Shayla Fletcher
Flood zone help needed
Can someone explain the risks of purchasing a home in a flood zone? I am working on a condo deal (8 units) that cash flows two thousand dollars after all expenses are paid. I received the appraisal yesterday and it in...
Nikola Magdelinic
Foreclosure - Code Violations - Lis pendens
Good afternoon to all ! I am analyzing 1 property which is listed on Hubzu auction. I found out that there are multiple code violations on the property and the seller (DEUTSCHE BANK) received LIS PENDENS from city Chi...
Harsh Shah
Options for fire damanged rental property
One of my rental properties in Austin had a fire recently when tenants used fireplace. There is extensive damage to the house and I am working with my insurance company and have talked to couple of fire restoration co...
Scott Lyons
What would you do in this situation?
So we had a tenant who accidentally (no idea how this actually happens) left their bathroom sink, which had a little blockage, running over night and caused flooding onto their floor and into the unit below. We immedi...
Collin Parody
Sub2 Hybrid Deal Question
I am looking to purchase a duplex subject 2, keeping the low interest rate, while seller financing the rest of the equity. I am a mortgage professional by trade and the one worry I have is changing over the taxes and ...
Leighton Adams
malicious mischief by tenant, water damages multiple condo units
A tenant caused water damage to my mid-level condo. The water went down to the lower units and caused water damage there. My insurance is covering her damages to my unit under a malicious mischief claim. The damage wa...
Pandu Chimata
Arbitrage lease agreement template
Hello team, Greetings!If some one has short term arbitrage rental lease agreement template, can they share it, please? I am contemplating on the idea of renting to an investor.
Larry Sarner
Fees from private lenders
Hello all,I have been talking to two private lenders. One of them requires purchase of an insurance policy to protect themselves. The other has a fee to originate the loan. I have no problem with either of these co...
Wesley Weisberg
Seeking Advice, Mold, Former Tenant Suing
What have other land lords done when former tenant sues for mold?? Have a bad situation where former tenant unjustly is suing for mold. Insurance does not cover, nor does umbrella coverage. Insurance attorney recommen...
Marcin G.
interviewing....
I have started interviewing GCs for the property I plan to rehab. I have prepared a detailed scope of work and every time I meet with a new GC I explain what I need to get done and I give SOW to them. Then we discu...