All Forum Posts by: Calvin Thomas

No deposit was issued as we had to run after the seller to deliver a signed and correct rent roll. When we received it, it was completely different that the one in the contract as well as on the MLS.

I just picked up a building where the shell is good, but the inside has to be rehabbed.  I already hired a archiet and have the plans.  I am looking to bid the work out to construction companies in the NY Capital Region area (Albany/Schenectady, Etc.).  Anyone know of some companies to reach out to?  It's only a 3 story residential building, so it's not a really big job.

Thank you.

Kind of in a weird predicament here.  We entered into an agreement to purchase a few buildings from a seller.  The seller was very slow in returning docs and filings.  The attorney did send e-mails, but all the docs were obtained by RE agent.  Upon reviewing all the financials and the "new" rent rolls, they were drastically overstated.  The units were described as 2 and 3 bedroom units (even in the contract), the "new" rent rolls which were signed off stated 1 bedrooms and a few studios.  We gave the attorney 2.5k in a deposit and he actually invoiced us another 1.5k in "fees".  He didn't write the contract, it was the sellers.  He didn't do any of the negotiations, it was done by the REA.  I requested some considerations, he declined them and thought he was being generous in "only" invoicing me an additional 1.5k.

What do I do here?  Never been in this predicament.  I've had deals fall through, and usually the attorney works with us on the fees.  However, this one wouldn't do jack.  

PM Sent.

White Plains & Yonkers primarily.  

I am looking at two properties in Westchester, but I do not have a reliable realtor.  The last one from Coldwell Banker was horrid.  Any recs?

Curious why they contacted me and are aggressively after our business.  Our atty did rec. us, so I am not sure if that meant anything or not.

I had a meeting with M & T bank today and they have some attractive mort. options (most importantly, no escrow). However, upon Googling them, their reviews are not the best.  Granted, those are for home owners, not investors.  However, I'd like to get the folks who've use or are using them at BP to chime in on them.

How are they?

AIMLoan.com might be an option.

Don't sh!t where you eat.  Something goes wrong, you'll be sorry.  Keep family, colleagues and friends separate from business transactions.