Jia Lin
Mechanic's Lien Risk from Subcontractors - Cook County, IL
Hi All, I'm flipping a condo in Cook County (Illinois) and recently discovered that the GC I've hired and paid more than 80% balance of labor has not paid the subcontractors. I have receipts and bank statements to sub...
Account Closed
Mello Roos (Problem)
:oops: I just ran into a probable sticky situation where the home that i have in escrow for my buyer has a Mello Roos of $2916 a year. The preliminary report now shows that there is a Mello Roos and this could cause ...
Lance Mundo
Non-refundable earnest money deposit
Working with a HML requiring a non-refundable earnest money deposit…
What due diligence do you perform before sending that deposit to minimize risk?
For me so far: my own research for rents, comps and rehab budget
...
Leo Di Croce
How to Analyze a Multi-Family Deal with Expansion Upside
The upside here is potential expaision. The site has preliminary approval to build 10 additional 2-bedroom units. Based on rough numbers, the ROI is very good — for the expansion.Unfortunately the ROI is very low for ...
Richard W.
Offering at Owners Loan Payoff Amount
Im looking to purchase a SFH as a rental and told the listing agent I would offer 51k for a house that was listed for 60k. Early in our conversation I asked what the sellers loan payoff amount was and got a vague ans...
Taylor Knott
Found a deal outside my area
Good evening and Happy Friday! I live way up in Northern Ca. I have recently been on the hunt for MF properties. There are limited ones up here and preliminary research shows me rent would not even cover P and I. So I...
Greg Palmer
Contractors- how do you vet your custom home clients?
Hello,Just looking for some ideas on how to go about vetting potential custom home clients without running them off but also not putting in a lot of time and then have them delay, stop or find someone else. Thanks
Jonathan Orr
Commercial construction estimating help
Have potential product that includes a product type I have not done before. Looking for a preliminary base to get started with estimating construction costs. Looking for construction costs for pro firms underwriting. ...
Wences Lopez
Bought Land at Auction.
Hello everyone, so I bought seized property at a police auction & I received the grant deed & a preliminary change of ownership over the mail & I’m not sure how to fill it out. Has any one else gone throug...
Leslie Nazario
what is a good way discovering liens in my area
I am considering bidding on a foreclosure property. How can I make sure it doesn't have any liens, without it costing me a fortune? This property is on broward county florida