The tenant's attorney has asked that I propose a change which they will weigh against the cost of the additional rider for the 18months and $100M limits.   

Hello! I am new in this field and after doing research I believe I found a potential deal and now I am ready to start doing my presentation for the private lender, which is, in this case, my mother. Although that it i...

Part of an engagement letter with a real estate lawyer reads like this:“Attorney makes no guarantee whatsoever as to the investment outcome of the proposed venture, and Client is advised that Client may be sued for damages by investors under many theories of law should the investment fail, even if all securities compliance matters have been correctly implemented.”

After a back and forth he said if something was misrepresented then it was unintentional and he apologized and asked for an opportunity to make it right.His proposal to make it right is he will reduce the outstanding balance by 9K to bring it to 45K, and he will loan me the 6K difference between the 39k the bank will loan and the 45k outstanding.

This is a classic bureaucratic strategy played out over and over and over again across the country by legislators that refuse to live within budget constraints that the rest of us must live by. 

The contractor (an investor himself) proposed to cover the rehab side and split the profits on the sale of the house.

They're planning to build a walkable overpass over I-440, building new "Green" streets and stormwater infrastructure, a new street grid connecting more parts of the area together to allow more avenues of travel for pedestrians and vehicles, a proposal for a project called "The Midtown Ring," and much more.

Unfortunately the few bad tenants are the ones we generally hear about, not the multitude of good ones...like I myself was for my LL.So I'm sure there will be impacts, and I'm sure there will be bad actors, but legislation like this doesn't suddenly overnight create an implosion in an entire industry.

I originally told her she could temporarily move into one of the renovated units and then move back in when we are done renovating hers...but I am now having second thoughts on that proposal.

Historically plenty of tourism, STVR are the norm and aren't likely to be capped or deal with new legislation, obviously subject to the occasional hurricane.