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8 April 2020 | 9 replies
I'd still get title insurance though...I'd wonder why they are selling it for less than they paid and still below market rate.Maybe the 2019 sell was a foreclosure and the neighborhood changed and now it is not worth as much.Maybe the house was in a fire or mold infested, or a meth lab--something that has major rehab costs, so it is worth less than the neighboring properties.Maybe the sell is just a scam.I'd wonder though if there is some sort of issue with the occupant--lifetime estate--big bad boys with guns and not afraid of using them--the local Sherriff's kid--one that will burn the place before they move--unusual deaths in the house--something.There is a reason for the low price.
17 May 2020 | 4 replies
Been refining the process for ~10 years and it's honestly saved me a ton of time, energy, and frustration.
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7 April 2020 | 3 replies
We are currently under special assessment of 17K to replace the roof (they notified all the homeowners that they had done a special assessment after burning the kitty on replacing four of the units roofs this past summer).
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22 July 2022 | 25 replies
Force Majeure would be if your house burned down or the government made you shut it down like a business.
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3 May 2020 | 4 replies
The only piece of advice I would give you though, is to not burn yourself out.
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9 April 2020 | 37 replies
They care about slowing their burn rate to the bare minimum right now, so you know what they want.
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8 April 2020 | 14 replies
Lots of other industries now or in the future ( oil and tourism bad now, but nuclear storage, solar/ wind energy, potash, and agriculture are still up and running).
9 April 2020 | 22 replies
You'll get good at managing tough tenants or you'll burn out and sell the property.
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12 July 2020 | 7 replies
I have been using my time and energy over the last couple months to learn how to find off market deals where it is easier to obtain discounted properties.It is strange times in our world and we will very likely be entering an overdue recession period leading to greater inventory, fewer people looking to buy, more motivated sellers..etc.
15 April 2020 | 6 replies
Is it worth the energy so to speak