Aaron Zike
Security deposit standards
Hello friends! New to this area and I’m trying to figure out what the standards and laws are for things claimable on security deposits. Specifically looking north toward Vienna/Arlington area if it makes a difference....
Drew Lamb
Selling My Inspection
I had a house that I terminated the contract on due to the inspection and now the new buyers want a copy of my report. I was wondering if I could be compensated for it since I do not want to hand it over for nothing?
Allen Lemay
Partnerships on multi family properties
I’m exploring an opportunity to purchase 4 multi-family properties in partnership with others. I’ve never done a purchase with partners and curious if it is standard practice to for the person who finds the deal to ge...
Shawn S.
Re up lease charges by Property Managers
Is it customary for a PM to charge half a months rent to renew a lease after the term is up? To me I would think it would make more sense to just have the tenant go month to month at that point but I wondered what...
Harry Maxtens
Who pays the appraisal in a Hard Money deal?
Doing a deal with a hard money lender they demand I pay the appraiser which is coming out to be approx $600, is that standard practice?
Christopher Grant
How to get a mortgage through an LLC
I have an LLC, and I am looking to get a mortgage loan for a rental property. I have been in touch with my realtor who has connected me to some mortgage lenders. Is it often the case that the smaller lenders (not big ...
Armani Emon
Difficult seller situation
I have a seller who is allowing me to get his property under contract, but doesn't want anyone walking through his house because he doesn't want to scare off his tenants. A lot of investors will not buy a property unl...
Jay Gill
120 day early termination with early termination fee
I was looking at a few properties. I found that some of tenants(the major food chains) had early termination clauses with about 3/4 yearly buyout fee. Is this a standard practice for some tenants? How risky is this ty...
Jennyfer Sakiewicz
Sale & Purchase Agmt binding to successor trustees?
Trustee who executed agmt died. Successor says they don't have to honor it (bc they're greedy and the market has increased dramatically). It has binding clause. It has been renewed and extended twice, to expire 12/31/...
Kevin K.
Lender's title insurance..
Quick question guys,Is it standard practice to have the buyer purchase lender's title insurance? I'm buying a HUD condo and the title company is telling me that I'm to pay for the lender's title insurance as well my o...