Ben Clark
Determining ARV, Due Diligence, & Building a Team
I've done valuation analysis and due diligence on businesses before. The only real estate I've purchased to date has been for my primary residence.I am looking at an 8 unit multi family which is about 6500 sq feet...
Ray P.
A house I am looking to flip has a HOA?? Issues?
I am looking a potential flip ( looking for investor) in central Maryland. It is not a new development, the house was built in 1981. The listing mentioned a HOA, but didnt list a fee. I plan to upgrade a few of the ...
Imad M.
HML Fail! Sherman Bridge Lenders
I have a HUD property on contract which expires on 1 Dec. I had 45 days to close. Since this is my third property I chose not to go with a conventional loan. I assumed banks wouldn't want to talk to me anymore. Plus I...
Pete Harper
Seller reluctant to share financials
The seller for a 12 unit complex I’m looking at has been refusing to provide detailed financials. They sent a flier with high level figures but the numbers don’t look right. This is student housing and sell says the m...
Kevin Cenna
Landlord didn't return security deposit in time
Hi all,A friend of mine moved out of their apartment in the San Diego area and moved into another apartment across town. The landlord was given plenty of prior notice (over 30 days early). The unit was already in go...
Tabetha S.
Can I still legally request financial documents?
I just sold my condo in Illinois.I had issues with the HOA while I was living there because they were secretive about things.They did not submit any newsletters or emails to keep condo owners up-to-date on what was go...
Dana Holland
Showing a house for sale with tenants occupying
My house is currently on the market for sale. There are tenants in until the end of this month. In their lease contract it states that they will allow the house to be shown to prospective buyers/tenants with 24 hour...
Nick Horob
My largest financial estimate "miss" over my first 4 deals.
In the last 18 months, my partner and I have bought 4 properties (24 units) in Fargo, ND or Moorhead, MN ("twin" cities). In my initial financial models, I was using 10% of gross rents as an estimate of ongoing maint...
Michael Hooper
Survey came back different from plat
So I recently purchased a property, in the due diligence I pulled the plat from the register of deeds. The plat confirmed that the property was 160.66" by 50", for a little over 8000 sq ft for the lot. It is zone RS-8...
Marcia Maynard
LLC holds real estate and partner wants out.
We have a family partnership that owns two rental properties (a Single Family House and a Duplex). It started out as a simple partnership in 1995 (Dad & Mom, #1 Son & Wife, #2 Son & Wife). After the unexpe...