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17 October 2018 | 6 replies
The fear is that there is a trustee assigned and 3 other debts included in the NO.
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18 October 2018 | 4 replies
@Anthony Butcher Based off your numbers and the standard wholesaling formula, your maximum offer would be $127,500, including any of your fees ($325k * 70% - 100k rehab).
16 June 2019 | 13 replies
I am not sure I will do any more of those for a while.There are other things I don't like about Fundrise, which includes the lack of transparency.
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16 October 2018 | 0 replies
Needless to say, I messed a lot of things up.Some things I know for next time:-make sure to include security deposits credit and prorated rent credit in the purchase contract-make sure to keep all addendums that may be needed saved on computer for quick access-get all the necessary documentation for rehab funding from the contractor before going into contract on the property (my lender needed his insurance, workers comp, experience, etc. and I was not able to get rehab funded in the loan because the contractor would not send this to me and it was too late for me to find another contractor)-check that title has gotten the documents correct before they are sent over to the seller-take pictures of the house during the walkthrough for insurance purposes-check for flood zone early on -give yourself a realistic timeline for closing-check reviews on title company before choosing oneDoes anyone else have any recommendations?
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28 November 2018 | 8 replies
Have they had trouble selling, was it inherited, does it include additional tracts of land, or solid construction traits not advertised. 6) Try to acquire with $5k or less down, and payments low enough to sustain long term in case of long vacancies.
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17 October 2018 | 5 replies
One suggested signing up for their service plan ($20/month per apartment) which includes one annual boiler checkup prior to the winter to avoid issues like mine and small discount on regular plumbing services (50% off of service call charge of $95 and 10% off labor costs after).Is this something you guys would recommend?
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24 November 2019 | 10 replies
I will share that it is difficult to convert any SFH or duplex to a triplex as you go from IRC building code (1-2 family homes) to IBC building codes which are much more restrictive as it is for any commercial building which is any 3+ unit including 100-200 unit apartments so there is sound and fire ratings that have to be adhered to.Hope this helps.
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16 October 2018 | 1 reply
I’m about to put an offer in for a waterfront single home in Fort Lauderdale and got an estimate of 6k per year for home insurance, not IncludIng flood insurance.
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16 October 2018 | 2 replies
@Duane KidmanIt's a good question.Rental property analysis and BRRRR included does have a vacancy % factor in the analysis.
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24 February 2019 | 13 replies
Not sure how important it is to someone flipping but I'm looking to include PG county in my investing area ( I live in Anne Arundel Country but work in Beltsville, MD.