My lender asked for seller to provide tax returns for the past 3 years of a 5 unit i have under contract, and seller said no. My lender said it’s fine but it limits the number of banks that would be willing to lend t...
Hello - I'd like to change ownership structure for a property (my first deal) from Joint Tenancy to Tenancy in Common. Same owners.Looks like I'll have to do the following. Is this correct? Grant Deed: Fill out, notar...
We are rehabbing a 25K 3 story building and looking to attract a restaurant go to into the first level. The city is a major help because they were the ones who came to me when I bought the building and they are offeri...
I’m currently working with an attorney that was referred to me to set up a trust. Though I will be set up as the trustee, the attorney is going to set himself up as the grantor. Is this common, or are there risks or c...
Agree OR disagree…As market conditions change seller-financing will be more and more common.Annnd go 🏁….
I have a 4 unit and one tenant continues to store items in the common hallways. Now the tenant has placed a table and chairs in the middle of the lawn. The lawn is small, so there's nowhere else to put it, and I have ...
First post so take it easy on me. I'd like to analyze past projects to see if it was a good decision to invest capital into a renovation project. Below are all of the factors that play into these projects and why I ha...
When thinking about what you'll be spending on maintenance each month, you start thinking about changing light bulbs, broken locks/door handles, painting, and can't forget, clogged drains.Drain clogs can happen WAY mo...
Key Points:
-Keep the utilities in your name and bill back to the long-term tenants.
-Hire out lawn care and snow removal... or DIY.
-Insurance costs will decrease when transitioning from homeow...
Hey.I'm looking to buy my first multi-family 16-30 unit deal and as I'm learning along the way a lot of new things, wanted to ask if it is a common thing to have an exclusive buyer-agent agreement for CRE deals, and a...