Adam F
Persistence and low balling, does pay off.
This a tale of a property I closed one year ago to the day, April 4, 2013. Arguably one of the most difficult properties I've ever acquired.
Property: 4600 sqft commercial building, clay tile construction w/ ...
Melissa M.
Los Angeles - Assigning LAND vs BUILDING VALUE for depreciation
Hi everyone! First of all, just want to say I'm really grateful for this community. I bought my first property this year - a SFH in front (where I owner-occupy for now but plan to rent out in 1-2 years) and two ADUs i...
Heidi M.
Foreclosure - fireplace issue
Looking at purchasing a foreclosure. When I toured the house I found a hole in the drywall and a pipe with a giant hole in it. I assume it’s the flue. The house smells like smoke and the vents in the ceiling are ar...
Efraim L.
Investing in Secaucus
Hi all,
A colleague of mine, who lives in Secaucus, has been pointing me to some properties in Secaucus which she thinks are good investments. She is not a RE broker but owns some real estate. I am looking for a real...
Ivan Shao
Oil Tank Remove or Not Remove
Hello, BP community!! I am about to close a property; however, my attorney found there is a oil tank under the property, which had been filled sand back to 2006. My attorney suggest us to demand seller to complete ...
Michael Lee
What if there's an oil tank discovered after signed contract?
Hey all,If I waive inspection to stay competitive and gets the property under contract, but later finds out there’s an oil tank and/or contamination, would I be able to get out of the contract? If so, under what groun...
Molly Edwards
Mid-Term Rental 30-90 Day Terms
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $265,000
Cash invested: $60,000
Currently in the process of remodeling this home. I will either list it once it is ...
David Smith
How buyer write an oil tank contigency?
The property has underground oil tank, till now, working and providing heat. Will do soil test. But winter is coming. I plan to remove it and replace it with gas heating in next spring. How to protect myself as buy...
Sudhir N.
Holding back security deposit and cost of roof repair
A tenant of my property in Philadelphia recently vacated the unit after a two year stay. He had exclusive access to the rooftop of the building and in fact the rooftop could be accessed only from the unit. The post ex...
Lindsay Wilcox
Adding a Unit...or Two?
House was originally a SF, but was remodelled into a quad with three 1-bd apts on main floor and 2-bd in basement. Basement unit was decommissioned when egress window laws passed and is now a mostly unfinished basemen...