William Coet
New York State Landlords Must Act!
31 March 2020 | 12 replies
It does not require grocery stores or restaurants to serve people for three months without reimbursement.
Stuart M.
Expense Real Estate Taxes on Sched A before in-service?
1 April 2020 | 21 replies
Would these additional items, if they exist, go on sched A, c, or E?
Jonathan Lane
Newbie Mentor guidance
31 March 2020 | 11 replies
Thanks, I have dove into some of those item.
Jasson Farrier
Inducement? Prepay prospect moving expenses?
28 March 2020 | 0 replies
Many private, distressed sellers need funds to actually move their items before I can take possession at closing.
Mike Imbriglio
Analyzing a Deal in Tucson, AZ- Advice from Local Investors
29 March 2020 | 8 replies
He's told you what he wants to get out of it (although he may take less) and the home inspection report should give you a good idea of the condition of the property (although it also depends on the quality of the home inspector).If they already had one home inspection, the tenants likely know the property is for sale and you might be able to secure a brief appointment to view and inspect some of the items on the inspection report with a contractor or handyman to get more accurate bids.The big issues you'll want to look for is plumbing, electrical, HVAC and the roof as those are mostly the big ticket items.
Matthew Vernam
Property Manager question
30 March 2020 | 5 replies
A good property manager would be tracking all of this and guiding you on any price adjustments that might be needed.If your PM is failing you on each of these items, I would call them out on it and start looking for someone else if they don't respond accordingly.Good luck!
Mark S.
CARES Act: Property Owners & Paycheck Protection Program
4 April 2020 | 9 replies
My understanding is that the proceeds can be used for several items including mortgage.
Nathan Gesner
How are you coping during this time?
1 April 2020 | 33 replies
I can tell you, as someone close to the epicenter- it is a complete farce to shut down a coffee shop but leave open a grocery store.
Russ M.
Eviction vs. non-renewal of month to month lease
28 March 2020 | 2 replies
Evers' Emergency Order No. 15 bans all evictions and foreclosures until May 26, 2020; however, Item 5 of the EO explicitly states that this order does not affect Wis.
Daniel Lozowy
Estimating expenses, advice needed
30 March 2020 | 15 replies
Look for deferred maintenance items and large cap ex items that are coming due that won't be reflected in the sellers proforma, and do not rely on their numbers to do your underwriting.