All Forum Posts by: Jeremy Anan

Hello BP investors from Baltimore, Maryland and DMV area. Where do you buy your granite counter top. I am in need of a good quantity.

Thank you

Matt - A judge once denied a fellow investor similar claim arguing that his courthouse was not the water court, but rather the rent court...So be prepared and think about that. I am certain, the rental agreement will support you. Good luck.

Hello BP - 

I am planning to open an Operating, a Security Deposit and a Cap Ex/Reserve business bank accounts to manage my first multifamily rental.

My question is... Is it suggested to open these accounts at a different bank or open them with the lender who has financed the property? 

Thank you

Hello BP,

I have a quick question on the BRRRR process.

My understanding is that when executing the first 2 steps (Buy & Rehab), you will use your own funds!

Is that an accurate assumption?

Thank you 

Hello BP,

I am under contract on a multifamily property in Baltimore City.

I am looking for a property inspector.

Any recommendations are welcome.

Thank you BP,

Got it. Thanks @Milton Rivera

Hello BP,

I am currently in negotiations with a broker on a multifamily property. Instead of a straight sale, the owner is rather selling 100% membership interests in the company whose sole asset is the property. I obviously will be reaching out to my bank to make sure they are okay and also consult an attorney.

What should I be looking for and what questions to ask as I prepare for the purpose of 100% membership interests?

Thank you 

@Ivan Barrat, Broker.

Hello BP community,

I am currently pursuing a 8-unit multifamily property. The seller's agent accepted a 2nd offer after the seller signed my LOI.

This is what happened.

1- I submitted a first LOI, the purchase price was low and it was rejected. I updated the purchase price and submitted a 2nd LOI.

2- The seller signed and sent me the LOI back.

3- On Thursday, the seller's agent notified me that I needed to send them a contract in order for them to cancel the showings scheduled for Saturday. On Friday, I submitted the PSA to the seller's agent.

4- Today (Tuesday), the seller's agent called me, stated that they went ahead with the Saturday showings and now have two offers on the table. He added that the other offer seems better than mine because it is full price.

5- He suggested that either I update my offer and resubmit or I can keep the same offer. I told him that I was staying with the same offer.

6- Less than 3 hours later, he called me back and stated that the seller is okay with my offer, but will prefer to sign the PSA after I do the inspection. After the inspection, if I still want to move forward with the purchase, then the seller will sign the PSA.

I don't understand the game that the seller's agent is playing and i am seeking advice from the BP community.

Thank you