Tyler Hallman
Cap Rate.. based on previous owners purchase
I am new to running commercial deals and when looking at cap rates and NOI the numbers don't quite make sense.
Example:
Asking price - $1.175m
Cap - 6.36%
NOI - $74,000
Its a 5 unit in Denver, Colorado. I can s...
Andy Pate
BP's Previous Landlord Reference Form Time Consuming?
I am reading The Book on Managing Rental Properties, and I have come across the part where it talks about getting references from previous landlords. The book leads you to a form that BP calls the Previous Landlord Re...
Jason Edwards
Previous Landlord Asking for Applicants Former Employer
I'm in the process of screening an applicant and their previous landlord didn't give positive feedback. The previous landlord is asking me for the applicants current employer information. The applicant has jumped from...
Adam Smith
Unable to contact previous landlords - Reject them?
I'm in the process of approving/rejecting an application for a rental. While I got a great recommendation from his current boss, where he's worked for over 15 years, I can't reach his current or previous landlords. ...
Neha Wadhwani
Trustee Sale - IRS lien on previous owner
I am considering a property being auctioned at a Trustee sale in Texas. Current owner is a bank. However, I noticed that the previous owner has a $20k IRS lien on him. The IRS lien clearly states its a claim on all hi...
Ryan NA
Please Help!!! Claim against previous property owner!
Please Help!!!We received a court paper that there is a claim against the previous owner as we bought with an LLC (partnership) located in New York City.The fall incident happened in 07/2016 and We bought the property...
Hae Sun Yi
How to Reject a Previously Approved Applicant
I was just about to send the lease agreement to the applicant that I approved with a move-in date of May 1, then the next day he wouldn't be able to move in on May 1 due to the current contract binding. I said I'd sti...
John J.
Unisured deed affadvit, cannot reach previous owner
I am selling my property to a buyer I marketed and found. We are using a title company to close. The previous deed where I bought the property was done without a title company. The warranty deed was signed and recorde...
Bobby Vernazza
Judicial Foreclosure with a previous Trustee Sale
Hello Fellow BPer's,I am looking at a property that is going to judicial auction in a few weeks or so and have been doing my homework on it, however I have stumbled upon something that I have never seen before. A few...
Ben Welch
Advice on collecting rent from previous owner
Hey BP! I’m looking for some advice on a recent buy and hold purchase in Memphis. On March 3rd, I closed on 8 units (4 duplexes next to each other) after a long negotiation process. Our first offer contained a special...