You try to prevent it.
You do all your due diligence, run your numbers, underwriting, inspections galore.
But sometimes things don't work out.
Sometimes rehab just explodes no matter how hard you try to rein it in.
The reality is sometimes you SHOULD back out of a deal.
How can you back out of a deal without losing future deals? Or being sued?
Find out here!!
New roofFoundation overhaulCondemned propertyMajor plumbing issueElectrical rewiringZoning issue
Just because you have private money accessible doesn't mean you should wait until the very last minute when you need private money to start looking for private money lenders. But how long should it take? Should I start searching for lenders once I have a property in line or should I get commitment from a private lender first?
Join me as I give you the answers!
I recently got a question from a student of mine saying he had heard of new investors having significant issues with 'seasoning'. The trouble? He wasn't having issues. Is he doing something wrong? Is he missing something?
Join me as I answer his question and talk through what new investors need to do to avoid surprise challenges with refinancing BRRRR properties.
Are you struggling to find accurate comps for your property so that you know what you are getting yourself to? Are you wondering whether the date range your property manager is looking at is long enough at when it comes to find comps?
With Covid bringing the number of listing down how will that affect ARVs and appraisers?
Join me as I guide on how to go about finding the right comps for properties within your area!
What should you expect from a first closing? What do you need to be prepared for? Do you need to be there physically or can you close remotely? What documentation do you need and how much time do you need?
It's your first time closing on an investment property. Not only that, but it needs renovation work, exists in a remote market where you don't live, and you don't want to drive (or worse ... fly) to closing.
What are your options? And what should you expect?
Learn what to expect at your first closing - join me!