Kelvin Duen
Troubles with Con Edison and Oil to Gas conversion NYC Bronx
I may be tackling a smaller multifamily project in the Bronx soon. The property has cooking gas but its heat is from oil. Since it is always better to offset the cost of utilities to the tenants, and because the oil t...
Alan Thach
Creative Refinance situation questions
Hey everybody, I'm planning on doing a creative acquisition strategy and I'm looking for some answers to these questions before I talk to lenders so I can adjust anything. Questions:
1. Can you do a conventional Cas...
Lisa Montana
Do I need to give a reason for not renewing lease in Baltimore?
Hey everyone,I'm sending a notice of non-renewal of lease to some tenants in Baltimore City. Does anyone know whether Baltimore City requires me to state a reason why I'm not renewing the lease? The tenants are expect...
Account Closed
Mortgage rates jumped by more than 0.25 percent on Friday - wrong way Mortgage News
What was supposed to help the market, just went the wrong way. Yes, I understand why, but that doesn't help matters.
"The average 30-year fixed-rate mortgage rate jumped 27 points from 6.26 percent to 6.53 percent on...
Jim M.
Forgot to get HOA approval for paint colors
My wife and I purchased our house 12 years ago and got HOA approval for the deck, the landscaping, and the fence. We finished our basement 5 or 6 years ago and got permits and inspections and are paying taxes on it. W...
Adair Smith
Fannie Mae Restrictions on Mortgage?!?
Hello fellow investors. I recently stumbled across this GREAT deal that is owned by Fannie Mae; however they put language in the contract adendum that prohibits me from selling the property for more than $44,400 for ...
Gerry Rae
Recent floods in KC need specialist repair - seeking contractor
Sorry this is long. I am looking for a specialist contractor to repair a damp basement in one of our rentals in Raytown, Mo. Its a 50s construct and the partially finished basement is mortar/rock construction. It alwa...
Erica McCullers
Addendum to contract during inspection period
During my "AS IS" contract I found various things wrong with the property. Mainly the roof was the biggest concern quoted at $17k so I asked the seller to contribute. She agreed to pay money towards a new roof. So my ...
Javon Dixon
Postcards for direct mail
I haven't actually reached this point yet but I've been hearing that postcards generate better quality leads vs the quantity of leads that yellow letters bring. Because of that, I want to go that route once I start...
Ashish Maheshwary
Transfering title to LLC
Hello everyone,
I am a new investor and am trying to set up my business entity before I dive into the game. I have talked with 2 attorneys and both have given me the opposite advice. One said to create a LLC (singl...