
13 October 2022 | 16 replies
A General Contractor is your best bet...you should expect to pay them though...maybe $200-300 for a walk-through.A Home Inspector is ok for basics, but if they see a possible issue with the foundation/slab for instance, they will refer you out to one of those Contractors, whereas a GC will have enough experience to give you a budget number right on the spot.

2 October 2022 | 20 replies
This thread has lots of good advice, although I think this is one of those rare instances where going to the neighbor directly might not be the best first move.It looks like the general consensus is that he probably won't respond positively to your request, and then subsequently if you go to the authorities he's going to know who dropped the dime on him, and now you've got a feud with your neighbor.

2 October 2022 | 12 replies
It can sometimes be explained to the bank after the fact (for instance with a single member LLC owned by the borrower), and the bank will drop the issue, but I have seen a bank push the issue and force the transfer of the property back into the borrower's name.

7 October 2022 | 2 replies
In multiple instances where they told school districts that they could not collect fees from ADUs less than 750’ the school districts ignored the direction.

9 October 2022 | 14 replies
There are a few instances where FHA is viable and conventional is not, but the same low down payment conventional loan options will almost always be a better fit than a similar low down payment FHA.

28 October 2022 | 2 replies
For instance if you are using the funds to purchase more real estate and will be the person managing it, then perhaps you can get slightly more than the non-performing members of the company.

10 October 2022 | 14 replies
Basically you need to understand the books for a multi-family property, and know what is average cost for each line item, and know which line items should be present.If something is out of line with what you expect it should be--investigated further.If you see no charge for Landscaping (Lawn Mowing) for example, or see it at $30 and you know the average for the area should be $1,000 for instance--find out why.Maybe they put in in Xeriscape, or maybe the owner just cuts it himself and the $30 is for a couple of pretty Azalea's he planted next to the front door to spruce it up for sale a bit.Or maybe the lawn has turned to dirt (and mud) from so many people walking across it (as in the pic below) of the Class-C apartment building.

9 October 2022 | 2 replies
With 2 different color highlighters go through line by line and mark instances where they can get out of the sale and instances where you can get out of the sale from your own understanding.

11 October 2022 | 6 replies
Establish where rents eventually need to be, so for instance $1,100.

12 October 2022 | 22 replies
Assuming you don't already have experience buying and managing a rental property, a great place to start would be house-hacking (a single fam house, a duplex, tri, or quadplex).There are MANY advantages of house hacking for new investors, and you also avoid some of the disadvantages of other approaches.For instance:-HH lets you take advantage of excellent debt terms of an owner-occupant mortgage (lowest rates, lowest DP, etc.).