Nicholas MacFalls
Taking Over Portfolio: Transition Tips Requested
Situation:I currently have 20 units in my home state. I am moving back and taking over management of my properties in 3 months. I've owned rental properties and have slowly grown my portfolio over the last 20 years. ...
Jeremy Lahners
Haw many of you have a GC license?
I've been doing some reading and it appears North Carolina, my home state, has laws in place for requiring a GC license once an estimated rehab goes over $30k. A number of the rehabs we've looked at here in Charlotte ...
Johnny Kula
What are your "prerequisites" in finding the right investment property?
OK, this might be very broad, but I'm putting together my list of what I want to invest in so my broker can start looking. I'm looking at two options: "very local" multi-families in the Lowell, MA area and property i...
Ethan Cole
Police Escort to Evict Tenant
We are in the process of moving out a problem tenant. The tenant is harassing us heavily, and we are worried to go over for the final walkthrough without having a police escort for safety and frankly as a witness. Has...
Chad Linn
Commercial note refinancing
What are the options/possibilities of refinancing a $900k loan on a 20 unit after first year of ownership and operation? My goal would be to lock in a lower 25 or 30 year rate. The property is about $1k per month po...
Jennifer Taylor
Legal Structure Questions
Hi everyone, I'm looking for any legal references that can help me answer the following questions and provide guidance as to whether this approach is sound or needs adjustments: -What is the entity structure for manag...
Jameson Schwab
Reno area CPA/tax attorneys
Good morning BP Reno,Curious if anyone has leads on a CPA/tax attorney firm in the Reno area familiar with REI and the formations of LLC's. We currently house hack in our primary residence in California, and have a re...
Pat Pasquariello
Philadelphia city certification question
A house that i currently own has a violation on it by the city of Philadelphia. can i sell the house without a city certification to a cash buyer who is aware of the violations?
Jerone Hammond
What is title binder?
Can someone explain "title binder" when buying a house to rehab? How much does it save in closing? Thanks
Matt Heath
Apartment underwriting with rising interest rates
Hi All,I would like to hear from some investors about how you underwrite/forecast the exit on apartment deals within a rising interest rate environment. Specifically speaking about value add/micro reposition deals. Un...