All Forum Posts by: Joe L.

Anyone investing in College Park?  Pros?  Cons?  Thanks!

Hi - I’m looking for a lawyer to draft condo documents for a condo conversion in Washington DC. Thanks!

Hi - i'm looking at a house that is just outside of a floodplain and has a floodplain easement.  Is this an issue?  What should I be looking for?

In a hot market. What are your thoughts on waiving an inspection contingency if there is a tenant already in place and they said everything is working fine?

Welcome to BP!

Try emailing/calling other commercial brokers directly.  You also have a brokers open and offer free lunch to drive some traffic.

Yes but you start paying interest after a year or so once the introductory period ends.  Also, many of them have an upfront fee that is usually 3% of the amount.  

Don't forget to budget for cap ex (how old is the house?) and other repairs and maintenance.

Thanks!

Hi - I am W-2 employee for commercial real estate broker.  I have my real estate license and spend most of my day working in office leasing.  I have one rental property that I own personally.  Can I classify myself as a real estate professional for tax purposes even though most of my day to day work is not for the rental property that I own?