those aren't true comps.
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7 March 2017 | 4 replies
The inspection report was pretty positive, roof is in average condition and will need to be replaced in 3-5 years.
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7 March 2017 | 0 replies
At first glance I thought it would have to come down and turned into a parking pad, but after a second look it looks like it might just need the corner brick replaced - along with the roof and door of course.Never had to deal with something like this, so those that have - what would you consider doing?
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14 March 2017 | 22 replies
A good turnkey property (like the ones provided by the Turnkey companies mentioned above) should have thorough rehabs with all mechanicals and roofs replaced but you should still hold the reserve.
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8 March 2017 | 3 replies
For instance, what does a roof cost to replace or to have a new HVAC installed or repaired?
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9 March 2017 | 19 replies
The people I lend to are self employed investors, buying houses that need roofs and foundations and everything else, and need to close it in 2 weeks.
8 March 2017 | 7 replies
Personally, we have also found it to be a less steep learning curve to the rental/rehab world.
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16 March 2017 | 22 replies
Due to a big steep hill, we couldn't get a bucket truck or machine around the back of the property.
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7 March 2017 | 0 replies
They don't blame me for buying it (this is before actual auction), but just kinda upset at situation and blaming each other for it happening.I find out that roof, a lot of plumbing and a small addition have been done about 2 years ago.