17 May 2015 | 6 replies
In doing so, it would allow me to gauge what to estimate in my offer.Tips and comments appreciated....PS...are there any clauses I can add to my contract to "CMA" such as making sure he pays his contractors so they do place a mechanics lien on property?
13 May 2017 | 6 replies
Seller agreement allows for 30-90days of time to place Suitable Tenant or withdraw. 4) Depending on the difference/gap between buyer/seller option - If Buyer forfeits you can place a new tenant (LO or standard rental), sell retail with double closing, buy the property yourself and handle it how you like afterward, or let the option expire with notice to seller that it won't be purchased. 5) Home Owner (seller) is responsible for property insurance, property tax, property repairs that effect structure, mechanical systems, safety, habitability, etc, that would be major and typical landlord repairs, but basic maintenance/upkeep is on the tenant to cover, usually up to $500 per occurrence.
17 October 2013 | 7 replies
You can't make a firm offer until the due diligence is completed, inventory lists checked, condition of equipment assessed, mechanical assessments...etc.
12 July 2024 | 34 replies
You a restaurant saying how dare a customer expect there food WITHOUT hair in it, a mechanic saying how dare the customer expect the auto to be fixed when it leaves, a pilot saying how dare the passengers expect you to "fly sober"....
27 July 2008 | 3 replies
I will be managing the properties and can handle all but major mechanical repairs.Thank you for your opinions and advice.Sorry should have posted under deal analysis!
4 June 2010 | 11 replies
If you need more info on the mechanics of a wholesale deal...
24 December 2019 | 6 replies
(Could use a roof in the near future but aside from that, the building and mechanicals are extremely solid.)Reply to this posting with specific questions. * I do not need an agent so please do not contact me if you are not a qualified buyer.
20 April 2017 | 16 replies
Without overly complicating the deal, your group may want to consider how the investment is directed and if someone wants or needs out, there is a mechanism available.As for how this would impact your personal credit, I would consider this a contingent liability and confirm with any lender they would not report on your personal credit report.
5 May 2022 | 28 replies
Does your partner have experience managing flips, do they understand local codes, can they pull permits, can they do drawing, can they inspect and certify the mechanicals, do they know bad plumbing when they see it, do they have a stable of sub-contractors they can pull from and who will make your partner their priority?
28 September 2017 | 5 replies
Roof and mechanicals 9 years old.