I am currently putting in offers on properties and am looking to have an attorney ready for the attorney review process.Also, for the BP lawyer folks, how do you typically handle fees when a deal falls through?

Hi guys,When one tenant is accusing other(s) of being noisy, what is your process to resolving the problem?  What documents or texts do you use as follow up?Thanks

At what point do we just hire an employee ( handy man) to handle all of this!

If you are limited at a 10% interest rate, he could pledge something as security to reduce your downside risk. 

If I buy a 2 unit home that is tested positive for lead and I live in one unit (with no kids) can I just de-lead the unit that I will be renting out to help reduce cost?  

A living trust can be a great tool to not only let you dictate the future of your hard earned real estate portfolio while you are still alive but can help reduce estate taxes, ensure a step-up in basis of your properties to eliminate or reduce capital gains and avoid reassessment of your properties when you die so there won’t be a large increase in property taxes.Long story short, please go see an estate planning attorney!

In B.C. you can evict if a reno is required, renoviction.Here are the after reno numbers in CND dollars:Aquisition costs:Purchase 460kClosing costs 9kDown payment 115k (25%)3.1% rate on a 30 year Am (no other loan cost)Monthly expenses:Management fee (use local handy man on hourly basis, handle rents and tennants on my own) $150/monthProperty tax $336/monthRepairs and maintaince $435/month Insurance $120/monthReserve $300/monthRent Roll:Rent 1k per unit, 6k/monthVacancy 5% ($300/month)Reno cost:Renos 30kARV:650k (conservative)ROI:Cash flow $2,885.00CoC 22.49% (including reno costs)ROI 27.07%Cap rate 11.37%Looking for input, thoughts or similar experiances. 

Yep, back in the day (2011 ish) when the bank’s were overwhelmed with shirt sale apps and couldn’t handle the volume.....a lot of deals slipped thru the cracks Way under value.

I think you could reduce risk finding one of those parcels in an established subdivision where a person purchased a second lot when they built their home and left it vacant.

But, lenders typically apply the escrow balance to the loan payoff and that reduces your loan payoff.