Jordan Decuir
Option Period Extension Request due 2 Seller's Contract Violation
I am on day 6 of a 7-day option period to purchase a sfr in the Houston area. Our contract explicitly states, " Seller...shall immediately cause existing utilities to be turned on and shall keep the utilities on durin...
J. Martin
Periodic inspections of units for maint/damage - How often?
How often are you performing inspections of your units to ensure nothing is damaged, no leaks, etc.. Any formal schedule? Or just here and there when you are already there? I don't have a formal inspection policy or p...
Mike Campbell
Du Diligence period check of list. Do have one.
When buying a multifamily with a du diligence period, what is your list of things you are looking for, verifying, double checking and other?Getting close to making an offer, the selling agent said owner wants to know ...
Mike Krieg
Eligibility for Financing when you're in a severence period?
So, I"m starting a new company...currently in a severence period with the old outfit. I also have a duplex under contract. Anyone knows what happens if my employer says, "uh yeah, he is outta here in two months.? I'm ...
John Lee
Tittle return EMD even after inspection period had passed?
I pulled out of a deal last month at the last minutes due to repair was way more than I expected. The inspection period had passed. Today I received the check from title company escrow. Is this normal or something fis...
Matt N.
Holding period when transfering from personal name to LLC
My partner and I purchased a property through tax deed sale in our personal names, March of 2018. We have been doing a quiet title for the past year and did not want to put in the LLC name until the court ruled in ou...
Andy K
How to safeguard property in redemption period after foreclosure?
Hello all,We purchased a non-performing note last year for a single family home in Detroit (Wayne County, MI). Our servicing company sent several letters to the borrower about doing a loan modification, but he never r...
Eric S.
Banks offer 20% down and 30 year amortization period
Just wanted to put a feeler out there to anyone in Central Ohio. What are some good investor friendly banks out there? I am looking to purchase more 2-4 units, but want to slowly get into 5 units or more commercial p...
Michael Henry
10 day inspection period; seller refuses to make repairs
Would like some advise here I’m under contract for a quadraplex, during the inspection period I had a property inspector find a few issues, damage to the ceiling from a prior leak , safety issue with the stability of ...
Jack Smith
Budgeting: What are you analyzing during this slower period?
As deals are falling through, loans are freezing, and skepticism is increasing, you likely have time to analyze your own budgetary numbers. What budget items are you analyzing?If you have to cut something from the bud...