Real Estate Utilities WARNING – Must Have Meters
There’s electric in the property, but where are the electrical meters? This has happened twice with similar results so I thought it would be interesting to relate so you are aware if it happens to you in looking into real estate utilities on properties that you may be evaluating. In the first case we were…
Read more
Transactional funding for real estate Profit or Loss?
Transactional Funding For Real Estate Isn’t Always Easy. I was providing transactional funding for a recent real estate deal and was closing it out. Actually the closing agent walked the check over to me as they are across the hall. The buyer’s funds had been wired in two days before so the closing was somewhat…
Read more
Asset Manager Headaches When Buying Distressed Properties
When Buying Distressed Properties, can an asset manager simply cancel an REO sale just before closing? With the problems associated with selling distressed REOs (bank owned) properties, one would think that an asset manager for a lender would be glad to close out each and every headache he has in the lender’s portfolio. With this…
Read more
