I'm looking at a multi-family property and one of the closing conditions for the bank to approve the loan is an environmental form that they want the seller to fill out.The seller says that he would open himself to li...

My business partner and I are doing due diligence on an adaptive reuse project.The building is an old industrial / manufacturing building that has been vacant for years. With zoning changes in the works for residentia...

I own several SFRs and am looking at my first commercial deal.  It's a small (6,000 SF) space with an auto repair shop.  Tenant has been there for about a year, $200k asking price, $3k/mo rent.What questions should I ...

Hi, I have a small mixed-use property under contract and am talking with a bank for financing. I have some questions. Any help is much appreciated! 1. What would be a good interest rate for a small commercial prope...

Wondering about your thoughts on this one...

The property is a foreclosure. It hasn't been on the market long enough to have any price reductions.

* Listed at 75,000
* ARV 135,000-140,000
* 3bed/2bath brick - stripp...

Could phase 1 environmental study be a deal breaker? How so?

Can the seller terminate contract due to environmental defects in ILLINOIS?Following a mold inspection, we (buyers) found out that there is mold in the house. After we gave our Inspection Response, the seller;- first,...

Greetings all. Ive been lurking around for quite sometime and finally joined.
I myself am a young investor who recently got into residential and commercial real estate on the side a year ago. Not only am I an investo...

I spoke with two lenders discussing a potential apartment deal and got conflicting info.A small regional bank said they would need appraisal (obviously) and environmental study paid by me as a part of their underwriti...

what sorts of extra due diligence would you be doing on a 100 unit property vs. a 10 unit building or something smaller? i've seen and heard of phase ones....what is the phase one environmental report, and why is it ...