20 July 2020 | 6 replies
currently, the water is coming in in a small trickle when it rains hard. i think i need to dig up the dirt on the side of the property where it comes in, and do a patch. there was some significant flooding in the basement before i purchased the property which caused some of the supports to rot (which i am now replacing with steel adjustable beams). beyond that, there's that white powdery type stuff (Forget the name) that accumulates on the walls which i assume is due to moisture. i'm already stuck with this property, but i plan to purchase more in the future and i want them to be as hands off as possible, so just trying to look out for things that can cause me a headache (but i also want good deals, so maybe i'm doomed in that sense :D )
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21 July 2020 | 4 replies
She does not want them to know right now that she is selling so I am posing as an insurance adjuster when we walk the property.
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23 July 2020 | 20 replies
Just make sure to adjust your underwriting according to the times.
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21 July 2020 | 4 replies
Or Front porch dissolves and contributes their assets to STH in exchange for capitalization adjustments of membership.Either of these mean that going forward it would be 4 rather than 3.
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21 July 2020 | 6 replies
However, you still need to adjust your assumptions and underwriting to reflect that it is a mobile home.
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21 July 2020 | 2 replies
I guess my question was more about applicant screening, how have you/have you adjusted screening criteria for applicants to mitigate risk of getting a tenant who may be unemployed in the near future and then you’re stuck footing the bill out of your reserves?
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22 July 2020 | 4 replies
Just a heads up in case your listing agent can make some adjustments to best reflect your property as people are viewing the online pics.
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26 July 2020 | 10 replies
Question: are you keeping 10% of income for cash reserves or have you adjusted since acquiring?
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21 July 2020 | 6 replies
Your denominator is $25,000 (down payment, closing costs and repairs upon acquisition)You numerator is rent less the remaining expenses ($1,400 - $963) = $437 x 12 = $5,244 I would adjust vacancy and capex to about $250 (from $160) so $347 x 12 = $4,164.Is this a SFR?
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21 July 2020 | 4 replies
Hello all, I'm a passive investor, my main business is in adjusting insurance claims as a public adjuster.