Suzanne A.
What's my liability for previous tenants' potential lead exposure
Hi everyone. I'm currently under contract for a house in Baltimore County. It was built in 1955. The current owner rented the house after she moved out but did NOT get it tested for lead and did NOT register the ho...
Mark M.
NYC - Violation Advice - Trusted Expeditor
I acquired a multi family a couple of years ago in Brooklyn, NYC. The property had undergone significant renovations c10 years ago following the issuance of three class B violations - mold, lack carbon monoxide detect...
Arjav Parikh
property with an environmental issue
I am evaluating a property that has environmental issues. Potential responsible parties ae identified and most remediation work is done with one open case to be remediated by 2019.The subject property is a neighborho...
Robert Shoffner
My Flip Buyer Using FHA to Finance the Purchase
So my flip was finished in 60 days total, from purchase closing to going under contract to my buyer. It was about $30k or so in rehab cost. The buyer is using an FHA loan. The first red flag was the banker said, 'a...
Krissi Miramontes
To build an ADU/JADU or invest in out of state?
Please help this newbie out! Im looking to build an ADU and JADU on our property in Northern CA. I'm trying to figure out if it is worth it or if I should start investing in another state. The cost to build both (ne...
Bob Willis
LLC whose only member is my SDIRA buying a property Subject-to - triggering UBIT
Hey All,I have reached to my accountant about this but thought I would ask here to see if anyone has done something similar.An LLC of which I am the manager, and my SDIRA is the only member, is in the process of acqu...
Giovanni Ceron
Primary home vs investment property
Hello,
I'm purchasing a property, my first property, which I intend to use as my primary residence. However, the property has a tenant with a one year lease expiring next July. So, the bank wants to finance this as a...
Jane S.
High closing costs! SFR to rent.
Estimated closing costs for a $450K SFR in good location, its in "ok" condition with 17 inspection faults. (There were 10 more but didnt ask seller to fix them, my handyman can do it.)And closing costs are around $180...
Andrew Hartley
Asbestos Siding Remediation
Looking to purchase my first rental property after analysis paralysis. I have found some reasonably priced duplex, however the MLS points out it has asbestos siding. Was wondering if anyone had been through the abat...
Griffin Fehrs
Tricky situation - To file suit over breach of contract?
Hey all,I am hoping to gather some opinions over an odd situation I am in over a potential deal.Recap:Firstly, this is a would-be fix and flip. The seller and I had initially agreed on a sale price and have a signed P...