Jimmy NA
Inherited Tenants Part 2
Does anyone have a sample for an introducton letter to inherited tenants?
I don't want to miss important points, so if anyone has an example it would be appreciated.
Todd Staten
Strange tenant situation
We have a tenant that, first of all, has not paid rent for March. Supposedly is waiting to have a new card issued. Tenant tried to shoot himself yesterday, then yelled "Call 911 she tried to kill me". The tenant ne...
Tommy Feraco Jr
Multiple Offer Method
Hello everyone,
I am currently looking to invest in multi-families and was wondering if anyone has experience or insight on how to make multiple offers at one time in the current real estate market.
I have been doin...
Tom V.
Verbal offers to selling agents?
I'm wondering if it is proper etiquette to contact the listing agent for a property and just make a verbal offer to see if the seller would be interested in my price? I don't want to annoy my own agent by asking her t...
Richie Linnon
In contract on first property, tenant concerns.
I’m in contract on my first property, it’s a duplex in Torrington, CT. Long story short I’m acquiring the house with existing tenants. Seller wouldn’t sign with contingency of a vacant unit. The unit I want to occu...
Account Closed
not getting good comps
Hi All,
Any help would be appreciated. I get very detailed CMAs from my realtor, but not many good fixed up comps lately. I cannot get a appraisal for each SF I put an offer on, so other than...
Jonathan Barr
Having challenges raising capital during COVID for active deals?
Hi BP community,I wanted to share my experience working on funding my first larger syndication 71 unit apartment deal. I had about almost 3 times the amount needed in verbal commitments. When push came to shove mor...
Dan Taylor
Offer accepted on REO, Bank took an additional offer, lost out.
Hello everyone, Friday afternoon I was informed my full price offer was the winning offer on a REO. I was told Friday evening we would have a contract to sign on Tuesday (today) due to the MLK holiday and earnest mone...
Matt Bowers
What should I do with inherited tenants that had verbal leases with prior owner?
(We're in Seattle.)This is my first post on BP!I'm closing on a triplex on July 31st that currently has tenants. The tenants are all month-to-month but two units only have verbal leases. Repeat: NO written lease. We w...
Stephanie Martinson
Underwriting a value-add apartment syndication
Hello all,I think I found a deal! It's a 10 plex value-add apartment. I'm in the process of coming up with an offer price so I have a few things I am hoping that someone may know the answer to...1) I'm including the...