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27 February 2022 | 8 replies
Going to the trouble of writing an offer shows that someone has more skin in the game than simply someone off the street (or so goes the logic).
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17 March 2022 | 4 replies
Also, if your doing the overhaul, don't get it on your skin and don't breathe it without a respirator.
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2 March 2022 | 2 replies
Also consider single family homes with separate income suites / mother-in-law units that can ack similar as a duplex but in the skin on a single family home (if that makes since).
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26 February 2022 | 6 replies
I get them out of the property, they did a light surface cleaning and there is only normal wear and tear (in most cases).For those that are new, "cash for keys" is when you offer a tenant a certain dollar amount to be out of a property by a certain date and they must leave the property in broom swept condition.
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11 March 2022 | 2 replies
It also really helps if you have some of your own skin in the game as well.
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15 March 2022 | 7 replies
Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!
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19 March 2022 | 10 replies
I have not had any issues whatsoever with my new sewer line or plumbing since then.However, I just noticed a bad smell outside my house and noticed water starting to seep to the surface right along our property line.
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23 March 2022 | 12 replies
I haven’t gotten a pre approval yet but I’m quickly realizing I should have that ready to go just to get some skin in the game.
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20 March 2022 | 1 reply
The advice I read on Google seems quite surface-level and I’m not sure if the seller will budge due to the max seller credit already.
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21 March 2022 | 1 reply
Remember, IRS publications only touches the surface of complicated tax codes.