Cheryl Marks
Seller back out of contract
I Recently had a broker contact me to sell my property.I agreed, signed the contract. When reviewing the Hud closing statement, I have a $22,000. Brokers fee. I called the broker and asked why? They said you agreed on...
Jeb Brilliant
Thoughts on buying a duplex that's been converted to a 4 unit?
Hi All,I'm looking at a duplex that has been converted into a fourplex. What are your thoughts on buying something like this? Specifically is it a bad idea to purchase something that has been converted? Are there fore...
Marlon Messer
44 unit value add apartment complex with owner financing
Investment Info:
Large multi-family (5+ units) buy & hold investment in Orange.
Purchase price: $1,500,000
Cash invested: $400,000
44 unit apartment complex built in late 70's and early 80's with...
Jack B.
Greater Seattle area Real Estate market: is it going to cool down?
This is kind of a two part question. I own property in 98404, 98002 and 98038. I have under contract a house in 98042 which has seen a 14% increase in prices since this time last year according to Trulia.I am having s...
Dana Yobst
Property Manager Owes me Warranty Money - Recourse?
I have 13 supposed to be turn-key doors out of state and the property manager is doing a very poor job. they owe me maintenance warranty and move in warranty. the move in warranty is not in our agreement but I have ...
Account Closed
Multifamily to Condo conversion - Create value?
Hi all,I want to know if converting a multifamily complex (over 30+) units to condos would create value versus the midwest cap rate for multifamily. Condos aren't really too popular here assume you can convert them t...
Aaron Gaffney
Rubber meets the road!!
Thrilled beyond words! I wanted to flip houses since graduating from university in 2011, both to pay off my loans quickly and because I love to use my creativity to build better places. But I didn’t really understand ...
Allan B.
Two simultaneous first mortgages on a property, one is foreclosing, what happens?
Consider this scenario:1. Bob is purchasing a home, and starts applying for mortgages, and is shopping around. Home purchase price is $500k.2. Two banks, namely Bank A and Bank B, offer him a first mortgage, each in...
Patrice Baker
As-is farbar contract
Is this contract good for starting out? It's pretty long. Would you recommend using a shorter version?
Harry Wilson
What a property needs
So I have a friend that rents out to tennants, I believe that the property isn't up to standards and he could probably get in trouble if he was inspected. So what does a property need to be legally rentable? And does ...