Kim McGinnis
Costs in Clackamas County to partition a flag lot
I have a client that has a property that can be further developed by partitioning a flag lot. The GC is dropping the ball. What are the costs associated with partitioning the lot?
John Wolf
LLC for family-owned, member-occupied property: Issue Flagging
My brother and I have decided to invest in an apartment. We think an LLC may be the best means to consummate our project. We will each contribute capital to the LLC for the down payment (likely, we will pay down 40% o...
Christina Luton
Is a major lack of DD a red flag?
We are under contract for a motel/rv park that is a value add site. Seller has not been able to provide any due diligence including contracts with long term rv tenants, proof of income in any way, proof of any expense...
Christina Luton
Is a major lack of DD a red flag?
We are under contract for a motel/rv park that is a value add site. Seller has not been able to provide any due diligence including contracts with long term rv tenants, proof of income in any way, proof of any expense...
Jason Malabute
LOOK FOR THIS MAJOR RED FLAG IN INVESTOR'S UNDERWRITING
One of the biggest red flags is if the investor thinks they can raise the rent of all the units in year 1 (especially if the property is a mid-size or large-size property). This is impossible. The property manager can...
Ken Virzi
Potential Red Flag and protecting the site from wolves
So I got a colleague request with the following message:"Hi Ken!I am a Cleveland investor living in Los Angeles who is trying to gauge interest with people about organizing a Socal/Cleveland investor meet up.I am reac...
Jorge Vazquez
Five Red Flags When Buying a Home “As Is”
Foundation Cracks
Cracks in the foundation are major red flags. They’re harbingers of potentially significant repair costs or worse. Freshly patched cracks can also be a cause for concern.
Foundation cracks can be s...
Sam Tright
Flag units vs shared walkway in a land condo
If I create a shared walkway space (eg common area) in a land condo, am I required to collect POA dues and maintain it for ease of access? Intuitively it feels like I would be, which would then move me towards doing f...
Jake Krum
Red flags to Look for when viewing a property.
Hi,I'm looking to buy my first rental property. This weekend I will be walking through a handful of properties for the first time in my life. What are some red flags I should keep an eye out for? Thanks in advance!
Urvashi Vasishtha
Five Red Flags When Buying a Home “As Is"
I came across many such "as-is" listings over the past week but couldn't find answers to the red flags. So, I did some research and put down afew important details. Let me know if there are other red flags as well. Yo...