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20 March 2020 | 3 replies
We have a promissory note and deed of trust recorded in the county records so it's a pretty simple case in my eyes.
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5 June 2020 | 10 replies
(Ours were standard evictions and concluded normally - these were evictions filed in February which were delayed due to COVID-19)However I did witness an eviction also filed BEFORE the CARES Act which DID receive Sect 8 income and the magistrate moved to dismiss the case...in his own words "To my knowledge the case must be dismissed due to the CARES Act".
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13 June 2020 | 15 replies
Awesome to hear that you’re thinking about pulling the trigger on a house hack - it’s easily the best financial decision you will ever make if done correctly.A lot of people on BP will tell you that renting by the room is not a sound investment; that you can’t effectively manage multiple strangers in a household; that you’ll relinquish your privacy/sanity/personal space/landlord status etc etc.As someone who lives with 5 roommates (including my wife + 2 dogs) I can tell you that it’s absolutely not the big bad monster that it’s made out to be.Because you have multiple streams of income in a single property, if a tenant flakes, you still have partial coverage of your mortgage payment - not the case in a traditional rental or “luxury” house-hack.
21 June 2020 | 14 replies
If this is the case in the state of purchase and you aquire the property in occupied status review the current lease. if you do not want to go through all the extra inspections and avoid sec8 you'll have to give a good reason to ask current tenant to leave, since they have rights and option to furlough rent due to covid its a risk. its all about your flexibility as an owner and landlord.Best of luck :)
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29 April 2020 | 1 reply
Some have white agents and some have colored agents.Might not be the case in the modern world.
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4 May 2020 | 2 replies
If that's the case in your area too, they should be able to find another rental property.
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11 May 2020 | 17 replies
At least that is the case in Milwaukee County.
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11 May 2020 | 3 replies
Case in Point: Vacation rentals are currently banned statewide in Florida by the Governor as part of the pandemic response.Short term rentals are much more management and labor intensive (you are turning units over 50+ times per year on a weekly rental, compared to once every 1-2 years on a long term rental).
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12 May 2020 | 3 replies
With the internet auction it is not rare to see hundreds of bidders per property.There are still some niche where you can get some good deals.In my case in Florida I only buy tax certificates (liens) and get some good returns (18% in general but sometimes way more if I’m lucky).
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4 May 2020 | 2 replies
If you file a new case in Arkansas between now and July 25, 2020 seeking an eviction, you "are required to affirmatively plead that the property that is the subject of the eviction dispute is not a covered dwelling under the federal Coronavirus Aid, Relief, and Economic Security Act (CARES Act)".