Annie Li
URGENT QUESTION:Seller Clause "Deliver Keys 3 Days after Closing"
9 April 2019 | 25 replies
When you have your owner agent, at least they want to maintain a good standing with you for future business and referrals.
Rick Howell
What To Look For When Previewing Homes
19 December 2019 | 1 reply
Once you have decided on a home you will also want a professional home inspector to conduct a more thorough review of the home.Below are the most crucial areas of a home that you should look at, should ask questions about and review critically on your first visit to a home.Interior Windows, doors and door framesCeilingsFlooringFireplaceBasementAtticCabinets and countersExterior Color and qualityPorch and deskMaintenanceGutters and roofFoundationDoors and windowsSurroundings Driveways and walkwaysViews and boundariesBushes, trees and grassNeighboring homes and how they are kept and maintained
Greg Stetz
What does a great real estate agent do?
4 April 2019 | 13 replies
Review disclosures with the buyer - lead paint, known defects, HOA docs, etc.Come up with conservative ARVs for rehabs and projected rents for buy & holds.Handle the writing of offers, including contingencies, repair requests and other provisions.Negotiate points of contention with the seller's agent, working to maintain a cool, professional demeanor, even when the other side gets agitated and unreasonable.Deflect unreasonable demands.Coordinate inspections and appraisals, providing comps for the appraiser.Challenge bad appraisals.Coordinate getting paperwork, EMD and 2nd deposits to the right parties at the right time.Keep all parties on their timeline so as to remain in contract.Work with the buyer to transfer all utilities.Set up the time and place for closing.Do a final walk-through of the property as close to closing as possible.
Matthew Gilman
New Member Moving to Middletown NJ
4 April 2019 | 4 replies
I will maintain my same job, since they have an office in Middletown actually, so that works out very well, but I will need a place to live obviously.
JC Castillo
Is the Montgomery AL rental market getting saturated?
30 April 2019 | 5 replies
My vacancies in Montgomery, AL usually rent in less than 30 days *as long as the property is priced reasonably, is clean, and maintained in good repair.
Cameron Riley
LANDLORDS!!! - How to Handle The security deposit?
11 April 2019 | 67 replies
Mostly, these buildings are well-maintained and many investors..
Doug Roux
1031 exchange to a syndication
5 April 2019 | 10 replies
It seems silly, but required for them to maintain their 1031 structure.
Collin Schwartz
Tenant wants to install Ring “camera” doorbell
21 April 2019 | 42 replies
Personally, I would rather take the old one back, since a Ring bell is another item to maintain when the next ones move in, and if it breaks on your next tenant they will expect you to replace it with a new Ring bell.If there is a shared entrance, my answer may change.
Cody Z.
Financing strategies while waiting for BRRRR cash out?
9 April 2019 | 10 replies
HI Cody, A good strategies to implement:- business lines of credit because utilization up to your credit limits on these assuming they dont also report to personal trans/equi/exp bureaus will not affect your personal fico scores- obtain personal lines of credit and credit cards with no cash advance fee's too despite them possibly affecting your ficos because these can be the last line of defense if you really need quick capital- on each BRRR you do, try to get lines of credit on the newly created equity post rehab so you in your wake of BRRR deals you have more and more equity access to your properties fund subsequent deals in the future- a more advanced strategy is to utilize commercial blank lines of credit as they are larger and more efficient and can tie up multiple trust deed attachements and properties into one CLOC to use as opposed to have many small LOC's on each property- keep your DTI debt to income ratios low, keep your DSCR or global DSCR high (total cashflow over your total personal and business liabilites at 1.25X+) so that you're always bankable- work on personal ficos and personal credit as well just so you have flexibility to obtain capital/financing on either business or personal sidesHope that helps but that will set you free above if maintain within a comprehensive investing strategyBest,
Thayer Hood
Questions all Property Managers should be prepared for
8 April 2019 | 7 replies
I do understand that everyone must live where they can afford, but I would always keep in mind that investors who buy in deeply depressed areas often do so because they don't have a lot of capital or experience; they mistakenly think that "cheap" is synonymous with "value;" and they grossly underestimate the actual expenses associated with the building.Many times, these investors get so far in over their heads that they cannot afford to maintain their building, so they end up doing things like assigning appliance maintenance to the resident in a desperate attempt to regain control of cash flow.