Zachary McDonough
Buying a property with tenants: Inheriting cashflow or problems?
19 September 2021 | 3 replies
During your walk through of the property you should be able to get an idea of the tenant based on the condition of each apartment, dirty, damages, etc.At the end of the day it can be challenging choice to make on keeping the current vs not.
Sokhna Wade
First rental property purchase!
28 December 2021 | 22 replies
Then its a matter of finding the best condition property, for the cheapest price.
Ariel K.
Saving too much for CAPEX/Repairs?
19 September 2021 | 4 replies
I roof here, a driveway there, an HVAC system there, a foundation repair elsewhere could eat through that easily.I would assess the condition of all major systems on each property and plan to have enough cash to replace each of them at the end of their useful life with some cushion for emergencies.
Jeff Schemmel
Fall Housekeeping - What's your process?
20 September 2021 | 3 replies
I'm hiring an HVAC tech to check it and make sure it's in solid condition ahead of the winter season and ensure my tenants are in good shape and can stay warm.
Calvin Turner
Getting Pictures for Properties Under Contract in Another State
21 September 2021 | 6 replies
Is this to evaluate the condition of the house for cost of repairs?
Nicholas Doyon
Starting out in an expensive market
31 March 2022 | 3 replies
If you're looking at a fixer you won't be able to use an FHA loan as they are super strict about the condition of the property at closing.
Addison Robertson
The first offer I've ever made
30 September 2021 | 24 replies
That is in the properties current condition.
Jon Schwartz
Do you underwrite capex growth at rent appreciation or inflation?
19 September 2021 | 2 replies
Future repairs and maintenance (R&M) are funded by the reserves of $250+/- per unit/year, depending on the location and condition of the property.
John Kunick
Evicting Unvaccinated Tenants
20 September 2021 | 34 replies
Likely will get sued as medical conditions such as late stage AIDS, etc. that prohibit vaccinations ARE a protected class.
Stephanie Caruthers
BRRRing on a VA Loan
20 September 2021 | 10 replies
You're required to live there for 2 years, but you're allowed to break that condition if certain conditions are met.