Casey Martin
Owner Occupied question
28 November 2017 | 3 replies
If you already own the home you live in, then you can only use a FHA loan for a new property if you:1. are moving because of a work-related transfer2. an increase in family size requires a larger homedirect quote:“FHA will not insure more than one Property as a Principal Residence for any Borrower, except as noted below.
Andrea F.
Get our feet wet by buying Mother-In-Law's home?
28 November 2017 | 2 replies
A house hack or living together here isn't an option because the current house is relatively small and my mother-in-law is basically at the point of closing with the new house she's found and fallen in love with.
Joshua Zapin
Property Management Indemnification Standards
30 November 2017 | 3 replies
I am reviewing a property management agreement and came across this clause RE: Indemnification that seems too broad:INDEMNIFICATION:(a) The Owner shall indemnify, defend and save Agent harmless from all suits and/or other legal proceedings whatsoever and cost incurred therefrom in connection with the management of the Property and from liability for injuries suffered by any employee or other person whomsoever, except in cases of willful misconduct or gross negligence on the part of Agent or its employees, (b) The Owner shall indemnify and hold harmless the Agent from and against any costs, loss, expense or damage (including attorney's fees) suffered or incurred by the Agent arising out of or related to the enforcement of this Agreement arising out of a default or other breach by the Owner, the management, operation, improvement, alteration and leasing of the Property, including all other activities arising out of or related to Agent's duties under this Agreement or as a result of any act or thing done or permitted by the Agent or its agents or employees; provided, however, that such indemnification shall not apply to any such cost, loss, expense or damage to the extent that the same relates to or as a result of conduct by Agent which constitutes willful and wanton misconduct.It seems like if one of the Property Manager workers (aka Agent) slips and hurts himself while cleaning the floor the "Owner" is then responsible.
Aman A.
New construction home but cannot rent or sell. Advice needed!
29 November 2017 | 2 replies
I was hoping for some advise related to if I can work around this clause with the builder ?
Bob Smith
Complicated taxes - CPA making mistakes
29 November 2017 | 7 replies
It's not reasonable to have to scour a 50+ page appraisal for a small difference.
John M.
who makes more $ investor or Turnkey provider / Property manager
29 November 2017 | 8 replies
Just want to make sure I am on the same page...Keep in mind when thinking about property managers, they have overhead of conducting business, including employee wages and benefits, hardware and software costs, utilities and rent for their office location, insurance costs, licensing costs for their employees plus the time and effort put into maintaining compliance with applicable laws regarding third party management of real estate assets.
Truman Meecham
FHA Loan for 2 4 Flats
29 November 2017 | 3 replies
Hello Bigger Pockets Community - I have a question regarding the relation of the sale of 2 separate 4 flats being sold at once.
Liz C.
Got this text from my tenant
29 November 2017 | 19 replies
It could be related to school enrollment or something.
Account Closed
bringing a buyer with you on your appointment
4 December 2017 | 18 replies
Even with a good buyer who wants to work with you, the seller may want you out of the middle to get more $$ for themselves.If you are bird dogging, finding properties for a fee that is different because you have the agreement with the end buyer in place.So, if you are buying and then selling to your end buyer, I would recommend getting it under contract first or make sure you and the buyer are on the same page regarding who deals with the seller and how the contracts are going to be handled.
Justin Morrow
Looking to connect with Agents & Investors around NE Ohio!!
6 December 2017 | 6 replies
If you have any insurance related question I am always available to help.