Christina Luton
Is a major lack of DD a red flag?
We are under contract for a motel/rv park that is a value add site. Seller has not been able to provide any due diligence including contracts with long term rv tenants, proof of income in any way, proof of any expense...
Jason Malabute
LOOK FOR THIS MAJOR RED FLAG IN INVESTOR'S UNDERWRITING
One of the biggest red flags is if the investor thinks they can raise the rent of all the units in year 1 (especially if the property is a mid-size or large-size property). This is impossible. The property manager can...
Ken Virzi
Potential Red Flag and protecting the site from wolves
So I got a colleague request with the following message:"Hi Ken!I am a Cleveland investor living in Los Angeles who is trying to gauge interest with people about organizing a Socal/Cleveland investor meet up.I am reac...
Jorge Vazquez
Five Red Flags When Buying a Home “As Is”
Foundation Cracks
Cracks in the foundation are major red flags. They’re harbingers of potentially significant repair costs or worse. Freshly patched cracks can also be a cause for concern.
Foundation cracks can be s...
Jake Krum
Red flags to Look for when viewing a property.
Hi,I'm looking to buy my first rental property. This weekend I will be walking through a handful of properties for the first time in my life. What are some red flags I should keep an eye out for? Thanks in advance!
Rick Bassett
Worst tenant ever - I missed a giant RED FLAG
If everything goes well then our worst tenant ever will be moved-out in just under 12 hours from now, the champagne is on ice and we are cautiously optimistic. Interestedly enough, the problems with this tenant have v...
Urvashi Vasishtha
Five Red Flags When Buying a Home “As Is"
I came across many such "as-is" listings over the past week but couldn't find answers to the red flags. So, I did some research and put down afew important details. Let me know if there are other red flags as well. Yo...
Jane S.
Too many red flags for these applicants, your thoughts?
1. Woman listed her brother in law as her current landlord on the app. He owns the house, she and her son and her partner are sharing with him since mid2018. They pay him $1200/month. She wasnt able to provide previou...
Ryan W.
Preliminary title search in NJ to identify red flags
When researching pre-foreclosure properties, I get an initial feel for the lien situation from the foreclosure complaint, but know there may be others out there. Short of doing my own search at the courthouse, what a...
Ally Alvarez
What are red flags for a market for LTRs?
Is it good if there are a lot of rentals available? Or, does that mean too much saturation? Is less availability bad, meaning not many wanting to rent? How do you analyze the need for renters for both ends?Do school r...