Mike Jones
Proof of funds required?
Is proof of funds required to simply submit offer? I've submitted two offers in the past and was never asked for it. I was told it would only be required if the offer is accepted and the bank/owner wanted to move for...
Gary Van Horn
Wholesaling in Illinois
IS WHOLESALING ILLEGAL IN ILLINOIS?The Real Estate License Act of 2000, 225 ILCS 454/1-1, et seq., and its accompanyingregulations, 68 Ill.Admin. Code pt. 1450, govern the business of real estate brokerage in Illinois...
Ty Burns
Contractor Change Order
My General Contractor that I am using on one of my rehabs has just sent me a change order for $5500 over our initial budget. In addition to that, he is telling me that I have to pay the tile guy, the electrician, and ...
McKellar Newsom
Would you buy a used split unit HVAC?
I just found out that I have a fan motor and compressor problem with my two 29 year old HVAC units. I purchased the property a few years back and am grateful the units have lasted as long as they have.
The fan mot...
Marc C.
Does this seem "bubbly" to you?
How ya feeling about the 2017 national multifamily market in view of the facts: Toppy stock market that people fear, stagnant personal incomes in many areas, 80% LTV's, rent growth rates slowing, new construction fina...
David Kimball
Nonrefundable Despoit Clause in Offer ?
I am about to make an offer on an AS-IS SKELETON 3-family using the seller's realtor's contract. I'm wondering if anyone has thoughts about this clause in the contract:
"If this Contract is legally and rightfully can...
Marcus Cox
What to do with 20,000 cash?
I've recently came into a few dollars and I have been interested in multi family small apartments. Any suggestions would help,Such as a broker that specializes in the multi family arena. I reside in Knoxville TN. By t...
Andre Bias
First time rental purchase
High my uncle is a real estate investor and he is looking to retire he wants to sale some of his properties and willing to sale them to me at a discounted price some are commercial and some residential the commercial ...
Waylon Smith
How accurate is the 2% Rule?
Hello everyone! I am reading "The Ultimate Beginners Guide" right now. Question for everyone. It gives a quick definition of the 2% rule (the rent should equal approx. 2% of the purchase price). I know this is not int...
Quiana Chandrasekar
Having a general contractor during walk through
As I'm readying myself to purchase my first property this year, I'd like to know if it is common and highly recommended to have a general contractor to accompany me during a walk through of a property of interest to h...