Edward Salazar
I Just Found a NICE 8 PLEX, But No Comparables, WHAT TO DO???
13 January 2017 | 29 replies
@Edward SalazarValuation aside, my initial questions would be focused on why the property is vacant; what it will take to have it rent-ready; and with what are you dealing w/r to local economy and clientele.Normally, the property would be appraised using the valuation method {aka Income Approach} (as opposed to comparable sales) as it is a commercial property.If the property is completely vacant and not generating revenue an attempt to value using income will be dependent on too many assumptions (assumed market rents, estimated or old expense date, etc), so an appraiser may attempt to value the building using a cost-based approach (which also has drawbacks for properties in need of updates/maintenance).Comparable sales is a weaker approach and, as indicated by others, comparison to 2-4 unit buildings is essentially meaningless.
John Arendsen
VRBO's vs Air B&B's? Your thoughts and experiences?
21 January 2017 | 97 replies
I attempted to solicit a hospitality college student to act as our inn-keeper without success.
Fadel Shamm
LImited liability company vs owner name
27 February 2017 | 12 replies
The article you mention is funny because whoever wrote it doesn't even understand the fraud they are attempting to explain.
Ron Dayley
Rich Dad, Poor Dad seminar
1 October 2019 | 12 replies
I attempted to attend the $495 three day "training" this weekend.
Praveen Venkat
Glbert Rental Property HOA debt collection
15 January 2017 | 6 replies
I received a letter out of the blue today from an attorney's office attempting to collect debt for HOA dues totalling $2500.
Lois Ginter
Are Security Cameras a Good Deterrent
5 January 2017 | 1 reply
During the last year, I have had a few trespassing situations, a tenant threatened with a gun in front of the properties while walking his dog, an attempted break in, and then yesterday caught a squatter in an empty unit when I showed up to do a showing.
Dominique Nugent
Should I have a lawyer or attorney?
10 January 2017 | 18 replies
I also can tell many war stories about clients who attempted to handle transactions by themselves and ended up retaining an attorney to clean up the mess, usually at a much greater expense than the initial transaction would have cost.
Francesco Tartarone
Question regarding Tax, loans , and foreclsures
6 January 2017 | 5 replies
There have been some epic threads on BP over the years on this very topic so in an attempt to not recreate it let's just agree that it is a risk and the bank has every right to call it due.
Christopher Canning
When to bring in a GC for estimate
6 January 2017 | 1 reply
My question is; if I know the deal looks good before I even look at it, should I (1) bring in a GC on my first visit to a property to get a rough rehab estimate before I put in an offer, or (2) should I put in an offer using my guess of what the rehab might cost (based on my little to no experience), then once under contract, get it inspected then bring in a GC for a quote on my SOW and then attempt to renegotiate?
Benjamin Barredo
Wholesale Deal Structuring
11 October 2016 | 63 replies
I just don't see how it hurts anyone if I at least attempt to learn the game and get paid now while helping people who don't want to go the traditional route.