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We are working with a seller in foreclosure. There is quite a bit of equity in the home and it only needs minimal upgrades and repairs. The foreclosure sale date is fast approaching...only a few days left. The s...
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I have several LLCs (holding company that owns LLCs in states where I currently have rental properties). I'm struggling with and have not found any good guidance on how to best keep minutes for my LLCs. Wondering if...
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Hello Everyone. I have been interested in buying and holding multi family units in my area but I am having trouble finding properties. As an alternative I am looking to build. Modular will be my choice of construct...
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What do you when you used credit card debt to renovate a house that was over budget and still need to finish the renovation?
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A Scope of Work (SOW) is a description of planned property renovations, with the primary components being a line item budget and a construction schedule. A detailed SOW is important for nearly every type of value-add ...
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Hi Guys,Thanks in advance for your help. I'm a new investor, and just recently ran into an issue with financing. I've done a search in the forums, but can't seem to find the exact answer to my question below:Backgro...
Our section 8 tenant had a death in the family, and unable to pay this month's tenant portion. As a new investor, I wanted to begin prepping for what to expect going forward. We did issue a letter (reminder) of paymen...
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Hello,A little background. This past year we have run the gamut of GC's. A fellow rehabber was taken for 23k. The GC just took the money and never showed up. I had a few bad experiences culminating with this last ...
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So we bought a house. Our lease ends April 30th at our duplex while construction is wrapping up on our new home. Original move in date was April 28th. Due to some storms we are looking closer to May 2nd.Despite months...
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Hi BP!Does anyone have a good spreadsheet template for tracking all expenses associated with rehabbing?Best,