Firyal Kassim
Restructure a deal post contract signing
BLUF: asking for talking points to take back to the Sellers and my buying agent to ‘renegotiate the deal’ to ultimately still purchase the property, but for less - what’s a reasonable ‘ask’?Background: 4 residential...
Roderick McCleary
Tenant terminated lease early: can I keep their Security Deposit?
Hi - new Landlord here dealing with this situation for the first time. My tenants bought a house and terminated our Lease 4mos premature. I have their Security Deposit still (equivalent to 1 month's rent) and they hav...
Okeoma M.
Max Offer on This Property?
SFH. >50 years old; Renovated in 2006. 4BR/2BA 1300 sq ft each. Area = B class (walking distance to a private university; tenants will most likely be college students)Rent: $1,200/monthExpenses: Taxes = $200/moIn...
Dawn Gorka
Insurance for owners.
Any advice on what companies to use for insurance as an owner of a property. The property is a condo and titled in our LLC. Seems the companies we have checked so far do not write policies if the property is owned i...
Darrell James
Anyone successfully complete a Short Sale with PNC Bank?
Has anyone successfully completed a short sale with PNC Bank? I'm looking at a deal where the sellers are facing foreclosure and need to get out of the property. They also have 2 years back taxes. Also, does anyone kn...
Michael Szypulinski
Share your contractors to show your appreciation (Chicago area).
Would be nice to have a post that has a good list of great contractors in the chicagoland area. Lets share contact info for great contractors in the area! They deserve the advertising for their hard work!
Sawyer Smith
What are acceptable investment metrics for new multi family?
We just closed on a deal recently with what seems to be strong cash on cash return, IRR, and Equity Multiples.
Now that we are going to be looking for more large Multi-family deals I was curious as to what other inve...
Chinmay J.
Short sales . How would you experienced flippes handle this?
I recently made an all cash offer (with the help of HML) no contingencies except Short Sale Contingency, and Well and Septic contingency for a house that was listed at $129,000. My offer was $90,000. I got a counter o...
Bart Nakielski
Investor Offers on Short Sales
Hello,
I'm based in Az and the investors I've been working with try to get short sales at 60-65ltv. Just curious what are the trends in CA, let me know.Thank you
Gerard Charles
How to deal with a deceased tenant?
Hello! Yesterday, I received an email from a deceased tenant's niece saying he passed away. He was an elderly man. His extension contracts ends on Jan. 31st 2017. His niece stated they will vacate the premises by ...