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21 February 2020 | 19 replies
All in all we are trucking along but some poor decisions on contractors, missed items on due diligence, and new issues have drained our rehab capital.
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8 August 2019 | 6 replies
We are weeks from closing the property, though all major items have been agreed upon.
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28 September 2019 | 26 replies
If you accept that for the lease break funds, what incentive does the tenant have for doing anything but moving out the items they want in their new place?
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8 July 2019 | 6 replies
For example: they will likely provide line items for all parts of the house that need work.
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31 July 2019 | 97 replies
Equity capture is huge on those, especially at higher price points. 10 mortgages with 10% down cashflowing 500-1k per month each?
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1 February 2022 | 9 replies
The properties were renovated very poorly, items were missing from the scope of work.
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12 August 2019 | 7 replies
Certainly learning a bit how to spot the for sure items like the '50s 8 inch square floor tile with the associated black mastic, the heating ducts covered in thin white "insulation" as well as attics with the vermiculite insulation gives you a running start by knowing you have to add funds to rehab budget.
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13 December 2019 | 56 replies
If you want to, I would recommend reading this article I wrote that has some more tips on it: https://www.biggerpockets.com/blog/2014-12-23-investing-out-of-state-essential-items-to-vet
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24 August 2019 | 8 replies
My strategy for this deal was to take on responsibility for the POS items, offer no contingencies (after my agent and contractor visited and took video), and all cash.
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12 May 2021 | 25 replies
Hypothetically if it all went into this park and your partnership had a cash call for say a big maintenance item like a septic tank failed, you can't just fund it from your personal checking account.