Kimberly Whitaker
Under contract, but survey has some strange carve outs?
Has anyone seen a property survey where an adjacent property cuts into your prospective property? We are looking at a 24 unit class C apartment community, but the main entrance driveway, the main front grassy area wit...
Kristine Ann
"Detective Work" on a Foreclosed Property (Calling the Utility Companies)
I'm new to foreclosure auctions. There's a property in the neighborhood I grew up in that I'm going to bid on.
Read through the court documents online and it doesn't appear that the owner on title attended any hear...
Bethany A Harvey
Resources on Structuring Partnerships
Looking for resources on how to structure a partnership? I am going in with a partner on a multifamily property. What agreements need to be written and should we form the LLC before or after finding the deal?
Matt B.
Underwriting Taxes When Buying New Multifamily Development
I am curious how others are going about this from an acquisition standpoint.
I realize most buyers are buying existing, usually value add properties. And estimating taxes on existing, older assets is pretty st...
Lance Cummins
How to structure a deal with a 10% partner?
Hi BP,I am looking at doing my first commercial deal and my brother-in-law wants in on the deal. The cash that he is bringing to the table will buy him 10% of the deal - my question is how should this partnership be s...
Kati Stratos
Does offer letter require buyer's signature?
Hi everyone! I've searched online for the answer to this question and can't seem to find it. I have purchased multiple properties in PA using an agent, and in my experience the agent always has me review and sign the ...
Scott Trench
Can I 1031 $600K from a rental property into a Syndication?
Hi Folks, I have a question from a listener who emailed me and I was not able to answer the question, having not come across the situation myself. Here's the question: If I sell one of my rental properties- let’s say ...
Rhona Didi
Wiring money to title company vs handing a bank check
Hi,
I'm buying a property in NJ and paying all cash. My attorney's office says I need to wire the money to the title compancy. They have already sent me the wiring instructions. I feel way more comfortable getting a ...
Aviv Berkovitch
Do I need to get invoice for every new appliances from my PM?
Hi,
My PM told me that in one of my properties we need to replace the dishwasher, does it common to tell him to provide me the purchase invoice for the new dishwasher?
The reasons that I would like to get this invoi...
Julian Colvard
Rent by the room lease stipulations
When renting a home by the room, do you all have any stipulations in your lease that are specifically for a rent by the room situation?