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Hello,My wife and I recently ventured into real estate investment and have acquired a 0.4-acre lot in Bakersfield, California, within an R2-zoned area, Oleander Sunset area. This zoning allows for single-family homes,...
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I was reading some forums and it got me thinking as I am creating my own lease. I've used several local PM companies leases to "learn" from. What have people added to leases after learning from the school of hard kn...
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When calculating an ERC (estimated repair costs) for a given subject property should the wholesaler provide an ERC for both Retail Flip AND rental? Or just one?
It seems to me giving them just retail flip ERC would ...
Hello All,
I am in the process of finding my first multi-family deal and and I believe FHA financing will be my best financing (owner-occupied max 4 units). I have been doing a lot of research on FHA financing and do...
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I am a US Air Force and Massachusetts Air National Guard veteran with 20-years of experience as a military Civil Engineer. In previous roles, I was responsible for the asset management, capital improvement, repair, an...
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I've been doing sub to deals for a while but I have never run into this problem quite like this before. The first mortgage lender (Ocwen) is asking for evidence of insurance and my agent supplied it but the borrowers ...
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There is an REO I have under contract and still within my inspection period. I went down to city hall and discovered the additions on the home are unpermitted and violate setback rules. I cannot obtain variances sin...
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Another transaction completed this week:
We arranged a two loans totaling $180,000 for the purchase loan of a single family property in Central Islip, New York and a refinance of another property all by one investor....
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Our insurance guy is telling us that we should have a requirement in our lease that the renter have renter’s insurance for $500k liability. He said most policies are at $300k, but it’s only an extra $10/yr to bump up...
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Hello,I am running into something right now that I didn't think I would have to deal with. Each of our leases indicate that the property owner must be listed as additional insured. Some insurance companies do not allo...