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All Forum Posts by: Vidyadhar R.

Vidyadhar R. has started 24 posts and replied 43 times.

Post: Investing in Tulum?

Vidyadhar R.Posted
  • Investor
  • Trenton, NJ
  • Posts 47
  • Votes 7

Thanks @Mike Lambert. Do you remember any lenders who'll lend in that area? Thanks.

Post: Investing in Tulum?

Vidyadhar R.Posted
  • Investor
  • Trenton, NJ
  • Posts 47
  • Votes 7

Does anyone have experience with banks or lenders in Mexico taking mortgage for investment property in Tulum? I'm looking for info on how much downpayment to make and LTC info.TIA

Post: Attorney to help close storage property in upstate NY

Vidyadhar R.Posted
  • Investor
  • Trenton, NJ
  • Posts 47
  • Votes 7

Town of Waddington, St. Lawrence County NY

Post: Attorney to help close storage property in upstate NY

Vidyadhar R.Posted
  • Investor
  • Trenton, NJ
  • Posts 47
  • Votes 7

Hi, I'm looking for an attorney to help close a storage deal in 2 weeks. Please provide any recommendations. Thanks.

Post: Alabama Communit Banks for Land Loan for Build to Rent (BTR)

Vidyadhar R.Posted
  • Investor
  • Trenton, NJ
  • Posts 47
  • Votes 7

@Dave Skow thanks for the advice. 1) current lender is HM and isn't feasible. 2) keeping options open to dispose entitled asset or continue building 3) and 4) currently exploring. Please let me know if you know any. Thanks.

Post: Alabama Communit Banks for Land Loan for Build to Rent (BTR)

Vidyadhar R.Posted
  • Investor
  • Trenton, NJ
  • Posts 47
  • Votes 7
Quote from @Simmy Ahluwalia:

May I ask for what reason?  Are you seeking another bridge/development/construction loan to take-out the existing lender?  Happy to chat about this.

@Simmy Ahluwalia We're pursuing other projects in different states and are keeping our options open to dispose this asset if it makes sense or continue building.   Yes I'm looking for a bridge loan. Is that something you do?

Post: Alabama Communit Banks for Land Loan for Build to Rent (BTR)

Vidyadhar R.Posted
  • Investor
  • Trenton, NJ
  • Posts 47
  • Votes 7

Hi, I'm looking for recommendations for local community banks in Alabama to replace a current loan on the land on which we're beginning construction of 100 unit SFH community. Please advise. TIA

Post: honor current lease or hike rent?

Vidyadhar R.Posted
  • Investor
  • Trenton, NJ
  • Posts 47
  • Votes 7

Hi, I bought a house with a tenant who has a lease with past owner. This is in NJ. As a new owner am I legally obligated to honor the lease and not increase the rent or is the lease not valid anymore because its not between me and the tenant but the past owner? The rent was unchanged for past several years. Please advise. Thanks.

    Hi, I bought a house with a tenant who has a lease with past owner. This is in NJ. As a new owner am I legally obligated to honor the lease and not increase the rent or is the lease not valid anymore because its not between me and the tenant but the past owner? The rent was unchanged for past several years. Please advise. Thanks.

    Post: umbrella insurance or llc?

    Vidyadhar R.Posted
    • Investor
    • Trenton, NJ
    • Posts 47
    • Votes 7

    Thanks @John Mocker for sharing your thoughts. Something that is uncertain is whether corporate veil can be breached even if you follow rules of running an llc. keeping records, holding meetings, etc. I'll discuss this with tax attorney