7 April 2024 | 7 replies
Court of Appeals for the District of Columbia on Friday overturned a lower-court ruling from 2023 that had quashed the Justice Department’s request for information from N.A.R. about broker commissions and how real estate listings are marketed.https://www.nytimes.com/2024/04/05/realestate/doj-realtors-n...Given that the lawsuit no longer requires members to be members of nar or the local mls’s I’m not sure the doj can really move the needle anymore than the settlement in the sitzer case by farther going after nar, to the extent they want farther changes, it’s probably wrangling state licensing boards.
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4 April 2024 | 10 replies
The existing carpeting is in horrible shape and desperately needs to be replaced - I'm ready to and WANT to install the LVP flooring, but how to do that while the existing tenants are there?
6 April 2024 | 5 replies
This is typically seen in larger transactions with bigger check sizes but is also complicated to originate because an intercreditor agreement will be required by your lender.
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4 April 2024 | 18 replies
My thought is why charge so much money to people who are clearly desperate to make some money in real estate investing and sell them on their own desperation to make money?
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6 April 2024 | 2 replies
I was not aware that a manual pull station is required, but I've confirmed with the fire department that in mixed-use buildings, a pull station is required that is hardwired to sound an alarm in the rental unit(s).
6 April 2024 | 3 replies
That wouldn't require a license, BUT if you do poorly with managing the property you could lose money!
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6 April 2024 | 15 replies
If so, most states require you honor those terms until it ends.
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6 April 2024 | 5 replies
Most multifamily in our market sold for a 5.4% cap rate in 2023, and that would price it closer to $560,000.Other things to consider for your offer: FHA financing requires you to move in within 60 days of closing.
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6 April 2024 | 3 replies
"If the tenant requires early termination of the lease, rent and deposit are nonrefundable"c.
3 April 2024 | 8 replies
and is there a way to avoid the withholding requirement?