Michinori Kaneko
Buying property with a Lien on it
Hi, I am in contract to close on an apartment building, but while closing we found that there was a lien on the property. Basically it's a lien stating that the service company (lets just call them company A) gets exc...
Daniel Miller
question about rental contracts
I've been looking at a sample rental contract that I found on this website (though, oddly enough, I can't find that page right now...). There's one line I'm a little uncertain about... Section 14 (Occupants) says "t...
Travis D.
Cash Flow Expectations
Good Afternoon BP! I'm a wholesaler for the most part but preparing to build assets via Apartment building acquisitions. I know the apartment building/multi unit complex arena has gotten more competitive recently, b...
Nathan Clingan
How exactly does an inspection contingency work while wholesaling
I’m an upcoming real estate investor. I’m starting with wholesaling. How exactly does a inspection contingency work in Ohio? Am I the inspector or do I have to pay an inspector to look through the property before I ca...
Jon Q.
Lack of new housing nationally...
There is a lack of new housing nationally… and this will not be fixed by our government or anyone else anytime soon. FYI: the median cost of a house in the U.S. is currently $263,000http://www.politico.com/agenda/stor...
Luke Hadden
When do I ask for discount from the PM?
So far, the PM I'm using has been doing a good job. At what point should I ask my PM for a discount due to the number of my units they manage? Is it a unit count or an dollar amount they bill to me?
Thank you,
Luke
Charles E. Bruckman
Creating additional bedrooms
Hello All,I am curious about the process to turn a 3 bedroom house into a 4 bedroom house by converting an office or other room into a livable space. The goal here is to increase the number of bedrooms to be able to h...
Sean Wang
Umbrella Insurance Recommendation
Hi Everyone, I own10 properties right now and wanted to get an umbrella insurance. GEICO and Allstate said they can't offer umbrella insurance for me due to the number of units I have. Can someone recommend an insuran...
Peter Botz
LA RSO deal: Lease says 3 people, 7 live there - can I raise 40%?
Can I raise rents 40% for the 4 excess people, or will some judge somewhere say I bought the property as-is can't do that.
Dwight Jackson II
Running the numbers
I'm a total n00b. Im, currently looking at a 20 unit building. I want to reduce the number of units to about 12-15 (the building will also be my primary residence and I plan to be the property manager. I want to ha...