How do you negotiate or convince the seller to pay for repairs such as electrical panel or sinking roof once the home has been inspected?
We just started bringing some single family homes into our portfolio. We fully renovated each house (roofs, HVAC etc.). What % of the monthly income should we set aside as a reserve against future capital repairs?
I found a home that is move in ready; Minus the roof which is 21 years old. The listing is a 3/2, granite counters, wood floors, tile kitchen and bathrooms. Huge screened in lanai in a prideful pocket neighborhood. G...
My first rental has a roof leak , my regular roofer is on vacation for a month . The winter is coming and the weather is nice so I break out my tools . Naturally its more involved than I first thought . It was easier...
In inspecting homes here in San Antonio, I've found some really good and some really crazy work. Some days are "wow, that's a really good job", and others are "oh boy...I just saw that, didn't I?" So, I've decided to ...
I opened the roof claim to see if the insurance covers everything. The adjustor visited home and based on deduction and deprecation, 45% of the roof will be paid by LM. However, while I was evaluating to replace or re...
I am moving out of my 3.5 year old single-family home as it is becoming a rental next week. I got my roof inspected to assess for any concerns on my way out. There were five cracked tiles identified and it was recomme...
Hello BP Community,I am finishing up the book, Long-Distance Real Estate Investing, by David Greene and he speaks about the biggest house expenses that pertain to specific geographical areas (frozen pipes that burst i...
When you make an offer on a off market deal, how much do you explain to the seller? What I mean is let's say you offer 110K On a house....well below market value and the current owner will assume you are low balling t...
Hello BP!I am proud to say I have put an offer in and it is going smoothly until I hit a wall...I have found a nice duplex in a very nice charming town outside of my home town Rockford, IL. I am under contract, and I ...