Derek Bell
Meter stack shortage
I have a 15k sf warehouse new build that just got finished. I have it 75% leased. I am missing out on 18k NOI per month because I cant get U&O’s. There is a major backorder of meter stacks going on Nationwide. My ...
Shannon K.
40 Year Abstract Title vs. Fee Title Insurance Policy??
A contract I'm reading over now is asking which one/or both of these items I will choose for title and survey options. I'd like to understand the difference between these two things:1. Purchaser will obtain a 40 year ...
Jay S.
Lowes Installation Package
Question BP family...I was in Lowes the other day & notice that with their home improvement items like kitchen counters & bathroom items (tubs, toilet, sinks etc...), flooring, along with some other things was...
Jackie F.
Lender Requiring 12 Months Escrow for Taxes & Insurance
My current lenders for a primary residence I am purchasing is requiring 12 months of escrow UP FRONT AT CLOSING for taxes and insurance PLUS the normal contribution going forward.I have a shortsale on credit report da...
Tod R.
Disputing an outstanding bill? You may impact your ability to refi!
I posted this WSJ article in the bulletins but thought I would share in the forum section as well.
http://online.wsj.com/article/SB10001424052748703471904576003832552956602.html?mod=igoogle_wsj_gadgv1&
I just re...
Bilal A.
Seller asking for break in price after option period
Hello BP members,
I am in need of some advice on a property that I'm in the process of buying. We are past the option period and the loan is already underwritten and approved by my bank. All addendums have been signe...
Vince Futia
Student Housing Upgrades
Hi;I'm in the Student Housing business. I'm looking for idea's to add upgrades which would and could increase the rent line. Also I would not discourage any ideas which might not increase the rent line, but would incr...
Allen Clark
How to get the seller to consider a low offer
In another thread @Steve Vaughan mentioned a few strategies on how to get an owner to consider a low offer. I have a house in Seattle, Washington that I would like to buy but when I ran the numbers they just do not wo...
Jon Klaus
Tenant left items of substantial value
I have a tenant whose lease just expired on 12/1. They moved about mid-December across the country. They have left a number of things that they say they will return to pick up, but the date is ambiguous and they are...
Quiana Chandrasekar
Having a general contractor during walk through
As I'm readying myself to purchase my first property this year, I'd like to know if it is common and highly recommended to have a general contractor to accompany me during a walk through of a property of interest to h...