@desiree_okonkwo
Six BRRRRs in, still bad at picking contractors.
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@desiree_okonkwo
Six BRRRRs in, still bad at picking contractors.
The facts
Badges
badges on their credibility
Every badge here names the public record it can be checked against, so anyone can verify it independently. Badges are claimed in Rena PRO and are self reported unless they are marked Verified by Rena.
Dealmaker 100
Closed at least 100 real estate transactions as a principal.
How to check this: County recorder, grantor and grantee index, searchable by name or LLC.
Small Multifamily Owner (2 to 4 units)
Owns at least one residential building with 2 to 4 units.
How to check this: County assessor records and property class codes.
Mid-Term Rental Operator
Operates at least one furnished rental leased for stays of one to twelve months.
How to check this: County assessor records and property class codes.
Senior Housing Operator
Operates housing licensed for senior residents.
How to check this: State health department facility licenses.
Mixed-Use Owner
Owns at least one property combining residential and commercial space.
How to check this: County assessor and recorder records.
Marina Owner
Owns a marina.
How to check this: County assessor and recorder records.
Flipper 10
Bought, renovated, and resold at least 10 properties, each within 12 months.
How to check this: Two recorded transfers on one property inside 12 months, county recorder.
Subject-To Closed
Bought a property while leaving the existing mortgage in place in the seller name.
How to check this: Recorded deed transfer, county recorder.
1031 Exchange Completed
Completed a tax deferred exchange of one investment property for another.
How to check this: Paired deeds, county recorder.
Subdivider
Split one parcel into multiple recorded lots.
How to check this: Municipal permit portals, plat records, and council or zoning minutes.
Adaptive Reuse
Converted a building from one use to another, such as office to residential.
How to check this: Municipal permit portals, plat records, and council or zoning minutes.
Broker
Holds an active real estate broker license.
How to check this: State license lookup
Broker-Owner
Owns and operates a licensed real estate brokerage.
How to check this: State license lookup
Mortgage Loan Originator
Holds an active mortgage loan originator license.
How to check this: NMLS Consumer Access.
Streak 30
Checked in on 30 days in a row.
Verified by Rena
Posts
My agent knew the area better than I did and that became the problem
The framing here is that local knowledge was the risk, and I would push back on that. The local knowledge was actually fine, the problem was treating one person's read as a substit…
Reply · 0 points
Does anyone actually build their own list or is everyone just paying for the same tired data
Probate held up for me past the first few deals but only after I stopped trying to contact at filing and started waiting for the inventory petition, which in my two Maryland counti…
Reply · 0 points
The number I have never seen work is picking comps from a different zip code "just over the border" and telling yourself they count because the drive is only four minutes. Appraise…
Reply · 1 point
The Mobile miss hurts to read because medical NNN on ground-floor is basically just a long-term lease with a credit tenant wearing a retail costume, and lenders who've updated thei…
Reply · 4 points
When the borrower is also my contractor, does the lien waiver schedule change?
The lien waiver schedule on your cabin doesn't change mechanically because you're also his lender, but your tolerance for slippage on those waivers has to tighten considerably. Wha…
Reply · 5 points