10 July 2015 | 16 replies
Sincet hey own it, they have the abiliity to turn on utilities and if they don't, they are obviously hiding something.You have two options, pass or figure absolute worst case on your rehab budget and make offer accordingly.Is this common in a wholesale deal?
11 November 2011 | 13 replies
I think its a matter spending a little more to hopefully appeal to a larger base of tenants, and maybe even demand a little more rent with an "updated" kitchen.At a minimum I would paint them.
14 November 2011 | 7 replies
People demonstrating pride of ownership towards their home by dressing their house during the holidays or simply spending time doing yard work.
15 November 2011 | 8 replies
Don't assume this one can until you at least verify that he's competent and can keep on-schedule and on-budget with just one project at a time (most can't even do this).
10 January 2012 | 9 replies
if you buy homeowner insurance, and have a claim, you'll quickly discover that spending $300 for homeowner coverage is not a savings, it's a waste, because you weren't covered at all.I refer all my borrowers to National Real Estate Insurance / Affinity Group.
15 November 2011 | 1 reply
Mark Kohler put on the subject call today and it is recorded here:Using Other People's Money And Not Going To JailFor anyone raising money this is worth the time you spend listening to it.
18 November 2011 | 17 replies
Remember you don't need insurance for the land.Finally, don't use the logic "but if I spend extra money I will get a nicer house when my house burns down".
17 November 2011 | 8 replies
In the meantime, while rehabbing the house, I've been budgeting my money accordingly.
26 November 2011 | 50 replies
I personally do not like to budget maintenance cost based on rent amount.
18 November 2011 | 11 replies
If the rest of the story involves lack of communication and her inability to convince you of her situation so you don't spend the money evicting, then my advice would be to move forward with eviction.