Eric Hathway
Failed to Appraise- Please help
I have an 11-unit apartment building under contract and my portfolio lender just informed me the appraisal was not good enough to lend upon. She stopped the appraiser before he wrote the report to save costs, but fro...
Maria D'Aura
Tenants, Dogs, and Insurance company - what can I do?
I bought a property with tenants in place on month to month lease as lease had long expired. One tenant has 2 dogs I never saw when I toured the place and there is no pet addendum on the old leases that I was given. M...
Glen Fernandes
Minimum Parking Requirements in Downtown Chicago
Current State: 2-unit (2-BR 1 BA each) with unfinished basement (egress and height requirements in place) in West TownRehab Goal: 3-unit (3-BR 1 BA each) Issue: A local architect mentioned that while the property was ...
Carl Cisler
LIHTC (Section 42) Apartment complexes
I have interest in a 40 unit LIHTC apartment complexes. It was built in 1999 and is past the initial 15 year period. The agreement they have in place is Low Income- all 40 units must rent to tenants with income 60 pe...
Michelle L Moore
Earnest money and clauses in California
Hello all. Hopefully a quick and easy question- I have a friend selling his home in California (he actually resides out of state). His California-based Redfin agent told him that it's normal to allow a potential buyer...
Evan Hauler
Pay or Vacate Notice
Hello Everyone! My first tenant has her first full month starting in February, she has let me know that she won't pay until the 2nd, the lease has it is due the 1st with a grace period until the 5th. I said that that...
Kevin Zheng
how does section 8 determine rent price
Need some help from the savvy investors in the forum. I am looking to get into section 8. Obviously one of the most important steps is to identify a property and then figure out how much section 8 will pay for it (ass...
Atha Winston
My First Tax Lien Sale
I have been a member for awhile now and I have been reading and learning about all the different strategies for Real Estate. I decided to go to my first tax sale which was very interesting. First of all they don’t tru...
Andrew Jackson
Advice on 10 unit apartment complex
Hello all, I'm seeking advice on a 10 unit complex with 8 1 bedroom units and 2 studio apartments. The complex is:$300,000Down $60000Rent income assuming $400 per unit= $48000 per yearManagement at 10% rental income $...
Ofelia Flores
Help! Tenant will not sign lease!
ok so we purchased a duplex about 2 months ago and the tenant has paid on time no problem. But when we have asked her to sign a lease with us she refuses to sign not even a month to month lease. WhatLast owners had on...