All Forum Posts by: Scott Mac

Hi Corey,

To me, it seems like they should have a business bank account at a legitimate bank.

Good Luck!

HI Larry,

Strange they won't permit a new house since it increases the tax base?

Maybe increase your own home value by petitioning the local government to close and abandon the alley and deed it over to you and your neighbor, (though it would still probably remain an easement).

Then fence the whole of your property as one unit, and sell it as a large lot property in the city.

Also, most of these empty older city lots had a home on them at one time that either burned or was condemned.

When they razed a structure in the old days they would just push the debris from the house into the foundation and level the foundation to just below the dirt.

Meaning there might be a full basement there just below the grass (full of debris), that might qualify as a rebuild or an addition of sorts, instead of new construction.

If they allow this, you can look for the old basement by driving a rebar at a 45 degree angle into the dirt after it rains. Start from the front of the lot and go backwards.

Good luck!

Hi Michael,

That seems like it might move the investor out of the passive investor role????

Also, it seems like locking in a vendor like that might have some conflict of interest issues, if not for you then possibly for the property manager????

If you have not run that by your Syndication Attorney yet, it seems like a best first move on this.

Good Luck!

Hi Jack,

Probably the Property Manager, because a good property manager will know the good areas and the dangerous areas, and may be able to recommend contractors who will work well with investors.

Just my thoughts,

Good Luck!

Hi Rosa,

2 questions.

What kind of minimum down payment is required there for apartment buildings if a buyer is a United States LLC (or does it require a Mexican IBC (International Business Corporation) to be the buyer)?

Scott...

Hi Elijah,

Your are out nothing by inquiring about OWC.

If it were me, and if I knew he'd be home and awake, I'd be over there in person tomorrow morning with a couple of hot cups of coffee, some sugars and creams from McDonald's.

Shake a hand and make a friend kind of thing, and see where it goes from there.

Good Luck!

Hi Nicolas,

The chimney seems very tall, almost like an old smoke stack from an industrial building.

Is that the normal height for a chimney in that neighborhood?

Nice looking building.

Hi Steven,

In Las Vegas it will heat a pool nicely.

Hi Ayne C..

Check your inbox for this site I sent you a message re images.

Hi Tanner,

If you are a landlord, it's intelligent to have some (CASH) reserves for repairs, vacancies (to carry the monthly payments during that time), and emergencies such as the water heater going out, or the furnace needing a replacement, etc... (things that need money now or the tenant moves out kind of things).

Good Luck!