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Mistakes of Experienced Commercial
These are fatal errors. An investor who chronically makes these mistakes will not long be an investor.
The common mistakes made by experienced investors are a bit more subtle, but are perhaps even more damaging becau...
Beau Miller
Risk Seller Not Performing
Hello everyone, hoping for a bit of advise here. I've connected with a Seller who has a traditional 3/2 ranch style home that is structurally fine, but is in need of total interior renovation. Seller is willing to se...
Lin Perez
Should I sell or rent this inherited property
Looking for some advice after doing some homework on my end. My mom recently passed away and I’ve inherited her townhome in Central New Jersey. She bought the unit at the height of the market in 2006 for $245k. She ow...
Tosin Oluwatoye
First year inspection exercise
Hello BP folks.First year owning this rental property and we decided to be perform the inspection exercise ourselves. We used the template checklist from Brandon's "managing rental properties" book which we found ve...
Fahima Hilal
3-family in clifton
I have a 3-family under contract for months now, in Clifton, NJ and I am getting tired. The seller has some bulk sale issue with the state that is dragging it. Should I just let it go, sue the seller for non-performa...
Benjamin Molnar
Tax Breaking Point - High Property Tax vs. Value Appreciation
Hi,My wife and I currently own a two-family in NJ near New York City. Due to its proximity to the city, the property value continues to increase. The downstairs apartment generates enough rent to cover about half of...
Kyler J Sloan
Experience Hosting STR /w GYM?
There have been various posts about the potential returns vs risks associated with getting a gym in your STR, but I was wondering if anyone has first hand experience with this?
Yes, the liability risks are higher, b...
Joe Podwats
Fiduciary Property Management - spell check me
Good evening BP community!Besides the fiduciary responsibility of an agent or perhaps a financial advisor, is there a similar fiduciary responsibility of a property manager? If so, where might this be written? I fully...
Seth Jacowski
Title Insurance Voided After Transfer Into LLC
Hi Folks,New to the scene here. Just recently bought my first rental property (2 unit). I am in the process of transferring it into an LLC that I have created. My biggest concern was the "Due on Sale Clause" but I hav...
James C.
Master Lease Agreement - Loan Exit Strategy Advice.
All,I am considering doing some MLA's on under performing commercial properties, mostly multi-family buildings, >10 units.Is it possible to get a loan on a property for which I have a MLA, and have been operating s...