Brian Garrett
Do wholesale deals have to be cash and have no contingencies?
I've noticed some wholesalers saying deals must be all cash and some even require no contingencies. Is this standard? You can't buy wholesale deals with financing? You can't have inspections?In the event that is true ...
Fred N.
Buyer Cancels 23H before closing. Case to keep partial Deposit?
Hi all,I need the professional to put on their legal hats here, as I have a situation where the buyer purchasing my condo cancelled 23 hours before the closing. Please note that I am the seller/owner and selling agent...
Sam R.
Converting coin laundry to card laundry
I have a small multifamily with a coin washer and coin operated dryer. I would like to convert them to card machines. Does such a conversion exist? Would it be brand specific?
Dave W.
Re-fi offer from our lender (Wachovia)
We currently have a pick-a-payment ARM. We're not behind in the payments, but are paying the minimum pymt, resulting in about $1k/mo being tacked onto our outstanding loan amount each month in deferred interest.
Our ...
Jon Q.
Have a good yellow letter you're willing to share?
I'm planning to send out mailers to solicit MF sellers in a few different markets. Do you have a yellow letter/mailer you're willing to share? If so, feel free to post it here or send me a private message.I'd be mos...
Rob Cee
Filing a judgement against a former tenant?
I have a former tenant that owes me about 6 weeks back rent and left the place a mess. I have never filed a judgement before. How much will this cost me? This property is in another state far away from where I l...
Joel Owens
Tax gain on sale question for commercial property.
Getting feedback on a situation.Transaction of 4 million and buyer is putting down a certain percentage. Seller is agreeing to carry back 5% second of 400k fixed with a 30 year amortization for 2 years.Sellers comment...
Account Closed
Elite Legacy Education - Rich Dad Education
Hello everyone!Does anybody have any experience with Rich Dad Education or Elite Legacy Education? Are they just another "guru" or do they provide real value? I've been to a couple of their events and will be attendin...
Edward Alicante
Question about Triple Net Valuation on rent increase
Hi BP!Does anyone know how absolute triple net property valuation work? I know there's probably a lot of variables like sqft comps, the tenant, cap rate, etc. but to keep it simple lets say you have a property that's ...
Andrew Erickson
Family Inherited Large Property in LA - How much is it worth?
My grandmother bought a minority share in a commercial property nearly 50 years ago. She passed on her shares to my mother and her siblings about 20 years ago. They together own 25% of a large commercial building in C...