All Forum Posts by: Tommy Restivo

 Should the seller put me in his Will or should I just come to an agreement on a Life Estate if he is willing to do this?

I am an investor/realtor here in Champaign/Urbana let me know if you need some help.

I am the current buyer looking to buy two pieces of land with 3 studios on one of the plots of land.  The owner has had the electrical power turned off bc I own the 3 single families next to his studios.  His studio was pulling power from one of my single family homes.  The problem is the owner of the studios has no power currently.  Next, he wants to continue to use his studio as he does work out of it.  Third, he wants me a life estate with this property and land and the man is 74 years old.  I have asked if I could at least rehab and rent out one of the studio he currently uses for his art studio.  My current 3 single families have an easement with his land that has the studios on it.  I am not sure if I should turn his power back on in return for the deed with a little cash down??? He also is a owner of a single family next door too.  The other idea I have thought about is offering up owner financing to his primary house as he continues to live their.  Just not sure how I can make any money and be in the red??? Looking for some ideas

Did you ever find a contractor?  If so, could you please DM the reference.

Does anyone have any recommendations on a flooring company or a contractor to replace cabinets and lay LVP throughout the house roughly 650sq. ft in Manitou Springs, CO

Looking for Home Owners Insurance on 3 single family properties on 1 parcel in Manitou Springs

Looking for Home Owners Insurance on 3 single family properties in Manitou Springs

What lessons I learned was to jump into it.  Practice running your numbers over and over until you feel comfortable and I am ultra aggressive on my numbers at times.  I probably lose out on deals because of the aggressive numbers I use.

Jonathan, Currently no deals just been researching it and getting my team together.  I would like to want a title company in place that works with subject to deals and a attorney in place too before putting a deal together

Thanks