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22 April 2024 | 4 replies
There was a recent post here on BP where the person lost all their money in several deals and would not call out the sponsor.
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20 April 2024 | 6 replies
Rent Roll13. property survey14. prelim title report (your broker can help with that)I DO NOT Ask or recommend my clients ask for tax returns, credit reports, bank statements - These fall into financial privacy protections and if my buyer walks from the deal, there is too much liability & risk with having that information if were to be leaked.If a third party management company has been managing it, you'll get basic information (income/expense, rent roll & leases, maintenance records, capex (maybe if they oversaw)).Owner operated properties will have less of this information as most mom/pop operators don't keep good records, in my experience.Don't worry about all this BEFORE the offer.
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22 April 2024 | 11 replies
It’s either that or to live with it.A side note: it might be that the owner is a slumlord, not because he/she is an evil person, but is simply a good intentioned person who doesn’t know what he’s doing.
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22 April 2024 | 1 reply
HiCan I as the administrator of the deceased estate use a PO Box for the administrator address and not my personal address?
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22 April 2024 | 39 replies
I do that personally...and my employer does it as well.
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19 April 2024 | 0 replies
I am aware that NJ has a personal occupancy provision in which the landlord gives at least 2 months written notice stating that the owner would like to occupy the downstairs unit once the tenants lease expires.
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22 April 2024 | 4 replies
I also own a personal vacation home in the Poconos.
23 April 2024 | 8 replies
So I bought this house for me as personal residence & did live there the 1st year.
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24 April 2024 | 42 replies
And we've done it with the stock market almost fully recovered back near ATH's, the housing market staying strong despite huge changes to interest rates, etc.Maybe it's all a mirage and one last hurrah to hold on before the big crash everyone has been anticipating finally does come, and I've been a bit of a doom and gloomer myself, but I think if you'd asked a year ago if it were possible to get back to 3% inflation in a year with the stock market within 5% of all-time highs and housing prices still within 5% of the peak every single person would have said it was impossible.
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22 April 2024 | 4 replies
You need to look at your personal risk/reward factor.