Michael Willis
Apple to Oranges - Office Building vs Mobile Home Park
1) Local Office Building (option 1)Hi All, so for the past few months I have been sharing my finds for a 1031 exchange in the NYC metro area. I have found a solid deal on a 16.5k sq. ft occupied office building for 2...
Matt Selland
Obtaining Title Ins after Tax Sale in SD
I purchased some farmland in SD at an IRS tax sale in January of 2021, the previous owners owed the IRS 1.8 million so the IRS siezed and sold 3 tracts of land in an attempt to collect their debt. The sale was hardly ...
Robert Steele
Scaring my hard money lender
I found a deal that I wanted to run by everyone here. A deal so scary my hard money lender needs to think twice about financing me. This wouldn't be the first time. Last time I scared the hell out of him with a mold p...
Page Huyette
Ready to make offer tomorrow--feedback please!
I'm ready to make an offer with a seller financing contingency on a fixer duplex tomorrow, and would greatly appreciate feedback on the terms I plan to put in the offer:
Asking price: $325k. College student rental n...
Jonathan Twombly
Rents are Collapsing in Some of America's Biggest Cities
The Real Deal reports that rents are collapsing in some of America's biggest cities. The article does not specifically say this, but this is no doubt related to the fact that development has been concentrated for ten...
Carolyn W.
Property Manager Vendors are expensive
I'm finding the vendors that the prooerty managers uses are expensive. I'm out of state. is it possible to manage the property from out of state?
I'm currently looking for bids for a new AC since their vendor charge...
Tim S.
How does a Quitclaim deed affect the note?
If the owner of record Quitclaims the deed to another party, does the note need to be modified as well to reflect the new deed holder? I would think the answer is yes. I'm looking at buying a note where this is the ...
Jeremy Seely
Staggered Rent Due Dates
I recently inherited some multifamily property and the longtime property manager has leases set up with many different due dates. About half are due on the 1st, some on the 15th, some in the 20s, etc. The main reasoni...
Nathan Gesner
Another interesting post from an existing tenant. Oy, vey!
Just received this email from a tenant: Hi, I am writing to let you know that a friend of mine has been staying with me. He was living with his Mother and she was growing tired so he came to live with me. He broke his...
Sharog Sayad
Condominium In Philippines
I am considering buying a condominium in Makati Philippines. Makati is currently booming (before Corona). I live in Europe, but I have people who can do Airbnb for me. Does anyone have experience? Thanks in advance,