Jeremy Jong
[Jersey City] Short-Term Rental Inspection: Pass/fail based on home's condition?
Got a question for the Jersey City hosts - I bought a single-family home recently and plan to rent out some rooms. The rooms to rent are ready and overall the house is in good condition.
However, due to a leak that...
Omari Morgan
What condition does a property need to be on to pull cash out.
I've bought a hand full of properties outright and owned them for a few years. I'm looking to pull cash out and leverage these properties. Hopefully someone can understand this question. The are in decent conditio...
Jeff Mills
What numbers/conditions would it take for you to buy in a ghetto?
I'm looking at a small apartment complex where based on my numbers the cap rate could be around 25% and the COC over 70%. Rents are around $450. It's also mostly renovated, just needs 10k - 12k left according to the s...
Kim J.
What "Rating Words" Do You Use on Move-In/Move-Out Condition Rpt?
Hi Everyone!
I'm curious what words or rating/grading system do you use to grade the condition of things on your Move-In/Move-Out Condition Reports. And how do you define the grades that you use?
For example, do yo...
Galit Garsiel
Is it worth it to buy a house in bad condition and renovate?
When buying a house in a horrible condition that needs plenty of fixing, will the cost of the renovation be as high as the cost of buying a better house that doesn't need fixing?Say I want to buy a house to rent it ou...
Giganni Lopez
Do properties need to be in "good" condition in order to be financed?
I'm a Miami realtor looking to purchase out of state. First time home buyer wanting to use FHA 3.5% or conventional 3%. I'm finding a lot of properties in Ohio & Illinois for less than 100K. They need a lot of wor...
Banu Sho
Making a New lease with additional conditions on a month to month tenancy
My tenant is on a month-to-month lease for a long time in a rent-controlled property in LA County. The last lease was signed a few years ago. 1) If I want to make a new lease adding some new terms to the lease, do I n...
Jeff D.
When to walk away from a deal (poor current condition of property exteriors)
Looking at a package deal of 5 properties (4 duplexes and a triplex) this week in Ohio. Had a family member do a drive by this morning and says exterior of the properties look rough and not well kept. Question I have ...
Mike Schorah
Do you find sellers lie over phone when talking about condition of property?
Seems like some people don’t understand exactly what “updated” means. It doesn’t mean a clean house, it means a modern house. Clean 1970s wood paneling does not mean “updated”.
Seems like a lot of people are very pro...
Taylor Robertson
Should I wait to start paying closing fees until after verifying property condition?
I am under contract for a duplex. I viewed the vacant unit last week, which was in excellent condition. The other unit is currently occupied, and I plan on viewing it this weekend because the seller’s agent wouldn’t a...