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27 January 2022 | 3 replies
You don't want to specifically ask for buyers because that will get you flagged by BP but something as simple as "I'm starting to wholesale in MARKET..." then ask for tips on finding buyers.
27 January 2022 | 3 replies
Email is hotmail that's a red flag, website has no pages no information (hmmmm), google search address and look at image is it an office or a mailbox service...
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30 January 2022 | 4 replies
Saved myself some money by lowering the flood insurance to a little over what is left on the loan.Replacement cost is computed by an RCE (Replacement Cost Estimator) via each individual carrier.
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27 January 2022 | 2 replies
On the ground, look for iron pipe, red survey flags, etc.
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27 January 2022 | 1 reply
What sticks out as red flags or green flags?
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28 January 2022 | 6 replies
Matthew,With replacement cost value, your carrier will pay out replacement cost, less your applicable deductible.With actual cash value, your carrier will pay out replacement cost, less your applicable deductible, and less depreciation.
28 January 2022 | 2 replies
I have a few thoughts …1) a lender offering $0 down on a $2MM purchase, but requesting a $2000 upfront fee is a red flag in my opinion2) current owner paid $450,000 in 2021 -- what specifically has changed to make it worth $2MM now3) make sure you get all the operating details and do a thorough analysis before you make an offer; current rent roll, current past due accounts and aging report, past 12 months expense details, property tax statements, any recent capital improvements, any needed repairs, etc.4) since you are new to investing/ownership, lenders may require 3rd party management5) as for finding/verifying lenders, have you considered using a commercial mortgage broker?
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29 January 2022 | 9 replies
Hello investors I bought a single-family home that needed extensive rehab. 3/4 of the way through the rehab the building department red flagged me and started the permit and variance process.
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1 February 2022 | 2 replies
Is it a flag/weird for the city if I pull multiple permits on the same project?
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19 October 2022 | 2 replies
My question is, if a seller asks where I'm located how can I answer this in a way that doesn't raise red flags?