One, we needed to perform a Phase II environmental. 

Example, when we buy land and pay for environmental test, whats happens if the land is not able to be developed?

I'm looking at a property that's quite close (almost across the street) to a local mushroom plant that produces significant smells. 
The property is on the edge of a very good area and is a double lot teardown with t...

Prepay coincides with the fixed term.Estimated Bank Fee's: • 1% origination fee• $500 doc fee (est)• Title Work TBD• Appraisal $2000-$3000• Environmental $0-$2000 (depending on search)Broker Engagement Agreement: • $5000**Are these typical fees?

I challenged the appraisal - they are using a strict sq footage model for value and since the upstairs is a sloped style they are counting almost 0 of the entire upstairs floor.

Also make sure you get an environmental report, even a desktop one can save you hundreds of thousands of dollars down the road. 

Upon their deaths (which happened simultaneously; 'The Notebook' style), their lovely building was worth $10M and you inherited the property and sold for market value (you greedy SOB) with zero capital gains due because your basis in the property was 'stepped up' to $10M (I don't know the specifics of estate taxes but I think they kick in over $11.58M). 

Yea this propert is hard to comp because there just isn’t many properties of similar style and unit size sold or for sale in the area.

Our next meeting is Nov. 21 in person at Smoken in Style or via Zoom.

If you’re interested in obtaining a property “subject to” then your target market is exactly opposite, you want mortgage debt in order to take over ownership “subject to” the existing debt ( just the opposite of trying to find properties the owner will finance; with these debt free is better).The typical seller, in the type of sellers market we are in now (multiple offers, cash buyers, auction style bidding) who will do a subject to deal is one that financed his property with a minimum down payment (like 0-5%), hasn’t put any improvements into the property, isn’t in an area of fast appreciation, and needs to sell.