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24 July 2024 | 12 replies
@Varun Hegde - This is a good topic.Often a title policy is issued to "XYZ Entity or Individual(s) and/or it's assigns" – however unless the title company handling my closing can perform a date down from when the existing title policy is ordered and issue an update in my name, I purchase a new policy at closing and factor the cost into my offer price.
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24 July 2024 | 6 replies
I prefer someone holding the CRE designation to perform the study, although MAI designees are usually also qualified.
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27 July 2024 | 50 replies
I bought 4 new constructions in brandon and pearl and while they performed fine .. they never really went up in value over 14 years of owning them..
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24 July 2024 | 8 replies
You need representation that has a lot of experience to avoid common issues like early terminations, performance of that location for tenant, etc..Rule #1 is make sure you are happy with market rents for the building (not what current tenant is paying).
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25 July 2024 | 18 replies
Running a self-service car wash may not take much in the way of experience but as noted above, there are a number of maintenance/supply issues, etc.I would also strongly recommend getting tax return information for historical performance.
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23 July 2024 | 5 replies
Paid market value however the property is under performing.
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23 July 2024 | 3 replies
I previously relied on 3rd party GC's building quite a few single family to 4 unit buildings throughout Philadelphia and eventually transitioned to self performing.
24 July 2024 | 6 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!
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21 July 2024 | 0 replies
Specifically ERVs. I'm working towards Energy Star in my new 4 unit build because it's fairly easy to get slightly above code and cheap to have the raters come and certify you with the Energy Star label which would ad...
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23 July 2024 | 2 replies
This can have a very beneficial impact as personal property typically has a much shorter useful life for depreciation purposes than real property.For example, if you are getting a cost segregation study performed on a commercial office building, there will most likely be assets that have been classified as part of the building but are able to be reclassified to real property and depreciation over a shorter useful life such as 5,7 or 15 years rather than 39 years.