9 May 2020 | 10 replies
So will they do proper appraisal ?
21 March 2020 | 2 replies
If the fan is not operating properly or you don’t have one; repair/replace it or install one.
21 March 2020 | 0 replies
There were 2 courses of action recommended.OPTION 1:> 100% Line replacement and Water proof:> - To dig up both sides of house for gravel instal> - Water Proof both sides of home where water is intruding> -Replace storm drain lines needed on both sides of home> - cover and repitch top side to ensure proper flow away from home>> All Labor, Material, tax $13,255Option 2:> Repair Line, Jett, Repitch:>> -To dig 6ft of Stormdrain> - Repair Storm drain line where broken> -Jett lines to help clear buildup/ debris causing water to sit> -Cover and Repitch ground on driveway side of house>> All Labor, Material, Tax $2700I chose option 2, with the idea of potentially using internal membrane afterwards to thwart risk of any more water intrusion.
21 March 2020 | 1 reply
(There are plenty of PM’s who’ve been in the industry with low success rates.)Instead, you should also consider their experience in:Getting proper returns for their clientsHandling properties similar to yoursDealing with tenant issuesFinding tenants during dry marketsBy considering their experience in areas like these, you can evaluate how good they really are.2.
25 March 2020 | 24 replies
Your best bet is to request to be reimbursed based on the sellers hindrance of inspection within the proper time frame.
24 March 2020 | 2 replies
There may be more down the road who have properties that need rehab regardless of what type of investment strategy you implement.Best case scenario is being able to walk through an entire property to gauge rehab costs so you can properly analyze the deal.
27 March 2020 | 13 replies
The numbers make sense,I have very conservative underwriting and have stressed them for the worst case scenario, the asset is still very appealing, but as you know numbers aren't everything and I will need to properly execute the rehab for it to work.Thank you for the tips on forecasting contingencies and rental comps in the area, I will also be checking out your page for more tips =)
24 March 2020 | 2 replies
Market Inventory (How many houses are officially listed for sale, and how long would it take to sell these at current pace.
24 March 2020 | 2 replies
There were 2 courses of action recommended.OPTION 1:> 100% Line replacement and Water proof:> - To dig up both sides of house for gravel instal> - Water Proof both sides of home where water is intruding> -Replace storm drain lines needed on both sides of home> - cover and repitch top side to ensure proper flow away from home>> All Labor, Material, tax $13,255Option 2:> Repair Line, Jett, Repitch:>> -To dig 6ft of Stormdrain> - Repair Storm drain line where broken> -Jett lines to help clear buildup/ debris causing water to sit> -Cover and Repitch ground on driveway side of house>> All Labor, Material, Tax $2700I chose option 2, with the idea of potentially using internal membrane afterwards to thwart risk of any more water intrusion.
22 March 2020 | 1 reply
Finally closingAfter multiple appraisals and going back and forth with FHA underwriting, the property was officially classified as a duplex, and because I had a non-occupying co-borrower, that took my required down payment from 3.5% to 25%!