Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 15 years ago,

User Stats

50
Posts
12
Votes
Kathryn K.
  • Real Estate Investor
  • San Pablo, CA
12
Votes |
50
Posts

Rent Skimming Question

Kathryn K.
  • Real Estate Investor
  • San Pablo, CA
Posted

I know someone with a 4 plex in AZ that quit making payments on the building. (The property was upside down and not cash flowing). His original intention was to try to get a loan mod, but when that didn't work, he listed it with a realtor and is trying to get approval for a short sale. Needless to say, he's been collecting rents and not making any payments for quite some time. I informed him that what he is doing is illegal. (and unethical, but whatever) His response was that the Lender hasn't asked for any payments during the shortsale process, so why should he pay it. Anyway, his wife is totally stressed out and doesn't really understand most of what he does in real estate, so my question here is: What is the probability he is going to get caught for this?

Loading replies...