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29 July 2022 | 13 replies
This one was old and had a very loud alarm and a big red button that said SILENCE ALARM.
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19 July 2022 | 6 replies
You still have the due on sale issue, but at least you have some control through the right to foreclose and get the property back.Perhaps more importantly, if it is the buyer who mentioned the term “deed in lieu” in conjunction buying the property sub2, then either they have no clue what they are doing or they are trying scam/dupe you somehow.Also be aware, the reason most people are trying to buy sub2, especially if he has cash for your equity/down payment, is because they can’t qualify for a loan themselves, which is a red flag.
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31 July 2022 | 17 replies
We'd be willing to put some work into any of the homes that made sense.Using tools such as the BP rental property calculator and Mashvisor, I'm only coming across properties that, with the minimum FHA down payment of 3.5%, will be cash flow positive after a number of years (lowest I've seen is 3 years, up to 15+ years which would likely be a no-go/red flag).In today's market, is that something that's typical with this type of down payment?
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14 July 2022 | 0 replies
Now my problem is I remodel houses and materials are expensive and often you have useful supplies that you don't want to throw away like half a sheet of drywall a third of a bucket of red guard, etc.Has anybody else who hates to throw good stuff out but who lacks warehouse space ever thought it would be great to have an app or communal warehouse were the local construction guys could just trade stuff like a college share box?
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21 July 2022 | 4 replies
To be certain where that FMV is you need someone with sufficient experience.In terms of rehab, here is how I would generally decide:- fix everything that is a major red flag to a home inspector (mold..)- improve what stands out cosmetically the most, focus on large things like walls, floors, garage door, exterior etc- improve landscaping, cut, trim, fertilize and water everything around the house- focus on kitchen and living room- leave smaller and secondary issues to the buyer- clean!
25 July 2022 | 27 replies
The larger institutional lenders have a ton of red tape and hoops to jump through on each deal, etc.
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19 July 2022 | 13 replies
Sold the house that weekend and 30 days later after closing and right after we took a picture together for Social media I told her it was a prank and it was a picture off google, she turned bright red.
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18 July 2022 | 4 replies
I have been reading that you are supposed to wait up to about 6 months before the refi, but also have read if you have a business plan on where the money is going to be spent that it’s doable without a red flag going up.
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24 July 2022 | 2 replies
It seems to be a relatively thin wire, with 4 smaller wires inside, each coated with either red, yellow ,blue, or white.
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2 August 2022 | 16 replies
Red flags for me that stand out on the financials are water, sewer, trash and maintenance.