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9 April 2020 | 8 replies
@Megan Brooks check your local law, but I don't think there is anything that prevents you from not renewing her lease, and I don't think you have to give a reason.
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10 April 2020 | 2 replies
@Derek MaddenThis isn’t legal advice and I’m not your lawyer, but you aren’t going to go to jail for being dodgy during the FHA process or switching your residence after getting an FHA loan.It will basically just prevent you from getting a 2nd FHA loan.
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11 April 2020 | 3 replies
I'm trying to get a sense of whether your seller wants to get this done as badly as you probably do.If so, then your offer of 20% down ($3M) certainly seems reasonable and shows good faith.The specific note instrument the sellers signed when they originally took on the $9M debt will specify whether there is a "due on sale" clause or other language that might prevent you from purchasing the portfolio subject to the existing debt.
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13 April 2020 | 22 replies
Cut out any unnecessary expenses.
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11 April 2020 | 1 reply
It was beat down and ugly with a ton of preventative maintenance that was neglected, especially with water drainage which of course is a terrible thing to do.
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13 April 2020 | 8 replies
Just like in 2008, it will delay the downturn in real estate, but it won't prevent it.
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13 April 2020 | 3 replies
To prevent this, the U.S. should decree a suspension of rent payments for 90 days, with government-funded reimbursement to smaller landlords.It’s not just residential tenants who need a break, “The great majority of small businesses will have trouble making their payments” as well.
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13 April 2020 | 5 replies
In a full renovation of a house, my view is that if it is good enough for you to decide to live in, it's good enough for me to get paid... in most cases)* In instances where the house will be for sale, the sale of the house shall constitute substantial completion (This prevents us from trying to get payment out of someone who no longer owns the house... never had this happen, but I'm paranoid about it)When we deal with subcontractors, and their work has to be inspected, I'm pretty strict that they do not get paid until they have passed their final inspection.
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24 August 2022 | 166 replies
If we had more time and attention at the matter, the policy would be more nuanced, and help prevent bad tenant actors.
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13 April 2020 | 12 replies
This sounds like a scam to me and can I prevent that by including a clause in the lease to not convert (or dismiss request to convert) a declared pet to ESA?