17 March 2020 | 7 replies
Search Virus.There are many threads on this.Thanks for trying to find existing ones to read and add to.
23 March 2020 | 8 replies
The owner converted the rubber roofs into pitched asphalt roofs, newer furnaces within the last 4-9 years, with some newer features like floors, plumbing etc.
28 March 2020 | 4 replies
So here is the breakdown.TPO install w/5 inch insulation with with permit is 28k (deposit on company, 18 month financing) orTPO coverup up on top of existing roof 19k (no insulation install) oror TPO install w/1 inch insulation don't apply for permit and see what happens with other companies (25 to 39k)Anyone with experiences with TPO roof installation or any advise in this situation would be greatly appreciated.
21 November 2020 | 12 replies
Up until this point, an asset associated with my IRA has not existed.
17 March 2020 | 0 replies
The ceiling in the living room was non existent.
22 March 2020 | 8 replies
You can buy homes Subject to the Existing Financing that way you don't have to get a loan.
18 March 2020 | 7 replies
The simple courtesy of reaching out goes a long way.2) There exist many municipal, regional, and state rental assistance programs.
17 March 2020 | 3 replies
Personally, I have increasing concern surrounding my existing properties.
17 March 2020 | 10 replies
It's a B class area with mostly older homes so most competition have hardwoods).3) Lay LVP through the whole unit and cover existing hardwoods (may be more expensive but definitely more durable over the long-run).Either way, the hideous parquet has to go!
6 April 2020 | 13 replies
The “key” elements of the transaction are explored first and usually, the most intensively.The buyer should provide the seller a comprehensive disclosure statement and include a term in the purchase agreement that obligates the seller to return the document within 5 days of acceptance.Professionals are hired to complete Phase 1, 2 & 3 reports that identify potential or existing environmental contamination and all other elements of elements that are difficult for the buyer to effectively evaluate.Financial Checklist3 years profit & loss statementsRent roll with space number, name of resident, move-in date, renter or owner occupied, number of occupants, monthly rent, additional charges, current balance due and any relevant notes about the residentList of capital expenditures for the last 3 years3 years of tax returns12 months of bank statementsCurrent accounts receivable statementList of park owned home including copies of “rent to own” or sales contractsCopy of all current insurance policies, binders and premiumsSpreadsheet detailing who pays all utilities including water, sewer, gas, electric, trash, cable, etc…For all utilities and charge backs, formulas, calculations and meter readings for the past 12 months3 years of utility billsProperty tax bills for the last 2-3 yearsCurrent staffing list including position, wages, job descriptionsCopies of any contracts that will transfer to buyer including laundry, trash, phone, equipment, etc…Dates and amounts of the last 3 rent increasesSigned rules and leases for each residentNames and contact information of professional service providers including lawyers, accountants, engineers, insurance brokers, inspectors, appraisers, realtors/brokers, etc…Physical ChecklistSpreadsheet for utilities that details age, composition, capacity, physical locations, etc…Any drawings or maps of the park and infrastructure including lot sizesSewer plant or septic system repair and maintenance recordsWater well tests and compliance recordsDisclosure from seller of current or recent problems with infrastructure including buildings, water, sewer/septic, gas, electric, etc…Names and contact information of contractors including plumbers, tree surgeons, electricians, gas inspectors, septic companies, roto-rooter services, etc…Locale ChecklistProfile local housing market:“Stick-built” – current foreclosure rate, months of available inventory, median home price, average rent per month, vacancy rateApartments – average rent per month, vacancy rate, prevalence of move-in specials…MHPs Comps – average monthly charges (rent, utilities, etc…), vacancy rate, # of homes for sale, etc…Profile local economy including population, major employers, unemployment rate and trendsCopies of city, county and state permits, licenses or certificates of occupancyCheck zoning for recent or pending changes to target property and adjacent parcelsCheck for known environmental issues with target property, adjacent parcels or in the communityCheck for major development or construction projects in the communityReview existing surveys or environmental reportsConsider geographic factors including elevation, annual snow fall, rain fall, proximity to bodies of water, etc…Disclosure from seller of current or recent lawsuits, regulatory or compliance issues, fines, fees, etc…