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LA apartment issue from a tenant, please advise
This is an issue from a tenant perspective, and I desperately need advice on how to move forward in this situation. I've moved into my first LA apartment in July and I've gave them a list of items that needed to be fi...
Joshua Meyers
How concerning is this issue?(See Pics)
Found a pretty solid deal today and the seller seems motivated. The only problem I've found with the property is this crack/shift. There are no cracks in the walls and all the windows, doors, floors, etc. seem to all ...
Kent Renshaw
Besides filing a Memorandum of Agreement, how does a contract buyer protect contract seller from mortgaging the property. And if they do, who is first in line?
Scenario: Contract buyer and seller enter into a Contract for Deed. Buyer immediately files Memo of Agreement in the situs county. All goes well for two years and Seller applies for loan. Mortgage Lender realiz...
Tonya English
Launch Your Leads Scam
I’m considering hiring an attorney for a class action suit against the scammers from Launch Your Leads that take thousands of dollars and then you never hear from them. Their previous company Amplify My Business has t...
Corey Dutton
The 5 Most Common Questions About Hard Money Loans
For those who have never obtained a hard money loan, there are typically a lot of questions. Here are some of the most commons questions and answers about private and hard money loans:
1. What exactly IS a hard money...
Anja Wright
NY Holdover Tenants Won't leave. I'm an owner occupying landlord.
Bought my house in upstate New York this year. The tenants in the other unit were served an eviction notice just days before Covid hitting. The marshals were supposed to arrive but their office closed right after th...
Christian M.
Shady Lead Paint Inspectors
Hi guys,I am curious if anyone else has gotten this same vibe while getting a lead paint inspection. Here's the story: We recently purchased a rental property and since one of the units is a 3 bedroom we decided to ge...
Sean Dougherty
Qualifying for shortsale
I am in contract on a short sale. Long story short: 2 liens on property. Seller has qualified for short sale with senior lien holder and been approved. 2nd lien holder is more confusing. There are two names on propert...
Alex Tobias
What info do you ask for when first evaluating a deal?
What info do you ask from a selling broker. I'm mainly interested in the rent roll. Is there something else you ask for? A P&L would be great, but I'm not sure if that is generally considered appropriate to ask fo...
Tony Castronovo
What’s wrong with flat roofs?
Why do many investors steer away from flat roof properties? I had a lender suggest that flat roof = older property....meaning no better than a 20-year amortization. Is this a legitimate expectation?