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13 September 2018 | 6 replies
@Rick Baggenstoss Rick it’s time for the the old one hour phone call with yours truly.
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10 September 2018 | 2 replies
Regardless, getting it repaired needs to happen ASAP.
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12 September 2018 | 8 replies
@Robert AntonieI agree with Aaron call them anytime they will answer the phone, a few people that are interested will be worth dealing the other couple hundred people that won’t be so nice about it.
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11 October 2018 | 10 replies
Thanks again everyone, I just checked, I have a copy of "Evidence of home insurance" seems like regular home insurance(not hazard), on 2nd page it has mentioned my name as Mortgagee/Loss Payee.also, borrower is not picking my phone, so just wondering to who should I contact, insurance company?
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15 September 2018 | 14 replies
Only minor issue in the last 4 years is one time they fixed something without using the home warranty on one of the properties (higher repair cost in the end).
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10 September 2018 | 3 replies
The answer is turnover costs (different than repairs, vacancy, etc). 60k houses rent to C/C+ residents.
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18 September 2018 | 9 replies
Here is a list of items that a hard money lender would like to see:Project Financial Analysis - Breakdown of your financial analysis for the project showing your ARV, Repair Costs, Buying Costs, Holding Costs, Selling Costs, Financing Costs & Projected ProfitRepair Estimate - Summary of Repairs broken down by CategoryProject Scope of Work - Detailed breakdown of all Estimated RepairsComparable Sales Data - Comparable sales analysis of at least 3 similar, recently sold compsProperty Photos - Photos of the existing property conditionYour Resume - Your resume of past experiences, & action plan for the projectI have uploaded a sample Investment Presentation in my fileplace as an example:https://www.biggerpockets.com/files/user/drobertson/file/sample-rehab-investment-presentation-for-lender
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10 September 2018 | 4 replies
I'm not asking for free help, I'm willing to add value by means of doing leg work, office work, phone calls, what have ya, but I have a little $$ squirrelled away, about enough for a downpayment or small reno budget, and am looking to partner with an experienced investor to show me the ropes while we pursure and complete a deal together in 2018.
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16 September 2018 | 8 replies
Shoot, if I don’t inform him of any repairs above $400; I am breach of contract.
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11 September 2018 | 16 replies
In fact, I usually take care of light duty repairs myself.