Michael Brown
Potential First Flip!
8 January 2017 | 23 replies
Secondly, make sure you get an inspection before you are locked in as I have walked away from houses that had extreme repair costs for specific items (10k and more per issue) due to: Failing septic system, mold remediation, methamphetamine contamination, dry rot.
Bill S.
Meth - Best practices? What do you do?
21 February 2017 | 8 replies
The levels are fairly high levels but based on the environmental consultant probably did not include manufacturing just contamination from heavy use via smoking.
Mitch H.
Any had to install a backflow device on their small multifamily?
27 April 2018 | 11 replies
I had the lack of a backflow preventer come up on an inspection report recently for a single family residence- I admit I'd never heard of such a thing, but it keeps potentially contaminated water from outside from siphoning back into the domestic plumbing system.
Jamie Montpellier
I found a brand new Triplex.... It's next to a gas station.
2 January 2015 | 3 replies
You need to worry about environmental contamination, illegal dumping next to the gas station over the years, and leaking of gas tanks.It doesn't matter who caused the contamination the EPA will make the current owners clean It up.If it's a new build the seller should have a phase one completed on the land.
Kenneth Biason
Garfield NJ Superfund Question
12 March 2021 | 9 replies
I've been reading up on the issue and to my understanding all the contamination has been contained/removed.
Tim Marshall
Garage security deposit
28 February 2022 | 5 replies
Any contamination can significantly affect your ability to sell the property.
Ethan Bruland
Seeking advice on NNN or Absolute Net leaseback on Industrial
7 January 2022 | 9 replies
They often sell good stuff to people like me that already knows them or other buyers and sell the scraps to newbies that do not know better and buy the dogs.At very least you need a good commercial retail attorney to do the lease.Biggest thing with industrial is possible environmental contamination and if per the lease they are on the hook for it.Basically there are tons of things to look out for and you need help.
Connie Dai
How to compensate personal guarantor in a syndication transaction
13 May 2022 | 9 replies
@William Yeh Under non-recourse loans, the guarantor is not generally responsible for losses the lender incurs, unless they commit certain bad acts; such as fraud, waste, damage or destruction, misapplication, misrepresentation, bankruptcy, or environmental contamination.
Rick Bassett
Worst tenant ever - I missed a giant RED FLAG
1 February 2016 | 35 replies
The same woman cited in my above post claimed that the water coming into the building was contaminated.
Ryan Edwards
Obtaining a CO on a 23% CAP 8 unit we are wanting to buy
8 August 2013 | 22 replies
But go at it with a belt sander and you've just contaminated a large area with lead dust.