James Mudd
Investor/Real Estate Agent…and ethics ???
…so in talking to a real estate agent yesterday. She said that most real estate investors that she knew who were agents too, eventually deactivated their license so that they "don't have to adhere to a higher stan...
Mike Girard
Insurer is "not admitted to transact business in the Commonwealth
I am considering a Builder's Risk policy that my agent has secured through Tapco, a company in Long Island. The policy will be underwritten by Lloyd's of London. At the top of the quote it says this:"The insurer with ...
Jonathan Scialpi
How will Covid-19 affect the market?
I am an investor who focuses on multi-family residential properties in Grand Rapids, MI. I am considering to move forward with another investment in Detroit, Grand Rapids, or even North Carolina (open to suggestions w...
Sean Dezoysa
Having to walk away from a bad "subject to" deal
I've read that the worst case scenario in a "subject to" deal gone awry is the seller & tenant sue you. But I'm not sure what they'd be suing for and what the potential liability is.
Has anyone seen or experience...
James Letchford
Under Contract on Contanimated Property
In September 2017, I went under contract for a property in Southern New Jersey for $94,500. It needed $65K to give it an ARV of $200K. During my inspection period, we noticed signs of an oil spill around the tank outs...
Ki Lee
Refi and LLC for BRRRR?
When using BRRRR, if I acquire the property using LLC, I’d have trouble refinancing... I’d imagine that we’d have to get the property under personal name and then refinance. From acquiring the property to rehabbing ...
Thomas Watson
Deed in lieu
If I own a 1st position note on a house that is vacant and the borrower is on board to do a deed in lieu, do I have to still do a foreclosure to get rid of any junior liens? Does it ever make sense to do both a deed ...
Joy Hardin
As a new RE agent and new to the area should I join a team?
I am a new FL licensed real estate agent and am in the process of looking for a brokerage. I know that I need a company that offers excellent training, but what about joining a team? It seems that some brokerages push...
Lewis Acosta
When owning properties should rentals be placed in 1 LLC or more
When owning multiple rental properties should all properties be placed in a single LLC or multiple LLC’sUnder an anonymous holding company? What is the best way to avoid loss of properties when it comes to potential ...
Eric W.
Rate locking today or wait
Should I lock this? VA 30 year 2.875% with .125 pts. My lender is suggesting I float at least a few more days as he believes rates should go lower Or points go away. I could also get a credit with same or lower rate ...