Jason Stubblefield
4 Plex Rental Unit in Memphis
I've gotten my hands on a four unit small apartment building in Memphis. I would be an out of state owner. The numbers seem good and on paper it looks like a sound investment. The property address is 3071 Sharpe Av...
James Vu
Help!House caught on fire during escrow, can the seller back out.
Hello All,I was in contract to purchase a duplex in California. Unfortunately, two weeks before closing, one of the units had a small fire due to electrical issue that render that unit inhabitable. The seller's insura...
Christopher Figueroa
Investment Mortgage - Irvington, New Jersey (Essex)
Hi All,I'm under contract for a 3-family in Irvington, NJ. Went under contract in April 2018. Finished attorney review. Finished Inspection. Finished negotiations. Currently obtaining investment mortgage as pro...
Josh B.
Duplex built as two separate condos, potential upside?
Property in every shape and form is a duplex, but is labeled as an "on-site condo" with each side being labeled as it's own entity "condo". Meaning that each unit can be sold/bought individually from each other and ea...
Ben Panfalone
Landslide onto neighboring property
Hello,I received a call from the owner of a neighboring property. Recent heavy rains in the area caused a landslide. My property is uphill from the other owners property. He is currently asking for my help to have an ...
Jonathan Johnson
What's a Ballpark Estimate for insuring a 6-unit
Hello BP!Looking at buying a 6-unit apartment and I'm guestimating expenses. If I get what's standard for a commercial property insurance, how much can I expect a year for insurance?
Karac Davis
Liability and insurance on first rental
Townhouse in my name. Mortgage with the bank is 2.75 percent in my personal name. 28 years left. Deed is in my name. Bank won’t let me change the mortgage to an llc, said I have to pay it off and refinance with a comm...
John Weiss
Indemnification Clause in PM Agreement
Looking to hire a PM was going over the agreement. Saw this and it kind of concerns me that basically im on the hook for any stupid thing they do. As a General Contractor when i manage a site im used to being the one ...
Terry Royce
A few questions on Double Closing
- Do you have to include any special clauses in your contract when doing a double closing. Also, with the end buyer do you just use a standard purchase sales agreement.
-Do you have to pay capital gains on a double c...
Steve S.
How would you rate this deal?
1,300 sq located in Waco
3 bedroom
2.5 bath
Built in 1965
Previous owner rehabbed it so its move in ready
$120,000
Would rent for $1,100
Taxes 2.8%