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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...
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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...
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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...
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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...
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Agree OR disagree…As market conditions change seller-financing will be more and more common.Annnd go 🏁….
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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 ...
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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...
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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...
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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...
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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...