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21 February 2025 | 182 replies
The best part is, Wagner and Werner are brothers!!
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12 February 2025 | 20 replies
Quote from @Anne Christensen: Unless you have a ton of equity, I wouldn't bother with a legal structure that adds complexity and cost.The odds of you being sued are about the same as being struck by lightning twice.
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6 February 2025 | 18 replies
Speak with a real estate attorney about the legalities of wholesaling real estate in your specific area, the internet isn't the place to get legal advice.
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24 February 2025 | 0 replies
I’m looking at purchasing a quadplex in New York City, where all four units are rent-controlled, with two units vacant and two still occupied by rent-controlled tenants. Is there a way to remove rent control from thes...
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11 February 2025 | 4 replies
Loan Costs, Deposits, and Escrows: Origination fees, application fees, third party reports, legal, insurance review, title & escrow, rate caps (floating rate loans), due diligence deposit, rate lock deposit, standard escrows, etc.6.
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12 February 2025 | 19 replies
You owe your counter-party a standard of honesty and transparency - be sure they understand that you are an agent, but don't represent them, and are looking at their house as a for-profit investment.The pros and cons have been discussed endlessly on BP.
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23 February 2025 | 42 replies
Quote from @Cheryl Abram: What legal filed docs are LPs entitled to see to help validate a deal's failure?
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7 February 2025 | 7 replies
Not sure where this should go so I'm putting it here. I own a unit at a local condominium complex and am having issues with timely response from the HOA. In July of last year a roof leak developed and caused damage ...
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12 February 2025 | 29 replies
Other KPIs and considerations you should evaluate when talking to any lender who offered private placement of loans/notes are historic default rate, how quickly they can place your funds (do you get preference over their income funds, for example), average interest rate - borrower note rate and what is passed through to you, are loans serviced by a 3rd party servicer or in house.
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24 February 2025 | 5 replies
Hi George, for liability coverage during a flip, consider a Builder's Risk policy for property damage, and a General Liability policy for third-party injuries or property damage.