Mike Romano
Sellers have been unresponsive after contact was sign
Hello,So, we put this property under contract with a wholesaler, after a month, the contract expire today, and we can not close this deal, because the sellers have been unresponsive to the wholesaler. the wholesaler a...
Jordan J.
I'm a HUD O/O that needs to move...
Hey everyone, this is my first post.This is such an awesome community of knowledge here, I'm super thankful for it! I've searched the forum far and wide to try and find an answer, and while there's many threads about ...
H Patel
Ideas for reconversion
Hi All-I operate an older hotel property looking for ideas/industry to reconvert property into a long term NNN lease. Property located in big medical region. 6 major healthcare hospitals, countless medical auxiliary ...
Austin James
50 unit financing: Unsure of what is standard or what to seek out
Want to buy and hold and fix up. Lender gave me these terms. Should I try to get them to extend term to 24 months and drop the origination fee to 1%? I have no experience in commercial loans. Thanks in advance!
Collin Mitchell
Insurance on FLIPS
I working on my first flip and was curious to know what people tend to do for insurance with flips. We bought it in cash so there is no lender but what is recommended for insurance with flips? The project will take 6-...
Rhiannon Then
Closing before tenants out
We are closing 7 days before tenants are expected to move out with the 30 days notice the current owner gave. My husband is concerned about what happens once ownership becomes ours. Are the the tenants bound by the ag...
Michael Bettencourt
Primary exemption or 1031 exchange?
Quick question, wanted to confirm what I read in the IRS pub. 523. I lived in my home in San Diego from June 2010 to Oct 2013 and Moved to Ventura Ca. (180 miles north) on Active Duty Orders. From everything I've read...
Ryan Robinson
Encroachment on property line
We are looking at a property to flip and were notified of an encroachment...the front porch extends 5 feet further than it should. This is documented on the title as well. Other investors have passed on the property b...
Bilal A.
Extension of deadlines realted to 1031 exchange
Are there any provisions in the CARES act or any legislation related to the pandemic that extend 1031 exchange deadlines in 2020 for investors? Looking to identify anything that will allow extension of 45 day property...
Lisa L.
Cares ACT expired, and now
The 120-day moratorium on evictions in the federal CARES Act expired on Friday, July 24th. But I saw online that I still need to give 30-day notice (used to be 3-day notice before COVID). Does anyone know if the landl...