Ryan Gillis
Does this contract look okay (contingencies in particular)?
REAL ESTATE PURCHASE AGREEMENTThis Agreement shall become a binding contract between Buyer and Seller effective as of the Sellers Acceptance Date.General Information. The following capitalized terms and phrases have ...
JD DiGiacomandrea
Details of the First Deal?
Hello all! I have been a lurker for a few months now and now I want to start taking some action! My name is JD and I am excited to begin investing in Real Estate. I am a native Rochesterian and I want to start my buy ...
John Jacobus
Willingness to Share Operating Statements Prior to Contract
Looking for experiences and thoughts from multifamily owners and investors:Because property marketing packages can often times be misleading (i.e., understated expenses and vacancy; overstated rental revenue), it seem...
Julius Dixon
How do you verify income on a property (rent rolls, leases?)
Hey guys,I'm reading a REI book and it is talking about verifying the income on a property before making a purchase. This seems obvious but how this is done more specifically and what prevents a seller from inflating ...
Michael Rubino
New Jersey Success Story
Hi guys,I just wanted to take some time to tell you my success story. A little more than a year ago, I received a post card to a "house flipping" seminar hosted by Tarek and Christina from HGTV (which a marketing com...
Spencer Faulkner
New property management company
Hi everyone, I have recently started a property management company in Cincinnati Ohio. When we first started, I had acquired a 24 unit acquisition. We're doing everything; offering 24/7 on site maintenance, apartment...
Jim Biggs
Reserve Accounts
Who typically keeps the reserve account in a large multifamily transaction, buyer or seller?
Jeff Copeland
Anyone ever put a house under contract with a 12 month closing date?
I have a seller who I've been working with for months. He wants to sell me his house, but he doesn't want to close for a year. He's very realistic on the value, and is pricing it at about a 15% discount due to the lon...
Ryan Z.
Using hard money just to leverage offers
I know it's not traditional for the hard money lenders to lend just for purchase/refinance w/o rehab. However, if there are some lenders out there, does it seem like a decent idea to pay the fees just to put some 'ca...
Therese V.
How to include roof price in mortgage?
There is a multifamily I'm looking at that appears to need a new roof. I believe the roof will be around $15-$20k depending on if it is a tear-off or not. If I were to make an offer on it, how can I have that extra $2...