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Results (10,000+)
TJ Woolum Online Gurus - Tom Cruz (Section 8) and Nate Barger (BRRRR Invest)
21 July 2024 | 16 replies
I pulled the trigger and joined Nate Barger's BRRRR Invest Academy. 
John Underwood New law makes wholesaling illegal is SC
22 July 2024 | 82 replies
The "public marketing" of these will probably be triggered the minute someone mentions an off-market property for assignment, whether that's online, email, phone call, etc.
Tricia O'Brien Fire Insurance Non-Renewed (Safeco) in CA- any chance to fight with change of broker?
20 July 2024 | 0 replies
I've been told that the law requires insurance companies to give  90 days written notice of non-renewal, but if I never received it by US mail from them, do I have a good case that they are out of compliance with that law and need to allow me to switch agents and renew?
John Thedford First National Realty Partners: Any Experience Or Knowledge
23 July 2024 | 32 replies
I was on their list for a while, but never pulled the trigger.  
Karolina Powell Questions to ask when touring a multi family
21 July 2024 | 12 replies
Ask about the maintenance history.Units: Visit as many individual units as possible to assess their condition and note any necessary repairs or updates.Structural Issues: Be vigilant about signs of water damage, mold, or pests, which could indicate larger problems.Safety Compliance: Verify that the property meets all local safety and building codes, including fire alarms, extinguishers, and emergency exits.Financial and Operational AspectsRent Roll: Request a detailed rent roll to understand current rents, lease terms, and tenant occupancy.Expenses: Get a breakdown of all operating expenses, including utilities, maintenance, insurance, property management fees, and taxes.Income Verification: Ask for historical income statements (preferably 12 months or more) to verify the revenue.Vacancy Rates: Inquire about the historical and current vacancy rates and how they compare to the market average.Tenant Profile: Understand the tenant mix, including residential versus commercial tenants, lease lengths, and tenant turnover rates.Property Management: Find out if the property is currently managed by a professional management company and if you will retain or replace them.Legal and ComplianceZoning Laws: Ensure the property complies with current zoning laws and inquire about any zoning changes that may affect the property.Rent Control: Determine if the property is subject to rent control or other regulations that could impact income.Permits and Licenses: Check that all necessary permits and licenses are up to date.Value-Add PotentialRenovation Opportunities: Identify areas where you could add value through renovations or upgrades.Rent Increases: Assess the potential for increasing rents based on market rates and property improvements.Additional Income: Explore opportunities for additional income streams, such as laundry facilities, parking fees, or storage rentals.Environmental ConsiderationsEnvironmental Hazards: Check for any environmental issues like asbestos, lead paint, or underground storage tanks.Flood Zones: Verify if the property is in a flood zone and the implications for insurance and risk.Questions to Ask the SellerReason for Selling: Understand the seller’s motivation to gauge the urgency and possible negotiation points.Recent Repairs and Improvements: Ask about any recent capital expenditures and future planned repairs.Tenant Relations: Inquire about the relationship with tenants and any ongoing disputes or issues.Due DiligenceProfessional Inspection: Hire a professional inspector to conduct a thorough examination of the property.Appraisal: Obtain an independent appraisal to verify the property’s market value.Legal Review: Have a real estate attorney review all contracts, leases, and legal documents related to the property.By covering these aspects, you’ll be in a stronger position to make an informed decision about your potential investment.
Kalon Green First property I ever bought and turned into house hacking
20 July 2024 | 0 replies
Then I eventually pulled the trigger and found another home and sold my first property What made you interested in investing in this type of deal?
Carlo D. What would happen and possible consequences if I just pulled the trigger?
19 July 2024 | 5 replies

I previously posted questions on this channel about lending money on the paperstac platform. Decided getting the licenses to be a lender in different states wasn't worth it. However, my question is, what would/could h...

Dallin Watson Getting a personal loan for LLC use (Tax and Legal Implications)
20 July 2024 | 2 replies
From personal experience it is doable,  but you need credit history for that new business.as for the getting the property in your business LLC I think that may trigger a due on sale clause because it is in your name.
Jaekwan Lee Things to look at on Quadplex showing and put contingency
19 July 2024 | 8 replies
@Jaekwan LeeA house hacking inspection checks for structural integrity, roof condition, plumbing, electrical issues, HVAC systems, windows, insulation, base and attic damage, unit conditions, and code compliance.
Sean A Lewis Does my property value increase after adding ADU's, thus allowing me to refi?
21 July 2024 | 11 replies
I've been listening to the bigger pockets podcast for approx 3 years now, and was finally able to pull the trigger and finance my first multifamily property.