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Results (10,000+)
Joel Owens Apartment insurance question
20 December 2011 | 6 replies
Okay did a wrap with a seller.Added as a additional beneficiary on the policy.Policy comes up in March.Insurance company was fine putting me as an additional insured but then the owner of the company calls the seller a few months after closing and said his employee never should have told her that.She doesn't have any written communication or a recorded call from the employee saying it was okay just the phone call before the closing happened.Now the owner of the insurance company says he wants to see the seller back on title before he will renew the policy.I mentioned I could add her as additional insured and she said the lender would be required to have her as primary.She is freaking out about the insurance issue and thinks the lender will call the loan.She wants a quit claim back to her and an agreement form her attorney that I manage it but still own it and I can buy her out at a later date.I told her I would not agree to this.We have completed substantial improvements to the property and have gotten out the bad element.What I have come up with I believe will shed light on her true intentions.I am thinking of creating a Joint Venture partnership or something similar where she is given 5% non-controlling interest in the property.This would add her back on title and then the insurance should not be an issue to renew.I am checking with an attorney on this now.Want to get thoughts on this issue.
Adam Craig Wanna be out of town investor but should I start local?
23 January 2012 | 10 replies
I had a set back with one of my properties in Chicago with bad tenants, but now it is under control with new tenants coming in on Feb 1st, 2012.
Andrew Fortune PPSF repair costs?
25 January 2012 | 8 replies
I found out early in the game that I was not saving money by doing all the work myself, but was merely controlling the cost.
Geoffrey Murphy "Rebuilding America" What would you do?
27 January 2012 | 15 replies
-Make welfare workfare-Reform our prison system so going to prison is actually a deterrent to criminals instead of a joke-I would expand the role of the Army Corps of Engineers to start rebuilding America's infrastructure.
Jason S. FHFA Bulk REO Rental Program Impact
30 January 2013 | 24 replies
My market has less than a 2 month supply of properties under $100k, so there isn't much possible "inventory" for them to control, and most of that is in areas I wouldn't touch.
Neetu Dsouza Advise on an offer on a rental property
26 January 2012 | 21 replies
I'd shy from Alabama because of their court system there.
Alfred Bell How to pass over ownership/control of my S Corp
26 January 2012 | 2 replies
She will then be able with the death certificate and a copy of the will do as she pleases. make your life easier and list it in the will. talk with a lawyer about the documents needed to have control transfer directly to her seamlessly.
Cheryl C. Charge tenant for repair?
26 January 2012 | 16 replies
Unlike a failed motor or control, a door doesn't just fail.
DG H. Staging to sell
30 January 2012 | 9 replies
For rear-facing windows, we don't generally do anything at all.To me, windows are a way to control what the buyer sees outside the house.
Mike Cartmell Option Exercised but low appraisal
13 January 2016 | 41 replies
OK..well, of course they can't get financed for more than the appraised value...and now the lenders order the appraisal from a pool kind of like VA has done for years, so the loan officer doesn't have any control on who does the appraisal...You want them to buy, and they want to buy, so you don't want to be blunt and tell them too bad so sad.I don't know the market in the area, assuming Colorado Springs, but I assume you have an idea of the value of the property.