5 August 2025 | 8 replies
Here's how we handled it:Carpet removal to prevent mold and speed dryingIndustrial fans and a dehumidifier brought in immediatelyDrywall and baseboard cut 6–8 inches from the floor (no moisture detected with a meter, but we didn’t want to risk it)96-hour drying period with equipment running continuouslyDrywall & painting contractor brought in for a full room (and full house, once we committed to a complete re-pipe)New carpet and padding orderedRe-pipe scheduled and completedThe Cost Breakdown:Carpet and Padding: $527.84Drywall, Trim, Paint, Finish Work: $2,200.00Paint Supplies: $87.70Full Re-Pipe: $5,242.20🔻 Total Out-of-Pocket: $8,057.74Yes, we’ve submitted an insurance claim and are optimistic about some coverage, but this situation reinforces a point I think many newer investors overlook: you must be well-capitalized.The Reserve Rule We Live By:We personally aim to keep a minimum of $10,000 in reserves per door.
2 August 2025 | 12 replies
Detailed Summary: In June 2023, WealthAbility swindled us out of TWENTY-FIVE THOUSAND DOLLARS with the use of deceptive practices, false promises, and largely inaccurate claims of providing a "full-service" detailed and customized wealth and tax strategy plan, guidance for plan implementation, tax preparation and filing, and much more with a rigorously vetted CPA and support team.
2 August 2025 | 2 replies
I've already been advised that because it can serve 4 clients max and the size of the home - that it can be used for this purpose without any zoning issues.I'd ideally like to do a commercial NNN lease where the operator handles everything, but would love to speak with someone else who has already done this to see what they've successfully implemented in the past.Has anyone ever done this in Macon-Bibb County, or in GA overall?
5 August 2025 | 20 replies
But, many elements may be required to meet LL/Tenant laws, or were deemed "emergency" items that needed repair to prevent further damage, or were clear safety/health issues, where time is critical.
4 August 2025 | 2 replies
In response to housing concerns, cities across the country are implementing stricter rules, including costly permits, special licenses, occupancy taxes, and in some cases, outright bans on non-owner-occupied rentals.
4 August 2025 | 14 replies
Then they would be prepared to read term sheets and do basic investment calculations and would prevent them from doing something they dont understand.
4 August 2025 | 29 replies
Based on what we have learned so far this one may be the winner for us, I am currently trying this with one property as it is turning and will likely convert more as they turn/renew.One of our current goals is to implement secure self-access for tenant viewings.
3 August 2025 | 9 replies
Implementing the proper legal and financial structures can help shield your personal wealth, reduce your exposure to litigation, and limit access for potential creditors.
5 August 2025 | 51 replies
•Do they have a clear implementation process with timelines and accountability?
6 August 2025 | 104 replies
However, federal securities laws and SEC regulation require providing investors with accurate information regarding investment risks, details, and fees to prevent fraud.