Stephen Lassiter
Negotiate informally before submitting LOI?
When negotiating key terms for a commercial multi-family purchase, is it customary to have informal communication back-and-forth before submitting a Letter of Intent? Or is it more normal to do all initial negot...
Michael Fitzpatrick
simple but stupid lease option assignment question
So after you assign your lease and assign your option to the tenant buyer or seller, you are out of liability for payments on the lease? The seller basically becomes a landlord per say. They have to be the ones to con...
Syed Husain
Buying property with a tenant
I bought a property which had a tenant for the past 20 days only. When I asked the seller to give me the security deposit, he/she refused saying that it was hers to keep. Intermediary broker vehemently defends this st...
Mary lou L.
I am thinking of purchasing a document box like realtors use
Hi! I am in preparation to rent out my property. I was thinking of putting in a yard post like the realtors use with the plastic box with information (rental criteria) and the phone number to call to get an applicatio...
David Worst
First time multi family purchase. What documents should I ask for
I'm interested in a 4-plex property that is listed on the MLS in my town. Before I contact the agent to schedule an appointment to view the units, what documents should I ask to see?
I was thinking that I should at l...
Ric King
Questions about accredited investors?
What are the legal repercussions if you lie about being a accredited investor? And what kind of trouble can the issuer get into? What kind of forms do you get from the issuer or is it just on good faith? I am not a a...
Matthew D.
Recourse? Need advice 28 days into Multifamily purchase
Hi Everyone,I'm looking for advice on how to handle an issue. I recently purchased my first 4 plex. Everything checked out through inspections and the sales process between seller and buyer (me) was perfectly fine. Th...
Jaclyn Peyton
How to convert Roth to self directed IRA
Hello,
I am a startup REI from Lake Saint Louis MO who is trying to get information on how to convert my Roth IRA into a self directed IRA. Does anyone have any recommendations on who I should talk to? Does anyone ha...
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Anyone had any success with Lease/Purchase in military city?
I live in Jacksonville, NC which is home to Camp Lejeune. The economy of the city relies heavily upon the military and their dependents. A great deal of military families here rent because they are going to be stati...
Jorge Garifuna
Any common strategies to convert m2m to long term tenants?
Hello everyone,I'm in the process of closing escrow on a fourplex and a triplex. All tenants are currently on a month-to-month. I already have 10 tenants on my existing investments and they all started with a one-year...