Matt Taschner
Subject 2 with little equity
I recently came across a possible deal. I have a motivated seller who would like to move their property. The property as it sits is probably worth $220k. The Seller owes $198k. I estimate repairs would run 30k not...
Elisabeth Hernandez-Madrigal
Appraisal Came In Lower than Asking Price
Good afternoon everyone!Property: Original sell price $52,500, negotiated price down to $50,500.I am in escrow on the property (Purpose is Lake House Vacation Rental).My question is this, we just received the apprais...
Jake Baron
Help! First Inspection on Multifamily
I am closing on my first property and received some valuable information from the general home inspector. I am looking for feedback on whether any of these key issues are serious enough to get out of the contract. I h...
Erin Church
Georgia RE Attorney Recommendations - Earnest Money dispute
Hey Everyone,I posted a while back about a possible earnest money dispute. Well, as it turns out, it looks like I'm going to need an attorney. Does anyone have a recommendation of an attorney that is willing to help w...
Jerry N.
Cook county affordable tax credit
Hello, Any private owners on here have personal experience with renovation spend and then qualifying for IHDA tax credits? This is in Cook County, not the city, but it doesn't seem like there is an Illinois specific...
Tony S.
Fire at an 18-unit complex I'm set to purchase in 3 weeks, help!
There was a fire yesterday evening in one unit with injuries at an 18-unit property I’m under contract to purchase 3 weeks from now. How should I proceed?
My diligence period ends this Saturday, though Seller has al...
Nancy Dumon
Garage conversion w/out permit
I am looking to buy this duplex in WA and found out during due diligence that the garages of both units were converted into bedrooms in the 90s. This conversion was done without proper permitting and approvals from th...
Khouri Rice
Question about bank owned property that is currently rented
I just bought my first rental property a bank owned property (4 units) that is fully rented with two of the occupants having leases through April of 14. I close on the 20th of this month, the bank has owned this prope...
Tud Jones
TARP, P-PIP.
I got a letter in the mail about TARP, P-PIP, and how a firm here in Vegas could buy my loan from the mortgage company then use TARP money to subsidize a reduction in principle/negative equity of my mortgage. I calle...
Matt McGuire
3 bed/2 bath Triplex
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Copperas Cove.
Purchase price: $172,000
Cash invested: $50,000
This is a triplex with two 3/2 units and one 2/2 unit.
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