Jeff Schemmel
What questions I'm asking during due-diligence, and why it's OK to walk away.
27 April 2024 | 6 replies
Normally, I would expect to see all units prior to writing an offer and that is still what I recommend; however, my client chose to proceed without seeing the other units when prompted; presumably because the building was so new.First lesson: do your best to see all units before writing an offer.
Brandon Chen
Personal Loan for purchasing power in Midwest Market
27 April 2024 | 6 replies
My recommendation would be to use that loan to do a BRRRR in a Midwest market, instead of using it as a down payment.
Dan Mahoney
How to buy a tax deed at the Fulton County Tax Sale, Atlanta, GA
29 April 2024 | 168 replies
You are responsible for recording these yourself with the Clerk of the Superior Court (I recommend making a copy first).
Mel Rosario
My California multiunit insurance will not be renewed, need help for new policy.
27 April 2024 | 3 replies
Any recommendations of a broker or company that will insure these properties?
Amber Stout
Today's CPI report & interest rates
25 April 2024 | 8 replies
@Amber StoutIf they do not reduce the money supply they may need to increase rates vs decrease them as we are heading in this quarter where last year MoM inflation was very low so by end of June/July inflation being closer to 4 could be a possibility….
Andrea Campo
Property under LLC or my name?
27 April 2024 | 3 replies
If you have plans to grow your investment business, I recommend getting it set up now.
Qwee Parker
Stuck between a rock and hard place....help?
28 April 2024 | 10 replies
At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.
Jim Windgassen
Electric Vehicle Charging - Draft Lease Statement
26 April 2024 | 11 replies
The following rules apply to charging EVs at the Property:Level 1 Charging – (Standard NEMA 5-15 or 5-20 120V, 60Hz Outlet)An existing NEMA 5-15 or 5-20 at the Property may be used by the Tenant for the charging of an EV if the following rules are followed:Only Electric Vehicle Supply Equipment (EVSE) which are approved by Underwriters Laboratories (UL) are allowed to be used for charging EV at the Property.The EVSE shall not be left exposed to the elements unless it is expressly rated for weather exposure.
Summer Dechanukul
I did a mistake by 100% trust the realtor and end up with a nightmare
30 April 2024 | 101 replies
I recommend you slap 2 Section 8 tenants in there, or drop your list price till it sells As-Is.