Conrad Martin
What to do when a tenant vacates in the middle of a deal?
If you had a property locked up that was cash flowing, and the renter leaves after the contract is signed, is that grounds to re-negotiate the offer? Especially if it was negotiated with the turnkey status as a featur...
Tony Gunter
Deferred Maintenance when underwriting Multi Family
How do you work the money you will have to invest to address any deferred maintenance into your underwriting of a prospective multi family property?
Is this done with adjusting the cap rate when evaluating the proper...
Account Closed
Bank Overthinking Quad Value?
I am representing a buyer-client who has a quad under contract. The bank is having trouble justifying the value of the property because of lack of 'established marketability' and good comps in its rural location.We se...
Mike Huang
Re-evaluating this Deal
Heyo BP,So I got a triplex under contract in early June; it's in a rather old neighborhood, with most of the houses in the area built around 1900 (very old houses, not much potential for appreciation in the area). The...
Elijah Ochoa
Roaches and Mice in multifamily potential purchase
Hi all,I'm looking for advice regarding a fourplex property I'm looking into buying. Financially, the purchase makes sense. That is to say it cash flows roughly $800 per month after expenses that I would be able to ap...
Frank J.
Renewal Options/Extensions
I am in negotiations with for a 5 year lease. There is an additional proposal by the tenant for two 5 year options. This is typical and something we have dealt with before. I just wanted to see how others handle the r...
Michelle Harbeson
Selling home to an investor regret help!
Just noticed I could add more so I want to list now on the market with an agent. I feel take. Advantage of by investor. Appraisaer only listed crappy comps didn’t bother to check if neighbors home sold way over asking...
Jerome Oddo
Multi-Family won't show until executed contract - Normal?
Hello,I'm a newbie. I've been looking at a few MF Properties. Most won't show until an executed contract. Is this normal? Is it a sign of underlying issues? Should I write something in the offer regarding the fin...
Anthony Zayas
My first legal duplex
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Philadelphia.
Purchase price: $150,000
Cash invested: $32,000
My first legal duplex near Temple University! This marks bot...
Juan Flores
1031exchange help and advice needed
Good evening, I am negotiating a purchase and a big part of my offer is to help the buyers with the process of a 1031 exchange. I'd like to know what are the typical fees involved in this process to see if I can make...