Having a checking account for your real estate activities makes record keeping cleaner, but it is not necessary unless you have a partnership with someone other than your spouse.

I have a deal closing next week and after talking with escrow yesterday there is a potential for a delayed closing if in fact county offices close and we are unable to record on the contract date.

@Alejandro Ochoa what exactly are you trying to research about them, the county and public records are usually a good place to start, for example most people who bought their house a month ago aren't interested in selling.

@Rohan Deshpande here in California retail buyers will want a certification by a Septic company that both tanks are ok (preferably recently pumped) and a leach field test.Local Septic companies may have records on pumping dates, service done, vault head and clean out locations."

Tenants are misinterpreting this as not needing to pay rent when in actuality all it will do is ruin their record as a tenant. 

Here is the link to the original post if you want to go back and read it, but I will provide a quick summary if you don’t want to read through the whole thing.https://www.biggerpockets.com/forums/52/topics/677478-would-you-take-a-tenant-with-a-prior-evictionA tenant applied to one of our properties and she had an eviction on her record from 6.5 years ago.

Make sure you verify all this with your tax professional.I simply record my time at the house doing work.

., some town halls being closed for recording).I would pay attention to the terms of the HELOC of course, obviously the rate but also any other terms such as ability to convert to a fixed and under what terms, how long you can keep an outstanding balance before it needs to be repaid in full, etc.

Such eventsare often addressed by a “Force Majeure Clause” allowing a party to suspend or terminate performance when circumstanceswhich the parties could not have anticipated, or which are beyond their control make performance of the contract impossibleor impracticable.The current world-wide Coronavirus (COVID-19) pandemic has had unprecedented impacts on real estate transactions,including, but not limited to, travel restrictions, self-imposed and governmentally required isolations, and closures of bothgovernmental and private offices required to fund, close and record real estate transactions.Accordingly, in the event complying with the Close Of Escrow is not possible or practical as a result of unforeseen circumstancesrelated to the COVID-19, such as Buyer’s or Seller’s inability to travel to sign documents, closings of or delays in relatedgovernment and business services, including for example delays by or closing of lenders, title/escrow, county assessor/recorder, or otherwise (hereinafter “Unforeseen Circumstances”) the Parties Agree as follows.

Like I said just a newbie, no lawyer, just wanted info to educate and hopefully proceed forward and buy my first property.Ill just wait for the recorded webinar, I guess.Kinda disappointed, but still have a year to evaluate more.