Michael Cardenas
Insurance for Triplex owned by LLC in Bakersfield
I’m having a hard time getting coverage for my Triplex. It’s technically considered a Single Family Residence with an ADU and Junior ADU.The SFH is completely renovated and leased to a tenant. The ADU and Junior ADU a...
Richard Williams
Cracks in the foundation and basement walls
I am looking at a opportunity to buy with existing tenets, it's off market and I can get it at around 100k under market value. The two main issue with the property are large cracks in the brick basement walls and foun...
Galen Miller
Buying an LLC that owns real estate
I'm under contract to purchase an apartment building in Ohio. I have the option to purchase the real estate or to form an LLC, transfer the property into it and purchase the newly formed LLC that owns the real estate....
John Gerwatosky
Having a hard time lining up a loan for a commercial property
Hi,I have an off market property in Toledo, OH that I have been trying to acquire financing for. It is a 6 unit property for under $100k. It is a great deal and the owner is willing to wait for me till I line up finan...
Bob Floss II
Comments on Illinois Wholesale Activity
The topic of wholesale activity came up in a discussion among Illinois real estate attorneys. One attorney shared an email exchange he had with an attorney at IDFPR. I'm sharing here to help keep the community inform...
Kevin Murray
Refinance under an LLC?
Hi everyone. I'm a new investor learning about the BRRRR process primarily as well as out of state investing in general, as I'm am in CA and prices are off the chart here. My challenge is all of the cash that I have t...
Bienes Raices
Moldy, nasty kitchen cabinets
I've been a couple of times now to see an REO that's right near my own house. For the most part, it's in very good condition,but the kitchen cabinets are gross, covered with mold on the insides. The cabinets would hav...
Evan O'Brien
Due Diligence: Inspections
When you have a property under contract what types of inspections should you have done on your property during the due diligence process? That way you have an idea of what potential issues/repairs will need to be made...
Pete Harper
Building installation Report on 12unit
We have a 12 unit apartment complex under contract. During the building inspection we have found a lot of issues with the building. The original construction is 1965 so many issues fall under normal wear and tear. Ove...
Jeff Silka
Fix and flip funding
I have a house under contract, have a solid credit score, but I can’t seem to find any private or hard money loans to use for the house. The purchase price is under 70% of the ARV, the issue I’m having is that this is...