9 January 2023 | 12 replies
And then imagine what sort of damage might be inside.
9 January 2023 | 14 replies
And, if something goes wrong with your financing and/or something happens at the property, the seller could claim that you damaged his property, failed to close, and make a monetary demand - or even charge you legally with trespass/more.
12 October 2019 | 19 replies
Remember that security deposits are for damage and do not cover reasonable wear and tear.
9 January 2023 | 12 replies
I am no expert but some issues you might want to look out for:- Mold in crawlspace/basement (as well as evidence of running water during storms, we've seen this)- Structural damage/settling (definitely hire an expert on this one)-Improved Electrical/Plumbing (These systems DO have a lifespan and the older systems aren't as reliable as newer ones)- Asbestos Flooring and Tile (Where I am from the removal of this stuff is mandated by law to be done by a licensed professional, no DIY.
9 January 2023 | 3 replies
Asbestos shingles are fine as long as they aren't damaged (cracked or chipping)2.
10 January 2023 | 3 replies
Move on.If you file a lis pendens without cause they can sue you for treble the damages in many states.
11 July 2019 | 414 replies
At that point, the money is transferred and the damage is done!
10 January 2023 | 19 replies
Also get it in writing that they are responsible for any damages done as a result and need to leave the left over paint for touch ups.
22 December 2022 | 10 replies
Hello, David Greene talks about this constantly on his podcast that there is not enough real estate investor friendly agents from coast to coast ;I have made a decision that i will specialize in working with investors only in my market; I have joined local REI and have been very vocal to my sphere of influence My question for other agents on this forum how did you become the go to person in your market (Investor friendly real estate agent)In addition is there books or courses that i should look into that will help me become more recognized in my local market ?
19 December 2022 | 19 replies
You (almost) never draw a W2 salary from being a landlord.Rich Dad examples are for a completely different scenario, such as potentially running a store or a gym or being a traveling guru teaching others about creating corporations and writing fiction books about fictional characters who supposedly influenced you. ;)Fringe benefits of C-corporations are extremely limited for their owners even when it is appropriate to consider a C-corp for some other reasons.