We're often helping each other problem solve our listings or helping with specific situations that are occurring at our properties.

Proportional leverage (like 27% LTV) isn’t specifically required, but if you don’t reinvest the full amount or fail to replace debt, the difference will be taxed as boot.

However, terms are negotiated specific to each project. 

Posting this here in hopes that other sub to 'sellers' see this and take action against these predators. ”getting it out of this sub to agreement that is probably not enforceable in most jurisdictions”“It is fairly easy to prove that the sleazy and less experienced sub to people had ill intent”Can you sight specific legal cases that back up the above assertions?  

We are a team of 3 and we handle all of Northern NJ, Manhattan and Brooklyn. 

I recommend considering your cash flow and debt-to-income ratio before making a decision, and consulting with a financial advisor to tailor the choice to your specific needs.Good luck!

When faced with scenarios like this, it's tough to answer such a specific question with limited information. 

- Usually a 5 unit with a boiler means that all the units share the boiler heating system.Which specific utilities in which units are paid by tenants vs shared?

@Tom OchiengI would reach out to a real estate attorney for specific advice on this situation since you already have one tenant who is being difficult.On a side note, when I have inherited tenants, I have been most successful when I have provided longer non-renewal notices, like 60-90 days, and offered to assist with moving costs.

Hello BP Team…We have a contractor that left after the 2nd Draw and stole materials.