12 January 2021 | 21 replies
Just use your one rental that is about to be available to test it out.
11 April 2021 | 6 replies
You need x frontage and you have x-4 feet" New Investor: "But I see exceptions to the frontage requirement all over town" ZO: "That was then, we don't do that now" NI: "But you made an exception, like, last year to a house on Maple Street" ZO: "You can always apply for a variance, but you will need multiple variances for front setback, side lot setback, impervious coverage, permission from the DOT, the EPA, soil tests, UST sweeps, drainage management system....."
10 January 2021 | 1 reply
@Orie BrownIt's always good to learn new skills, and if it is for a go-no go test of a house you want to put under contract, you may benefit from the higher speed of your personal inspection.
15 January 2021 | 2 replies
Always stress test the numbers and check them on a worst case scenario to make sure they still cash flow.
11 January 2021 | 5 replies
I'm currently in RE school planning to take the state test next month.
11 January 2021 | 4 replies
A voltage detector pen. one of the things that can spruce up a property is new cover plates and outlets/switches. they're usually pretty cheap at $0.60 a piece or less but it's always nice to make sure that the electricity is off if you're working with other people that need the electricity on or if there's a bunch of rabbit ears you can determine which one is the feed wire by testing with your trusty pen.
11 January 2021 | 8 replies
If the work has not been completed by closing, the buyer can walk with the earnest money.You could negotiate a five digit escrow at closing to mitigate this risk ( unlikely the seller will agree I'm sure)You could gamble buy it and hope there is no contaminationYou could require the seller to produce a recent Phase 2 environmental showing no spillage or ground contamination and with that buy it and remediate the tank yourselfIf the seller balks at options 1 or 2 or 4, then all you can do is watch the listing age out and test the seller for motivation every month or so.
11 January 2021 | 5 replies
Some good some bad but I'm confident that with the curriculum and the test prep that'll I'll be solid enough to pass the state test.
11 January 2021 | 0 replies
I've seen both single and multi family properties perform extremely well but the approach may be slightly different.Single Family Pros & ConsProsRenting by the room has a higher likelihood to cashflow (renting individually produces more revenue than renting in 'bulk')Being that you'd be living in the same house as your tenant, it is easier to ensure that you are receiving your rent on time and you have supervision of your dwelling.It is generally easier to get approved for a single family and the self-sufficiency test doesn't apply.
10 March 2021 | 11 replies
In NH I am on well, and while I don't pay a monthy/quarterly water bill, it still costs money for maintenance/servicing/testing.