Especially if seller just received a windfall from the sale it is definitely worth suing for damages.

If you don't do that and the neighbors complain like it happened to me, the city will knock on the door to see what's going on and give you like a $100 per day fine which I paid.

Recently, I received pictures of a water leak in the kitchen ceiling, which appeared to be coming from the bathroom on the second floor.

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

That all is changing now, ever since Hilco Redevelopment Partners purchased the property in 2020, and received concept and development site plan approvals in 2022 and 2023.

Permitting also secures compliance and avoids fines, which can be significant in LA.This post does not create a CPA-Client relationship.

The "cash-for-equity" program from QuickLoans appears to be a shared-equity or deferred repayment model, where you receive upfront cash in exchange for giving up a portion of your future equity.

If it is returned in full, the pref equity will receive their accrued pref before common equity receives their accrued pref + share of profits.So, common equity has "unlimited" upside but really no downside protection.

First off they could close a sale and make a commission and secondly failing to do so could cause their license to be suspended or pay a fine. 3.

My good experiences come from the knowledge I've gained and the initial support I received from RTR.