Ganesh S.
Attorney taking us for a ride?
Hi folks,
We had a tenant who was back on his rent during the 2009-2011 economic downturn. We had them evicted, with a payment plan for rent owed. To cut a long story short, our attorney (to our surprise) pe...
Fabiola F.
Multifamily syndicators: how much ownership interest to LPs?
When it comes to the profit structure for a syndication consisting of a sponsor, general partner, and limited partners, typical splits are 30/70 SP/LP and then increasing the sponsor's split under a waterfall. However...
Chris Salerno
How I purchased my first Apartment Complex with NO money down P2
Happy Thursday BP!
I forgot in my last article to tell everyone that I did purchase my first Apartment complex with no money down. We will dig deeper into that in this article. First I hope everyone is having a produ...
Francis Maude
Is this 32 unit syndication offer in SC a 1 trick pony?
I've been offered to invest in a syndication in Summerville, SC. This is my first time so I want to be careful that the fundamentals have been appropriately considered, particularly with the COVID situation.In a nutsh...
Jonathan Bombaci
15M Freddie Loan Advice?
We’re working to take down a $20M, 132 unit asset in Northern MA (between Boston and Nashua). This is my biggest loan to date and this came from a new lender relationship. Is there anything here that looks questionabl...
Devin Woods
Property Management Responsibilities
I have a question for those who have extensive dealings with property management companies.
Would you expect, as an owner, or is it common for the 3rd party PM companies to perform inspections of your properties for...
Octavio Goncalves
Getting around Homepaths "first time homebuyer" requirement
Hello,I am interested in putting in an offer on a homepath property but have to wait 1 month as non-investors are given priority over investors. Anyone aware of any "loopholes" to get around this requirement?
Amy Raye Rogers
North Dakota Rent Help Program: Thoughts?
We just had a tenant apply for the North Dakota Rent Help Program. We were not notified by the tenant that they needed relief. We were just sent the application from the state. They have been late one time only once...
Amy Konopka
How can I get keys same day as final walk through?
Is it possible to do final Walk through and get keys the same day? The seller has tenants and her daughter living in the home. My agent says we need to do final walk through a few days before closing. He’s alluding ...
Matthew Turcotte
Self Storage Refinance
I have a portfolio of 6 self storage facilities that are currently financed with a local bank. The current arrangement of our mortgages is that every 5 years the interest rate will reset. We currently have a 20 year t...