All Forum Posts by: William Coet

Hello,

1. If the proceeds of a sale are placed into a syndication, is there a time limit that it needs to stay invested in the syndication?

2.Can the proceeds of a sale be divided among several syndications (or properties)?

Thank you

Hello, 

A water pipe broke and caused flooding.  Tenants will be out of apartment for 2-3 weeks.  Tenants have put a stop payment on check and said they will prorate for when it is complete.  

Will landlord policy insurance typically reimburse us for this?

Thanks!

Old houses with plaster and lathe can be quitter than new ones with drywall.  Check that the plaster is tight on the ceiling.  If it's not it can come down on someone.

Are there any alternatives to the 1031 exchange to avoid capital gains?  The market is still priced higher than I am interested in buying into. 

Thanks

 Thank you Mike,

Should I be contacting a local attorney to cover all of the details?  How does the insurance get set up? 

Hello,

I'm hoping someone can direct me to a "subject to" expert who can advise on what contracts and legal documents to use.

Thank you

Hello,

I am considering "subject to", but want to have a good contract.  Can anybody recommmend how I can find one and how I can find an attorney that is familiar with them?

My understanding is that there are some important considerations to prevent the loan from being called due.  I also need to make sure the seller is comfortable with the deal.

Thank you

Good question.  I think the seller will be reluctant.  Any idea how I can convince them it's a legit transaction?

The seller has a rate of ~4% and we are being quoted 8%. Is there any way a bank will allow a mortgage to be assumed? Initially they said no, but can a "higher-up" approve it? Are there any strategies to make it happen?

Thank you

The seller has a rate of ~4% and we are being quoted 8%.  Is there any way a bank will allow a mortgage to be assumed?  Initially they said no, but can a "higher-up" approve it?  Are there any strategies to make it happen?

Thank you