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16 December 2019 | 30 replies
To date, I've experienced a lot of resistance from sellers when I've mentioned that this is the right property/we don't have the capacity to purchase it, but I'd like to connect them with someone who might be interested.
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11 November 2019 | 26 replies
You can get a pretty nice house that only needs paint and carpet for around 40-60 in this area and depending on the area it’s not all bad ( I used to live in warren) I’m almost ready to make a purchase and I will be buying in Warren.
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10 December 2019 | 28 replies
If you buy in your market near you, may be you can take on some minor work like paint and flooring?
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26 February 2020 | 15 replies
But many businesses are Amazon aligned or resistant, such as warehouses, restaurants, dollar general, etc.
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10 November 2017 | 27 replies
Of course I didn't see any traces of the dog when I visited to serve notice/do inspection either... coz he cleaned up the "crime scene" well :) Tenant also tried to resist the HOA letter claims.
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9 November 2017 | 7 replies
Look up things like doors, windows, fixtures, lighting, paint, appliances.
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13 November 2017 | 7 replies
Immediately after getting an LOI or contract i request the following items....Exhibit BInventory of property tools, supplies and personal propertyExhibit CService contracts including trash, laundry, extermination, lawn service, etc.HVAC and/or boiler reportsExhibit D Property management license (if applicable)Certificate of occupancyExhibit E Certificate of insuranceInsurance claims history for the past 2 yearsExhibit F Commission agreements with the leasing staffCurrent property management contractAny other vendor contractsOther Requested Due Diligence DocumentsLast 2 years of financial operating statementsA year-to-date operating statementLast 6 months of bank statementsUtility deposit registerUtility bills for the last 2 years.Property tax bills for the last 2 yearsIRS Tax returns and addendums for the last 2 years (as relatedto the property only) Articles of IncorporationGood Standing Letter from the Department of RevenueAny licenses in the name of Sathyam EnterprisesRent roll for the property for the last 2 yearsSecurity deposit registerPayroll recordsEach different lease typeWritten property policies such as pets and parkingInformation on all rent concessionsList of any uncompleted maintenance requestsMaintenance and capital improvement history for past 3 yearsLitigation history on the property for the past 5 yearsAny operation manuals for the propertyTitle policySite planArchitectural plansEnvironmental ReportsAny mold inspection reportsAny lead-based paint inspection reportsAny fire system reports or citations
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25 August 2018 | 8 replies
I had a house with wood windows painted charcoal gray and the sun was not kind to those windows.
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6 September 2017 | 6 replies
Carpets I'm replacing anyway, and new paint throughout, but I think the walls will need a special cleaning before any new paint can be applied.
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9 August 2018 | 21 replies
Here are my numbers:St Louis budget Repairs:Roof. 8,000Upstairs Kitchens. 2500 x 4 = 10,000(Cabinets 900)(Appliances 1100)(Counters fixtures 500)Bath 1000 x 4 = 4000(Toilet, vanity mirror faucet 500)(Shower pan, valve 500)Floors. 6000Drywall, Trim 4000Doors, locks, 1000Paint. 4000Lights. 1000Misc. 2000Total upstairs. 32,000Downstairs Baths. 4000Floors. 7000Drywall paint. 6000Windows, glass. 2000Accents, wood, etc. 2000Lights. 1000Misc. 2000Labor. 3000Total downstairs. 27,000Unexpected 10,000$77,000Purchase: $104,000Total investment: $181,000ARV: $220,000YearlyTaxes. 4000Insurance. 4000Property management 6000Vacancies 4000Maintenance 4000Mortgage. 10000Total expenses = $32,000Revenue 12 x 4000 = $48000Income = $18,000 per yearI feel there may be some more costs to come once I get into things but that’s ok.