Looking for some advice on behalf of a client. He's got 80+ small residential properties, all single-family or very small multifamily, under 200 units total. Each property has property management, and his CPA firm handles the accounting. Should be sorted, but in reality, he's getting buried in all the insane shit that falls between the cracks; insurance claims, vendor coordination, being the liaison between the PMCs and the CPA, general admin that nobody else owns. His time is getting eaten alive, and he wants to add a layer between himself and his property management companies, someone who can own the day-to-day administrative and operational coordination so he can get back to the three other businesses he owns. The obvious answer feels like an Asset Manager, but I'm not sure that's right for a few reasons: The portfolio isn't really growing; this isn't a "find the next deal" role A good Asset Manager wants to be underwriting deals and optim...

Hello, I know there are a lot of information about this, but I think my case is a little different. If I buy a house for the first time, but by cash, without any help or loan, do I still could ask for any help as a first time buyer, for my next house with mortgage? or its better if I put this house with my moms name and not mine, I will live there btw, not she... Cause I dont want to waste this option buying a house with cash... I know if you dont own a house for 3 years, you could use it, but its not an option for me if I put the house in my name Thanks! submitted by /u/Jfgpreddit [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1so5kz7/fha_or_first_time_buyer/

Selling my house currently. I saw on social media once about having a house binder to “give to the buyer”, so prior to selling I made a binder with every useful detail I could think of. And I placed this binder on the counter during showings and open houses. I put in manuals for appliances I had bought (or downloaded and printed them from the internet), added in paint colors (including brand and finish), receipts / screenshots for various items I had for the house (light fixtures, door locks, etc.). I found my Amazon orders and printed out a screenshot of the HVAC filters I use, the stain I use for the deck, the type of grass seed I use, invoices from the trash company, types of plants I had planted, care instructions for the garden, order / part numbers for various parts I had replaced on the oven, literally EVERYTHING I could think of. By the end it was like 30 pages. Was all of it necessary? Probably not. However when I was talking to my agent, she mentioned how a few offers ment...

Hey everyone, looking for some advice because I’m in a tough spot and not sure what the best move is. I recently broke up with my girlfriend and we’re both on a lease together. The issue is that the new lease term starts in August, and I really don’t want to be tied into another full year especially since I won’t be living there. Right now: • She plans on staying in the apartment • I’m trying to move out and get my own place • I can’t realistically afford to pay rent there AND rent somewhere else • She is not willing to replace me on the lease or sublet I’m trying to handle this as cleanly as possible, but I don’t know: • Can I back out of a lease renewal before it starts? • Does she need to agree to remove me from the lease? • Can a landlord force me to stay on if I already signed renewal paperwork? • What are my options if she refuses to cooperate? I live in Wisconsin. If anyone has been through something similar or knows how landlords usually handle this, I’d really apprecia...

Recently viewed a house with my partner and we fell in love. Offered 20k over ask and there was one other competing offer. We got the house for 690k. It’s 45 years old and well built, but certainly has some aging things about it such as the windows and roof. After inspection we found out there’s some things that need to be done sooner than later. At least 3 windows (~5k) the roof (~10k) and the garage door (~3k) should all be replaced within the next year or two. The house has been neglected, cobwebs everywhere, filthy air exchanger, list goes on. We’re thinking we should negotiate down to 675k. Is requesting 15k off crazy? What’s the likelihood they go back to the competing offer and take theirs? Guidance appreciated submitted by /u/Commercial-Can4805 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1sn43c0/negotiation_after_inspection/

My wife and I walked a historic 1902 farmhouse yesterday and are seriously interested but have some concerns before moving forward. Key facts: 4,400 sq ft Private in-ground pool Metal roof 2012, HVAC recently updated, new septic just done No structural issues disclosed Pre-1978 so lead paint is a factor Two car garage A few things we're trying to get a handle on: What's a realistic cost to add a full bathroom upstairs? What would it cost to extend central air to rooms not currently on the system? What should we tackle first in a home this age? Anything about 1902 homes specifically that isn't obvious but we should know going in? We're pretty handy and have good people around us who can help. Planning to do as much ourselves as legally possible and phase the renovation over several years. Are we being realistic or are we in over our heads? link below submitted by /u/EatADubya [link] [comments] source https://www.reddit.com/r/RealEstate/comme...

I've been looking at the numbers on rental properties in Cabo and the returns seem solid, but I'm nervous about buying property in Mexico as a first timer. I'm based in California and I've heard the market there has gotten a lot more competitive in the last couple years. Would love to hear from anyone who has investment property in the Los Cabos area. Is it worth it, and did you use a local agent or try to do it remotely? submitted by /u/KaleidoscopeDeep3453 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1smzf7g/is_cabo_san_lucas_still_a_good_real_estate/

EDIT: I thought I made this clear enough but apparently I didn’t, I’m not buying this property. I wrote a post about trying to buy a condo from a friend which is really just half of a house. The HOA is two people. They had a problem with my dog being over 35 pounds, but all communication was done through my friend and they made me promise not to contact the other owner directly, which is a red flag. The update is, I insisted on speaking to the other owner, and I was told they refuse to talk to me at all until the sale is finalized. Is this a normal way for a co-owner in this situation to behave? It seems like a huge problem to me. I told my lawyer I'm withdrawing from the property. I have never bought any property before and this is my first attempt trying to get a condo. I decided to give up on this idea and get an apartment until I learn more about how condos are supposed to work. PS I got a lot of comments on my thread about my dog being an ESA. These comments all seem to b...

I have a question about qualifying when self employed through my own business in the U.S. Midwest. I'm getting divorced and the child support I receive will be $470 and my alimony will be $800 a month. I'm self employed and the last four years on my taxes my net income for my business was: $37K, $21K, $19K and $8K (yeah, decreasing) and I have about $14K in savings and excellent credit and no debt. My husband makes most of our income, but agreed that if I can refinance the house in my name he will let me have it because the equity in our house lets him keep more of his retirement. What I'm trying to figure out is can I qualify for a loan for $107K for a house that is $300K so I can take over the loan in the divorce? Trying to figure out how I can make this work, but I'm concerned my income isn't high enough. Can I do an FHA loan? What could help this situation? submitted by /u/Bone_Apple_Teat [link] [comments] source https://www.reddit.com/r/RealE...