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17 March 2020 | 11 replies
Lastly, I am asking if you know any good window contractor that you could kindly refer me to.
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10 March 2020 | 20 replies
The contracts and structure will give you more protection.As for the construction contacts, if they're unwilling to share contacts at RE meet ups, go to Angie's list and make some calls, walk their projects and check their references.
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7 March 2020 | 6 replies
Words can't express my gratitude to you guys.After preliminary research, I can tell that a number of the homes in the town where I have my rental don't have HVAC and largely seem to be boiler heated, which doesn't come as a major surprise, given that A LOT of them are built early last century and aren't very conducive to HVAC by design.Judging from the dialogue here and further reflections with my principal contractor, I think we are sticking to our initial plan of boiler/insulation/ceiling fan combo, but once we've demoed everything that needs to go anyway (some ceilings and walls) and created a much more operable working space at the same time for installations, we are going to bring in professionals to get free quotes on HVAC and mini split systems, if anything, for future reference and negotiation fodder on the next property purchases.
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4 March 2020 | 4 replies
I'd say that the person you are referring to is not an accredited investor; however, there are other securities exemptions that don't address the accredited/non-accredited dynamic for investors that may be worth looking into.
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4 March 2020 | 6 replies
@Vaughn Smith I guess what I'm referring to is the Writ of Possession.
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9 March 2020 | 9 replies
Any of these are potential red flags.Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)Don't allow for your own independent property inspectionAre not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)Require you to pay for any renovation upfrontSell only in cheap. low end neighborhoodsDon't accurately represent the neighborhood/property classificationDon't have consistent rehab standards for all propertiesDon't provide a scope of work for the propertyCan't provide references of repeat investorsRequire you to close before a tenant is in place
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4 March 2020 | 7 replies
Are you referring to Meet Up groups ?
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4 March 2020 | 6 replies
Refer to the Fannie Mae eligibility matrix.
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5 March 2020 | 3 replies
Going to have to go back to basics at outlined by David Greene to first start with a competent lender who can hopefully refer me to a top agent for the area.
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4 March 2020 | 10 replies
Be sure to refer to the guides below as well:BRRRR when done correctly uses the forced equity in the property as the new downpayment on the refinanced loan.