
29 July 2015 | 2 replies
If they wait for it to come from an authorized underwriter, that adds about 10 days after the appraisal report is done, before you can use it to be underwritten.

29 March 2016 | 53 replies
Here is the official language from the IRS:To exclude gain, a taxpayer must both own and use the home as a principal residence for two of the five years before the sale.
30 July 2015 | 12 replies
If they want me to pop the trunk, more then happy to ( I really should clean it out).Never piss off an official unless it is a really serious issue; they can make your life difficult.

5 August 2015 | 13 replies
Violation is cause for eviction.The local authorities here are not very happy with AirBnB and the time to handing out significant fines is short.

7 August 2015 | 5 replies
The flipping involves everything from finding the property, negotiating the deal, determining what needs to be done to the property, dealing with the renovation planning to include getting it approved by the local authorities, performing the work on the property or finding and supervising the contractors or employees who will do the work on the property, paying all associated bills for the property to include HOA fees, utilities, insurance, and taxes, coordinating all aspects of the rehab which goes beyond just hiring contractors, passing all inspections, staging the property, determining sales price at completions (which may be different than initial ARV projection), staging the property (if desired), finding and supervising the realtor selling the property.

25 August 2015 | 10 replies
This is from the the CSLB website "According to the California Building Standards Code, no building or structure may be erected, constructed, enlarged, altered, repaired, moved, improved, removed, converted or demolished unless a separate permit for each building or structure has first been obtained from the building official."

2 August 2015 | 21 replies
The official answer is "it depends".

1 August 2015 | 2 replies
It seems illegal The property manager has not authority from the estate to broker a deal.He trying to broker a real estate transaction without permission from the principals.Lastly he may not even be licensed to do this .Contact the executor directly

20 August 2015 | 4 replies
Permitting authorities often have power trips and that will cause issues.

1 September 2015 | 7 replies
My partner, @David Pupo and I officially became CFRI members over the weekend, and are really looking forward to attending the more specialized meeting groups.