Philip Hernandez
Underwriting multifamily properties am I being too conservative?
Hi all, I'm in the middle of negotiations/underwriting for a 12 unit multifamily property in Ohio. Property is currently bringing in $8400 a month. We are looking at value add that would bring the property up to $10...
Kristen Jackson
Tax delinquent properties in Atlanta Georgia
Is there anyone familiar with FIFA/TRANSFERRED SOLD on a property tax bill in Georgia?
Jack Robertson
Tax Overages
Hey guys and gals I just watched an interesting webinar about these tax overages to make some cash flow I'm wondering what type of contracts it takes for this and where do you get these lists?Is it hard to do? is it w...
Jack H.
Reasonable Carpet Cleaning Fees
We have a friend who recently moved out of their rental in Virginia. Its a 4 br / 3 ba SFH and about 3,000 sq ft and no pets. The landlord kept their entire security deposit including $1,950 for carpet cleaning. That ...
Shane R Smith
Security deposit interest owed?!
Calling all Ohio landlords @ben, or someone that read legal jargon better!I have a tenant that's claiming the we owe interest on the security deposit. It's referenced in the Ohio code.5321.16 Procedures for security d...
Benjamin Cowles
What happens when collateral is in excess of the loan?
If you use hard money for just a portion of a purchase or say the rehab costs would they use the entire property as collateral ? Or in general is there a way of minimizing your collateral to only what would be necessa...
Gabe Larkin
Dealing with heir and benes
I just got off the phone with an heir who I contacted last week. Initially, I explained to him the situation (that his fathers property was facing tax foreclosure) and I was interested in buying his family's interest...
Jonathan DeLaune
Liability Insurance on Acreage
I just purchased my first Investment property in a developing area. It is 9.5 acres that has a carport and a well house on it. My current home owners insurance won't cover it under my home owners insurance due to havi...
John Perry
Bid On House Subject to 1st mortgage... Advice Needed (Ohio)
I bid on what turned out to be a a 2nd mortgage in Ohio. The house is worth around $300k. I paid 258K at auction. Looking through the court records I can see that the 2nd mortgage was awarded ~100k. There are around ~...
Mary K.
Ohio require interest on security deposits?
I need to return part of a security deposit on a tenant who lived in a rental in central Ohio for 3 years. The deposit was equal to one month's rent. Am I required to give him 3 years worth of interest on the security...