California's SB 721, known as the Balcony Inspection Law, requires multifamily property owners to inspect exterior elevated elements (EEEs) like balconies and decks. This safety measure aims to prevent structural fail...

It'll be important to know how much taxes you're gonna be paying when you sell it.

I didn't know there was a different type of insurance that I needed.I had bought the home with a standard mortgage and standard insurance and then I decided later that I would flip it. 

You want to talk to friends and family on this, I don't know anyone who would see this on the Internet and be like, yeah, this sounds like exactly what I am looking to do with my money.

But I know it would make a good MTR, and managing it from next door would be easy peasy.  

Besides the financial liability, I would not want the mental trauma and anxiety of knowing a kid had died in my pool. 

How will the borrower know they brought a property you will fund?

Quick question on those who have done seller financing:- Buying a 0.3 acre downtown fort lauderdale multi family, negotiated an around 1M price w lot of development rights, double lot. seller got it way back early 90s for pennies- got good credit 800+, w2 job etc put 40% down and mortgage bank offered 6.62% 30yr fixed (CF negative as this would make current rent roll not too much compared to the PITI)- property is in ok condition, needs 20-30k repairs which seller OKd, and all 3 tenants are month to month, pay bit under market but also ok- seller would like to do seller financing, interest only at 5.75%, 30yr amortization at 7yr balloon (CF would be positive) - id be paying some principal as well, just to grow some equity- buying this deal for the future development of the area (las olas, kushner broward crossing) so not really worried even if we overpay for it now, but never done creative finance as i always relied on a strong W2 job to get good loans but obv im used to 3% 30yr rates from covid times not this 6+ environment..Goal is to hold the property 3-5yrs, and then actually develop it or sell half the land / refinance, pull out HELOC if it appreciates.Questions:1) What does he know that i dont? 

To be as fair as possible, I'll let everyone know who would have qualified that the unit has been filled and is no longer available.

Given that we are on BP and so many people know Brandon, I am very surprised that not many people are invested in ODC.