ilmscore | Prediction Details
"get the city involved because you want the city to know that you're looking at buying this property that you want to rent it out because maybe they're creating some new restrictions on new landlords you got to low that before you entry buy the property maybe they have some outstanding leans you want to know this before you buy the property talk to the city see what needs to be done in terms of Licensing because if they have their own requirements in terms of Licensing if they have different changes that they want to make you want to know that beforehand because if you don't know that it can end up costing you a fortune after you buy the property with a whole bunch of repairs and upgrades that you didn't know that you have to make"
By Minority Mindset | October 22, 2023 | Pending
From video
How To Build True Wealth Through Real Estate Investing | Jaspreet Singh 00:55:05 - 00:55:41
Interpreted Prediction
Engaging with the city during due diligence is crucial to understand licensing requirements, potential new landlord restrictions, and outstanding liens, preventing unexpected costs after purchase.

Prediction Details

Topic
Real Estate Investment Due Diligence

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