18 September 2018 | 5 replies
Scary to the point of not wanting to make additional or mistakes at all.
30 August 2018 | 9 replies
States usually require some sort of additional filling in the state you are doing business in addition to the LLC formation paperwork in whatever state you are incorporated.
3 November 2018 | 9 replies
In addition to the BP podcasts, I'd be happy to recommend a few others depending on the type of investing you're interested in?
29 August 2018 | 3 replies
. $10k later they are off my back.Three months later…We closed on this duplex in New London a month ago to house hack a bit and live mortgage free.Took me awhile to find an insurance company because of the age/size and style of the property (it’s 5600 sqft, Victorian built in 1900).We ended up going with State Farm.Usual thing happened; guy comes out and takes a look, gives a few things we should “look at”.Tells me about a tree that needs trimming and a set of stairs on the deck needs repaired; no big deal.Two weeks after closing we get a call from SF that we have been “randomly” selected for a 3rd party inspection.Two week after that we get a call from the agent saying we now have 4 things we must complete to include CUTTING said tree down, replacing windows, fixing the stairs and now I have to paint the CEDAR shingles on the garage because only half of it is painted.As you would expect, I took this news very well and only raised my voice with the guy a little.He told me I had 60 days to fix or start the repair and that a letter would be issued on the 20th of August.Silly me, I though this letter would outline what I needed to complete.NOPE, it was a letter from SF saying that my coverage was declined and was accompanied with a refund check for my premium.Turns out that 60 days is from the date when the policy was issued, not the date of this letter.So we are now 30 days into the 60 days repair window and I’m just now getting the information… Oh and that 60 days also include a couple days to insure the agent has time to come out and re-inspect and send it to underwriting.So my 60 day window was actually only 20.Additionally, every time I call them to ask a question, I get yet another list of things I should fix.Stop giving me your opinion about what you think I should do and tell the required recommendations you need me to do so I don’t lose my insurance policy!
31 December 2020 | 6 replies
If you're looking to shield yourself from say, having to contribute additional capital in the event the deal goes belly up, you may already sign that away in your crowdstreet agreement and be tied to the deal personally.
29 August 2018 | 2 replies
Risk having additional vacancy costs and remove them at the end of their lease.Thanks in advance.Cheers,
30 August 2018 | 7 replies
The only things different about Section 8 are they have an additional income line (assistance) and some additional regulations on the property as a result of the Section 8 lease and inspections.
3 September 2018 | 7 replies
Feel free to reach out with any additional questions.
30 August 2018 | 5 replies
In addition, there's an abandoned john boat with a motor, and a separate large trailer for a substantial boat on the lot.
9 June 2019 | 37 replies
The deal is not too good to be true due to 3 large risk areas that need additional investigation/information1) Actual rent controlled rent versus market value since it's a rent controlled unit.