1. Buying a Home As-Is When you buy a foreclosure property, you need to know that banks are typically quite serious about selling a property in its current condition, or as-is. This means that, although you can certainly ask the bank to pay for repairs, the bank is already telling […]
How can you “tenant proof” your rentals?
A couple of quick items come to mind – hard surface floors – NO CARPET. Tile is better than wood or laminate because it’s tougher. These days I’d recommend LVP (Luxury Vinyl Plank) flooring. It’s not indestructible, but it wears well and you can replace individual pieces without replacing the whole room. Another thing […]
Real Estate Investing: What’s a pre-foreclosure and how can I buy real estate at auction?
Tom from Spanish Fort, AL asked: “How can I buy a condo that’s a pre-foreclosure or at auction?” Pre-foreclosure properties are generally defined as a property that has been served a notice of foreclosure, but the foreclosure sale has not yet taken place. You’ll see lots of these on Zillow. They are fool’s gold. I’ve […]
How do I find good contractors and subs for rehab/remodel/repair?
If you’re looking for good subs, start hanging out at HomeDepot/Lowe/Whatever drinking coffee when they open. I’m talking about 5am open, not 7:30 when it’s easy. Keep at it long enough and you’ll start to notice the same guys and companies getting an early start. While this doesn’t speak to the quality of their work, […]