5 May 2020 | 5 replies
Purchase: $115,500 including closing costsARV comps recently sold (2020): $170-$190KRent:$1100-1200Cosmetic Rehab: $18,000Repairs: $12-15K Because this is sold as-is and is an old property, there are repairs that need to be done such as foundation bracing, sewer clean out (inspector couldn’t get passed tree root build up), load bearing beam replacements in basement, electric panel replacement, gutter/fascia replacement, And a new water heater.
10 June 2020 | 2 replies
also Its unclear to me but many say the tax deed sale wipes all liens clean.
5 May 2020 | 12 replies
That being said, do not be afraid to write into your Purchase Agreement that a unit needs to be delivered empty and broom clean at close if the current tenant is behind on rent or has trashed the unit.
7 July 2020 | 6 replies
How much would it cost a retailer to cancel $100M of lease obligations with a length of 0-5 years? These leases are usually about 1000 sqft in malls and some on streets. I've tried to look at public companies but typi...
17 June 2020 | 8 replies
Overall is the house safe and clean and the surfaces all covered with modern paint?
5 May 2020 | 2 replies
Take them with a lot more light and if the carpet is dirty and the paint is worn I would clean and refresh that.
5 May 2020 | 3 replies
I have a nice charcoal grill.Easier to clean, I never run out of gas (renters are responsible for charcoal) I hate cleaning my gas grill at home, to many parts to disassemble.When your on vacation you have more time to relax and a charcoal grill just feels like vacation.Good thing I have spell check, I had charcoal spelled 3 different ways.
17 June 2020 | 21 replies
Trust me, you don't want to have your tenant call to let you know the new kitchen cabinet came off the wall when she put her dishes in it, to find out the contractor you hired didn't screw it into any studs (haha .. yes, it's true .. luckily we no longer work with that contractor but will likely be cleaning up messes for years to come).
10 May 2020 | 3 replies
I found an amazing housekeeper/manager (who also lives in the neighborhood) who cleans and monitors the place for me.
11 May 2020 | 8 replies
It was already moving away from bigger department stores in malls, but this may accelerate it.