Kavin Kuykendall
Small Multifamily on Septic
29 October 2020 | 6 replies
What specifically should I ask, do, check, verify, or have inspected before pulling the trigger?
Sara Peak
Kentucky eviction with covid
2 November 2020 | 4 replies
The CDC eviction ban only applies to those who lost a significant amount of their income due to covid and they have to sign documentation verifying this.
Bryan S.
Should I Paint the Interior of STR?
9 December 2020 | 44 replies
Biggest take away I learned with City rules override County rules (in most cases, but definitely verify).
MarieChele Porter
Inspection findings questions
1 November 2020 | 14 replies
In your case there are too many “holes” and things that you can’t verify, when usually those things should be verified.If it was me, I would drop the deal.
Gabriel L.
Inheriting Tenants in Providence, RI
12 November 2020 | 12 replies
You don’t want to show up to closing expecting to see fully filled out forms only to see that the tenants didn’t sign half or any of them.Many times sellers will drag their feet on doing it, under the excuse that they don’t want to bother the tenants signing it if the sale isn’t going to go through, and that’s a fair point, but after you’ve gotten through inspections and mortgage approval they have no excuse.Insist on getting all those Confirmation of Rental Terms or estoppel certificates in your hands, and verify they’re completely filled out by seller and tenants, before you agree to a closing date - otherwise you will likely have a surprise on closing day with the seller saying they couldn’t get them all filled out because XYZ.Also make sure to get full contact info for all tenants.
Curt Bixel
Bad tile work and deposit on next job.
2 November 2020 | 3 replies
You might feel better after.And yes, mastic over Ditra is a huge no-no (longtime Schluter fan here).Here are some of the takeaways...not rookie mistakes, but learning moments aka opportunities for improvement:-Trust but verify = During any remodel effort, check-in frequently - daily or 2x daily depending on the speed of the work.
Marco Lopez
Purchasing a Rental Property with Tenants in place.
3 November 2020 | 6 replies
It's also important that the seller verify the zoning of the property, especially since you have a storefront and coach house.If you had the seller complete repairs, you should receive invoices or receipts for repairs that were completed.
Nicolas Yopp
Buying House Next door
2 November 2020 | 10 replies
@Nicolas YoppYou would want to verify with a loan broker, but I believe conventional loans are sometimes available with less than the usual 20% down, sometimes significantly less.I have had great experience with an Oregon based loan broker that I’d be happy to connect you with if you message me personally.I’m not 100% on the rules or I would have posted his contact here.Best of luck to you!!
Lonnie Thomas
Gift Letter to close on property
3 November 2020 | 13 replies
This should have been verified long before now.
Jack McWatters
I found a Distressed property under a Trust
2 November 2020 | 5 replies
But, escrow will require proof and will need certain portions of the trust to verify.