John Weiss
Indemnification Clause in PM Agreement
Looking to hire a PM was going over the agreement. Saw this and it kind of concerns me that basically im on the hook for any stupid thing they do. As a General Contractor when i manage a site im used to being the one ...
William Hall
Complicated Legal Issue For
I like some advice on a legal issue I've been dealing with for years. In '94, Dad met a real estate agent, loaned him 20K, they did a few deals that went OK, and then in '97, Dad borrowed another 20K out of our 4-uni...
Sam Leon
Super-priority city lien - CITY OF PALM BAY, FL vs WELLS FARGO
May be a RE attorney in FL can comment on this. I have a REO property currently under contract with Fannie Mae in the City of Hallandale, FL with a number of violations fined at $350 per day and after a number of ...
Beau Ordemann
USLI Umbrella Insurance reviews
Hey BP forum! Just looking to understand if USLI Umbrella Insurance has produced any good customer experiences for real estate investors. They seemed to be one of the few companies that will cover 5+ rental properti...
Julio Gonzalez
Deductible Repairs vs. Capital Expenditures
A capital expenditure is money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment. This would include architectural fees, new equipment, cost of protec...
Nicolas Pretelt
Squatter/ unlawful detainer/ eviction
Hi,
I have been dealing with a 'squatter' eviction, and I wanted to find out about everyone's opinion:
I already have everything set up with the title company: purchase & sale agreement, pay off letter, end buyer...
Scott Mac
How Does an Umbrella Insurance Work
So many in here seem to like Umbrella Insurance compared to an LLC.
I'm an LLC guy, but I have some questions about your experiences with Umbrella Insurance.
Both owners and Insurance Sales Experts are invited to co...
Nikhil Nirmel
Thoughts on buying equity in high-equity tax delinquent homes?
Looking for an evaluation of my proposed strategy.- Identify tax delinquent properties. Figure out which of them are owned free & clear or have low mortgage balances.- Make an offer to their owners like this. e.g....
Steve Hodgdon
Timeline from foreclosure to possession
Working through a foreclosure in Cincinnati OH. Awarded property in November. Borrower determined to stay in home. Mad at the world which now includes me. Wouldn't/couldn't take a 50% forbearance deal. 2 prior bankrup...
Joshua Burke
Possible Slip and Fall Claim
We've had a brutal winter in Chicago this year! Lots of snow and ice.
So a tenant in one of our building's rents an illegal basement apartment. We bought the building in Oct and inherited the tenant - I didn'...