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12 October 2018 | 2 replies
Should I just extend the Closing Date to whenever they're ready to deliver Possession?
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15 October 2018 | 17 replies
The seller wants to close fast, within two weeks, but would like 30 days after closing to move everything out.So we would close at the end of October, but full possession would be given, say, December 1st.Can I simply rewrite the Possession clause in my Purchase Agreement to say "Possession of the property and occupancy (tenants excepted), with all keys and garage door openers, will be delivered to the Buyer 30 days after title transfers.
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16 October 2018 | 12 replies
Your education has also prepared you to analyze cycles and this point in the market is not an easy entry for passive investors not willing to be a small part of a much larger endeavor.In your case I'd be looking to real estate more as a tax hedge that will build substantial cash flow over time while delivering substantial depreciation and tax benefits from day one.
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31 October 2018 | 13 replies
Otherwise, a 30 day written notice of non-renewal delivered in the correct way should be sufficient to have the right to take back the property.
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18 October 2018 | 7 replies
I already asked the bank if it could be delivered vacant but from how they responded I think they want to avoid that headache.
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16 October 2018 | 4 replies
Have your attorney make it a condition of the contract that the seller deliver one unit empty for you to be able to occupy.
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16 October 2018 | 2 replies
The actual rehab cost was $125,000, and we have delivered the property on time.
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20 October 2018 | 13 replies
I've talked to the current PM, and while he's usually leery about managing non-conforming properties, he said the fact that the postal service didn't raise a red flag and is delivering to all four units is good enough for him that there'll be no issues with the county.
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21 October 2018 | 12 replies
Recently I've tried sending a certified letter (containing all my contact info and a request for contact) with return receipt, but USPS reports they were unable to deliver it - Notice Left (No Authorized Recipient Available)There is nothing particularly wrong, and she's completely current with rent based on auto-payments.I feel uncomfortable not being able to reach her.
21 September 2018 | 9 replies
The property delivers an 8-10% annual cash on cash return and has ridden the recent market upswing and appreciated about 25-30% in value since purchase (March 2016).