Scott Haskin
Condo'ing a Commercial Office Building
16 June 2022 | 3 replies
They will most likely want some form of the following docs:- Existing Building Plans that are drawn and stamped by a licensed architect- A full survey- Condo Docs that are written by an attorney- Some sort of notification that is sent to the tenants and neighbors informing them that you intend to do a condo conversionHope that helps!
Alex Chen
Right of Way Acquisition
15 March 2016 | 0 replies
do we need to do a survey to make sure the easement is at the right scope and place?
Mike German
Priority rehab items when purchasing an occupied rental?
23 February 2018 | 6 replies
HI BP,I’m a relatively new investor (have 2 units/ under contract on 6 units) and wanted to survey those seasoned landlords out there: When checking out a Buy/Hold property, what are your “deal breakers” that you avoid?
Gulliver R.
MHP Repairs and Cap Ex
28 March 2017 | 13 replies
Gas will likely require yearly leak surveys and maintenance of a gas pipe protection system.
Zachary Bradigan
MHP Due Diligence Cost
23 September 2017 | 3 replies
Surveys are going to cost a bit especially on 4 separate ones.
Kyle Robertson
I need to hear “I quit my job!” stories, please!
21 October 2020 | 107 replies
I actually did something for my job that sounds incredibly cool, I'm a field biologist, my specialty is endangered species surveys.
Chuck Kramer
Disrupting the Real Estate Sales? Will RE Agents be extinct?
12 April 2018 | 96 replies
But I cannot accept it from sources that have a vested interest in it any more than a research survey showing soda is good for your health that was sponsored by Pepsi or CocaCola.
David Madrid
Investing near Goldsboro, NC
19 August 2023 | 3 replies
I would suggest looking at crime rates and looking at closed listings to survey the area.
Paul Gage
Newbie with reservations! Comments welcome
11 February 2015 | 16 replies
If it doesn't smell good to you..then don't invest regardless of who says what.1) Understand the Industry and related Industries (Real Estate, Mortgages, Credit, etc.)2) Learn how to evaluate a property so that you are not relying on someone else (valuations, construction costs, market conditions, etc.)3) Learn how to "vet" the sponsor/developer (Borrower/Investor) with regard to overall character, credit management, experience, resources/team, attitude, etc.4) Have your attorney draw up the Mortgage, Note, Trust Documents and related documents that will be used to secure your interest in the property5) Secure Title Insurance with a Survey on each transaction (understand how to read a title report and specifically the B2 exemptions page(s))6) Secure Property Insurance on each transaction (replacement value if possible)7) Secure either a BPO and/or actual Appraisal on each transaction (as-is as well as Subject To values and an income approach on duplexes and up)8) Do not release money on a construction project until x percentage is completed (Draw Schedule) and never release the final payment until the project is fully completed - Use a 3rd party Inspector (familiar with the Construction Industry) to determine percentage of completion / line item itemized9) At the first sign of distress by the Sponsor or the Project, be ready to act and act swiftly10) Have FUN!
Luke Anderson
What are realistic closing costs?
11 January 2018 | 6 replies
I also don't see a survey charge on there.