26 August 2018 | 12 replies
-Find a more expensive deal-Take out 20k more for repairs (Houses only sell for 55k max in that area) - Keep trying banks (Does anyone know of any that would finance?)
25 August 2018 | 4 replies
Here are a few for you:Pros- Online account access- Online payments- Prompt responses to e-mails and voicemails- Good criminal background and credit checks- Actually calling past landlords, employers, etc.Cons- Charging a credit card processing fee- Lack of advertising (e.g. only posting the rental on the company website)- Lack of communication during vacancies (e.g. not providing me with updates on repairs, tenants applications, etc.)- Only using in-house maintenance (e.g. if your one guy can't get to something for a couple weeks then hire a contractor)
25 August 2018 | 26 replies
Before thinking about making an offer, learn your market, learn to estimate renovation costs, learn after repair value.
27 August 2018 | 12 replies
I analyze the property, and estimate rehab costs (with inspectors and contractors), add a buffer for unexpected repairs, as well as an ROI comparison of setting the property up as a rental vs. selling the property.If I am ONLY presenting the deal to the investor, meaning I am NOT buying the property myself or setting up any type of assignment, just "connecting" the investor to the property and running the numbers.
24 August 2018 | 0 replies
I analyze the property, and estimate rehab costs (with inspectors and contractors), add a buffer for unexpected repairs, as well as an ROI comparison of setting the property up as a rental vs. selling the property.If I am ONLY presenting the deal to the investor, meaning I am NOT buying the property myself or setting up any type of assignment, just "connecting" the investor to the property and running the numbers.
26 August 2018 | 5 replies
Their responsibility is do the repairs IF it is their responsibility.....not cater to random whims/wishes if done supposed buyer.
31 August 2018 | 6 replies
I know that repairs etc. are suppose to be on the potential buyer, so there could be a downside there as I would loose some control over the property.
26 August 2018 | 13 replies
I got into buy/repair/hold SFHs in 2007 and left my W2 job 9 years later and life is wonderful.
29 August 2018 | 2 replies
However, if you want to rent a house then call it what it is...Also, a tenant buyer with bad credit should be in a credit repair program...it only makes sense.If you only have 3 potential buyers it makes me curious how your marketing your houses?
28 August 2018 | 12 replies
I still own the first property I bought in 2007 and had to make many major repairs over the years.