Ed Ibañez
Refinance with a Mechanical Lien
Dear BP Community, I want to refinance my property but I currently have a mechanical lien from a contractor. I had a contractor that did not pull permits and did not do work according to the contract we had. I fired t...
Jeremy Z.
Mechanics of Raising the Rent
Hi,
My rental property is in New Jersey if that matters.
I have had a tenant in a rented condo for several years and haven't raised the rent throughout. Obviously I am now way below market and would like to start co...
Josh Holden
Mechanical portion of Apartment Complex
Hi all, I am a mechanical contractor breaking into multifamily. I have done some remodel but I am bidding my first new construction project of 294 units. I would like to know what subcontractors typically ask for upon...
Charles Enman
Gas/mechanical permit in Memphis
Contractor advises that she has to pull a permit for replacing gas (floor) furnace vent pipe with double-wall and another permit for installing gas water heater at $200 per permit. Wondering if anyone has any feed...
Victor Noriega
Power of Sale Mechanic's Lien
Anyone know how to remove a Power of Sale mechanic's lien? The seller has a property with this type of lien, however, no work was done on the property, it is vacant land. The Lien is a "power of sale" where they ent...
Michael Bachmann
Missouri mechanics liens on properties
Who in Missouri knows the laws for Mechanics liens being filed on a property? It is my understanding that all mechanics liens must be filed within 6 months of work being finished. I have a lien on a property I am tryi...
Tom Spaeth
Bonding around a mechanics lien
Anyone ever have to post a bond to cover a mechanics lien. Have a closing coming up and the contractor is trying to get more money than he is owed. He informed the title company he is planning to lien the house. Any i...
Aaron Steeves
151 Mechanic Street, Fitchburg, MA
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Fitchburg.
Purchase price: $55,000
Cash invested: $120,000
Sale price: $245,000
151 Mechanic Street was the second inv...
Aaron Osgood
Fired GC, mechanics lien threat
I hired a GC to run my SF flip and he turned out to be a disaster. Essentially bait and switched me on his estimate. I have paid everything according to the contract but he is threatening to put a mechanics lien on th...
Andrew Sol
California Mechanics Lien after Foreclosure
Under California foreclosure law, can a vendor place a mechanics lien on a home for work performed for the prior owner after the foreclosure sale and the recording (perfecting) of the deed? The new owner has not auth...