John E Ceisel
Need Advice On A Blanket Loan Refinance
Hi BP!I have 3 condos in San Diego that I'd like to refinance and take equity out of (to pay down debt). I estimate their combined value based on the current market to be around $900k.The goal would be to extract max...
Nguyen Quach
what to approach/ do for fire damage property?
Recently, there's property got fired partial of the house. I talk to the owner right away, Owner said he don't even know do he has the right to sell the house right now or not because he is dealing with homeowner insu...
Amber Wills
Benefits of a 1033 Exchange
Does anyone have any experience with doing a 1033 Exchange? I have some land that is being sold and was reading a little about it and the post was saying you have to purchase something comparable to what is being sold...
Stephen Earley
Fire Damaged Multifamily
Hi BP community,
I am interested in purchasing a fire damaged row house in Jersey City, NJ. The building is a historic brownstone located in a very desirable neighborhood. This would be my first investment, t...
Brian Sanchez
title insurance for rehab costs from private lender?
Hey BP:
I am about ready to close in the next week on another property in Indiana. It is an all-cash purchase. However, I have a partner who is willing to cover the rehab costs of 40K. I have the promissory note w...
Michael Lauther
House is on fire
Just got a call , its 11.33 pm on the east coast and one of my properties is on fire. The tenant called me and she just returned home with her two young children and everyone is safe. The house is in Dayton Ohio and I...
James W.
Contact the Owner in Pre- Foreclosure or before Auction day?
Hi guys - can you analyse this scenario for me - thanks for your extremely helpful inputs!I see a house listed for Sheriff Auction. The market value of house is 500K.Owner's Equity is 200KJudgement Amount is 300K.1. ...
Tom J.
LLC's and Bank Accounts for Property Management Company
Hi All,Currently I am a Property Management Company with 20 units that I manage. At years end I will be forming an LLC and creating new contracts with the owners under the newly formed LLC.My plan is to just have 1 LL...
Kevin Lewis
Contract's Insurance Clause
Hello everyone,I have a Seller that wants her contract to exclude the Insurance clause per addendum.Clause:INSURANCE: As consideration for this purchase the Seller will assign all insurance policies on the property to...
Kathy Villagomez
Ohio Lease and rental insurance
Hi,I have a SFH in Castalia, Ohio that we want to rent. I was wondering what the standard expectation for rental insurance amount should be. Here's the language in the lease: Landlord, in its sole discretion and for ...