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4 April 2024 | 12 replies
One thing I wish I had asked before I submitted offers on out of state properties was have an experienced investor or unbiased party (not anyone on the agent's team) do a very detailed video tour of the property and pay them for their time.
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3 April 2024 | 0 replies
I am curious if the fees I am being presented are in line with market norms:lender app fee: $10,000Origination fee 1% ($20,000)Lender costs: shows a fixed amount at $10,000processing fee $895registration fee $10,000Title and escrow fees: $4,000 est.6.5% rate fixed at 10 yearsPrepayment Penalty: Yield Maintenance months 1-114 (1% minimum)Third Party ReportsApppraisal Required Engineering Required Environmental N/A Seismic Report N/A Market Study N/A Funded EscrowsReal Estate Taxes Required Prop/Liability Insurance Required Special Assessments N/A Ground Lease N/A Replacement Reserves N/A Required Repairs TBD Debt Service Reserve N/AWould love to hear your thoughts on this as well as what you think is appropriate fees for the freddie mac sbl program.
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5 April 2024 | 28 replies
I try to focus on the policy or behavior, not the party or ideology promoting it.
3 April 2024 | 4 replies
Also, there is unpaid property tax as well, will the property tax be written off or which party will be responsible for it?
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4 April 2024 | 42 replies
When you have a business contract, the contract is to memorialize the agreement but doesn't mean at every turn each party should try to beat the other over the head with it.
3 April 2024 | 6 replies
I recently ran into this question with my remote multi-family property so want to see whether people have any thoughts or what should be normal practice.I hired a local 3rd party property management company to help me monitor operations, manage payrolls, and handle issues for my remote multi-family property.
1 April 2024 | 1 reply
I’m looking at executing on a 15 unit deal and using third party PM.My question for those who have done the same, how does the third party execute the various requirements such as leasing & maintenance and how much do you pay for those services?
4 April 2024 | 8 replies
For certain AI businesses will "over-hype" their offering but there are very legitimate use cases that you'll just need to see third-party reviews to be able to ascertain if the products actually deliver what they say they do.
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4 April 2024 | 32 replies
Biker/tweaker house.....Had to sand the wood floors 3 times....and nothing took the stench out of the interior until I finally re-mudded all of the drywall.But the winner might be the house that was a lesbian party house.
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6 April 2024 | 45 replies
@Andrew O. we all get a 15 minute pity party once a week.Yours is NOW OVER:) It may help to look at how much the value of your portfolio has increased:)Solution time!