All Forum Posts by: Tyion Bridgeman

@Guy Yoes Your misunderstanding the situation. The question isn't if there are laws that prevent people from possessing a firearm in their personal residence, but if a property owner can enact their own rules in the lease that ban them from their "private party". The answer to that question is, with exception to the few states I listed above (MN, VA, TN), a resounding yes. As a property owner you can include in the lease a ban on firearms.

Gotcha! Offer to buy a local realtor coffee and they'll be your best friend lol. Good luck 

Hey @Jon Sidoti

I'm bias, but I would recommend the Bloomington-Normal for multifamily rental properties. With Statefarm's Corporate Headquarters combined with ISU and IWU there's never a shortage of qualified tenants. If you find a property in the sweetspot where you can attract professionals as well as students vacancies will never be a problem. 

If you had any interest in seeing what's currently available, on and off market, send me a message with your criteria, and I'll get back to you. 

I don't mean to be rude, but what benefit does a realtor have working with a wholesaler, if the whole business model depends on you not ever actually closing on a property?

Look forward to hearing from you Aaron.

It definitely isn't a second amendment issue as some posters are claiming. The second amendment allows one to have a gun but doesn't give carte blanche to take it wherever you like. 

That said, some states did pass laws specifically to prevent landlords from banning firearms. The only states I can see that do that are MN, VA, and TN. According to the Institute of Real Estate Managements report on the subject those are the only 3, but said report is 3 years old.

Hey @Yash Bajpai

Full disclosure, I'm bias because I'm a broker, but ALWAYS have your own agent. The listing agent representing the seller has a fiduciary responsibility to their client, so they are legally obligated to screw you over as much as possible. And as far as the commission thing goes that listing agent is also legally obligated to bring all offers to their client and the actual seller wont care if the agent has to split the commission or not so it shouldn't have any affect on your offer being accepted or not. 

Im a broker in Illinois, but have a few contacts in Atlanta. What budget is your buyer working with and what's your buyers desired cap rate?

As a broker myself the best thing to do in an initial conversation or message is express that you have a serious intent to buy and within what timeframe. I personally love working with investors, but hate working with want to be investors that never actually buy. Just let them know that your serious, and they should be happy to help you. Then again most agents suck so you're going to go through a couple of bad ones first.

This happened to me before when the market we were in was changing pretty rapidly and their weren't any close enough comps that have recently closed for the appraiser to base his judgment off of. Appraisers have strict standards on what comps they can and cant use. All this is to say, just because it appraised at one amount doesn't mean it isn't worth the original purchase price. The fact that you were willing to buy it for that proves it is worth it, right?