Tony Santos
Lead paint removal on bigger units
Hey Guys,
I am buying a bigger mixed unit building (15 apartments and 3 retail stores) the building needs a lot of work and evidence of lead paint is shown on the ceilings. Does anyone know the exact law for lead pai...
Kirk B
Lawn Time! How do you handle your lawns?
Most of the landlords I talk to around here provide a lawnmower and gas and have the tenants maintain the lawn. This is in 1-4 family units generally. 5 and up they either pay a specific tennat or hire a professional ...
Christopher Morin
Builder's risk insurance and Sub2
Hey everyone,So I'm only a week out from closing on my first Subject to: deal, and while I think I have my ducks in a row, I have some questions when it comes to insurance.I'm "taking over" 89,000 worth of loan from t...
David Krulac
I'm against buying flood zone properties, but that's just me...
Met with a CPA this week and he said that he thought the 180 degree opposite of what I think; which is to stay away from flood zone property, the rates are escalating and the flood maps are being redrawn and flood...
Pat Arneson
Private Lender Documents
I've read a few old posts regarding this topic and have those documents in order, but I still have the following questions regarding a private loan (from family) --
Loan Documents for Purchase -1. We have the promiss...
Mike S
Lead based paint disclosure/brochure, which ones?
I'm getting ready to list my first rental that was originally built in 1920. (As is everything around here) It has been rehabbed but I was given nothing about LBP as this was a foreclosure. Since it was built prior...
Daniel Soovajian
Question about including prepaid insurance in calculations
Hello,When plugging in #s into the "purchase closing cost" section of the BP rental calculator, you can click the "cost breakdown" link on it to plug in specific components (e.g. points, taxes, hazard insurance, etc.)...
Corey Key
Subject to.. Good, Bad or Indifferent thoughts??
I've been doing a lot of research on Subject to on this forum and others. I'm reading the pros and cons of doing a Sub to, but I feel this along with seller financing is the only ways to add to your portfolio without ...
Scott Bartlett
Transferring properties to LLC
We currently have three properties that we plan on transferring to our LLC.
The problem is, we just filed for our LLC here in Ohio with an effective date of 1-1-2015.
Does that mean I have to wait till the 1st to tr...
Layne T.
HELP - Bathtub Replace or Repair?
I've got a 3/2 rental about 20 years old, where each bathtub has a crack (see above) on the base of the tub. Questions for those who have gone through this:1 - Is this deep enough where I have to worry about potenti...