Posts Tagged ‘the storage stud’

Our Latest Fix and Flip Deal

In this video, Fernando will talk about his Fix and Flip deal in Schaumburg, Illinois. It is a very interesting and unique property because it has a lot of lessons built into it. The property has been stuck in probate for more or less 7 years. When the owner finally moved the property from probate…

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Compensation and Incentives – Fernando Angelucci, The Storage Stud

How do you compensate and how do you incentivize your staff and personnel? For Fernando, this is a critical point in hiring and keeping his people happy. Not everyone is incentivized by money or compensation. You need to know what drives them. If compensation is what drives your employee then make sure to give them…

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Upgrades and Remodeling – Fernando Angelucci, The Storage Stud

In addition to non-capital expenditures, increases in revenues and decreases in expenses, also look at building additional land and facilities on that land. Be very careful with this because you don’t want to over rehab or overbuild your facility in an area that does not support it or won’t bring you value. Once we have…

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24 – What is an inspection period?

Understanding what is an inspection period. When a buyer and seller wants to deal in a real estate transaction. It is common for a buyer to sign before checking the property. What they’d want is to bring in professionals to evaluate the property and see how much it will take to fix the property. The…

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23 – What are contingencies?

This is any type of clause in the contract that states that either the buyer or the seller can get out of the contract without losing earnest money if there is something not of their satisfaction. An example would be an inspection contingency, especially with properties that need work done on them. Professionals would be…

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22 – What is an attorney review period?

In most states, when a contract is signed there is a period of days after where attorneys of the seller and buyer can review and choose to modify other details of the contract except for the price. The attorney from either party can still accept, reject, or modify certain things. https://youtu.be/HkHb0Z_UGiY https://youtu.be/HkHb0Z_UGiY If you want…

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21 – What is earnest money?

This is a payment made to the seller by the buyer to signify that they are fully intended to close on the property. If the buyer doesn’t close, the seller gets to keep the money for the time and effort already done. It shows good faith basically. https://youtu.be/eNH5x9yySvA https://youtu.be/eNH5x9yySvA If you want to learn more…

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20 – How do I sign a contract?

There are a few different ways. The easiest way is to use a digital signing service. The document will be emailed and it will have marks of what you need to fill up and sign. Another way is to print out the document then physically sign with a pen. Scan this and then send it…

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