All Forum Posts by: Pandu Chimata

Any thoughts ?

Hello all,

I bumped into a charity organization yesterday. They claimed they have better chance to get the to-be auctioned properties from county. 

Charity organization will be 30% equity partner, whenever we sell the property or rent the property.

Every property will be under an LLC, with 70:30 equity ratio.

Does any one of you have any experience in this type of collaboration ?

Ok! Sounds good. Thank you ! Yes.  I agree we still need to wet it down. 

After wetting the ceiling, did he ties the scrapper to the vacuum hose for scrapping off the popcorn ?>

Cool idea !! Is he tying the scrapper to the vacuum hose ?

Are you sure ? $400 per door ? Please check again.

As Matt mentioned, if the utilities are paid by the tenant and it's managed by the owner (no property management), I would consider it. 

that is an option not explored till now.

@Scott Hollister, Thank you Scott.

I believe he owns the condo outright. I need to find cash to buy the condo. 

our urgency is to sell the house first and then we can work on the condo later. 

Here is the scenario.

My partner and I listed our flip property on sale. There is one potential buyer but he wants to sell his condo to make a down payment for our property.  He is selling his condo off the market for a discounted price since it needs some work and also he wants to get rid of it. So we are waiting for a cash offer to this condo to use that money for the down payment for our listed property.

Is this possible ?

I don't have cash to buy his condo but the condo has potential to make some money.  So is this possible to show the condo as a down payment (for a fixed amount) to the bank and get the rest of the loan to buy our property and transfer the condo on my name at the end of the closing ?