7 January 2019 | 2 replies
@Ricky Cover you wholesale houses that are cheap enough that your buyer can make a typical profit.
8 January 2019 | 7 replies
Nuisance things: paint, wallpaper (very annoying), holes in drywall, smells (unless it is a sign of mold), cracked windows, missing or damaged screens, no GCFI, flooring, broken handles, damaged cabinets, interior doors on exterior entrances (I see this a lot), bowls under sinks to catch leaks, general run-down-unlovedness.
24 January 2021 | 54 replies
I added an extra $5 into the cleaning fee to cover it, but some guests bring more cars.
8 January 2019 | 6 replies
Catherine, thanks so much for your reply.Russell, thanks for your reply also however I wouldn't expect their E&O insurance to cover me when I'm working as a principal.
8 January 2019 | 6 replies
@Ed Taslak it is not so much that they have your best interest in mind - RESPA law covers that.
9 January 2019 | 9 replies
Put some money in an escrow account (suggest $10K) to cover repair cost.
15 January 2019 | 10 replies
Please note, in the event of a legitimate lawsuit we do have liability insurance to cover any claims.This is an attempt to design a lifestyle and not necessarily the best mathematical return.
8 January 2019 | 4 replies
in theory yes. in actuality, no. reasoning: banks don't like loaning you money when you have no "skin in it" that's why you need down payments. you also need to cover closing costs. theoretically, banks may lend you money if the deal is so good that you have enough "instant equity" to cover their ***. for example, banks like loaning 80% of the value.
20 June 2020 | 20 replies
The VA will only fund the appraisal amount and you will have to cover the rest out of pocket.
26 July 2020 | 7 replies
You've got to have plenty of deals in the pipe line to offset those taxes and cover reno costs.Some folks in your situation choose to continue their path of buy and hold investing.