Abdul Azeez
Where to buy my next investment property?
12 June 2017 | 14 replies
I use and really like tenantcloud.com for tracking expenses & income and also property details like what color of paint was used etc.
Fadi Mouallem
Syracuse NY Area Rental Investment
9 August 2017 | 11 replies
Just turned one over and had to re-paint the whole place which was expensive but it was the first time I've painted since I bought and think that since I use the same color scheme and paint for each house it should be a cheaper touch-up job in the future.
Cody L.
Cracking down on wholesalign in Texas - Abbott signs SB 2212
8 September 2017 | 14 replies
Section 1101.652(b), Occupations Code, is amended to read as follows: (b) The commission may suspend or revoke a license issued under this chapter or take other disciplinary action authorized by this chapter if the license holder, while engaged in real estate brokerage: (1) acts negligently or incompetently; (2) engages in conduct that is dishonest or in bad faith or that demonstrates untrustworthiness; (3) makes a material misrepresentation to a potential buyer concerning a significant defect, including a latent structural defect, known to the license holder that would be a significant factor to a reasonable and prudent buyer in making a decision to purchase real property; (4) fails to disclose to a potential buyer a defect described by Subdivision (3) that is known to the license holder; (5) makes a false promise that is likely to influence a person to enter into an agreement when the license holder is unable or does not intend to keep the promise; (6) pursues a continued and flagrant course of misrepresentation or makes false promises through an agent or sales agent, through advertising, or otherwise; (7) fails to make clear to all parties to a real estate transaction the party for whom the license holder is acting; (8) receives compensation from more than one party to a real estate transaction without the full knowledge and consent of all parties to the transaction; (9) fails within a reasonable time to properly account for or remit money that is received by the license holder and that belongs to another person; (10) commingles money that belongs to another person with the license holder's own money; (11) pays a commission or a fee to or divides a commission or a fee with a person other than a license holder or a real estate broker or sales agent licensed in another state for compensation for services as a real estate agent; (12) fails to specify a definite termination date that is not subject to prior notice in a contract, other than a contract to perform property management services, in which the license holder agrees to perform services for which a license is required under this chapter; (13) accepts, receives, or charges an undisclosed commission, rebate, or direct profit on an expenditure made for a principal; (14) solicits, sells, or offers for sale real property by means of a lottery; (15) solicits, sells, or offers for sale real property by means of a deceptive practice; (16) acts in a dual capacity as broker and undisclosed principal in a real estate transaction; (17) guarantees or authorizes or permits a person to guarantee that future profits will result from a resale of real property; (18) places a sign on real property offering the real property for sale or lease without obtaining the written consent of the owner of the real property or the owner's authorized agent; (19) offers to sell or lease real property without the knowledge and consent of the owner of the real property or the owner's authorized agent; (20) offers to sell or lease real property on terms other than those authorized by the owner of the real property or the owner's authorized agent; (21) induces or attempts to induce a party to a contract of sale or lease to break the contract for the purpose of substituting a new contract; (22) negotiates or attempts to negotiate the sale, exchange, or lease of real property with an owner, landlord, buyer, or tenant with knowledge that that person is a party to an outstanding written contract that grants exclusive agency to another broker in connection with the transaction; (23) publishes or causes to be published an advertisement [, including an advertisement by newspaper, radio, television, the Internet, or display,] that: (A) misleads or is likely to deceive the public; (B) [,] tends to create a misleading impression; (C)implies that a sales agent is responsible for the operation of the broker's real estate brokerage business; [,] or (D) fails to include [identify] the name of the broker for whom the license holder acts, which name may be the licensed name, assumed name, or trade name of the broker as authorized by a law of this state and registered with the commission [person causing the advertisement to be published as a licensed broker or agent]; (24) withholds from or inserts into a statement of account or invoice a statement that the license holder knows makes the statement of account or invoice inaccurate in a material way; (25) publishes or circulates an unjustified or unwarranted threat of a legal proceeding or other action; (26) establishes an association by employment or otherwise with a person other than a license holder if the person is expected or required to act as a license holder; (27) aids, abets, or conspires with another person to circumvent this chapter; (28) fails or refuses to provide, on request, a copy of a document relating to a real estate transaction to a person who signed the document; (29) fails to advise a buyer in writing before the closing of a real estate transaction that the buyer should: (A) have the abstract covering the real estate that is the subject of the contract examined by an attorney chosen by the buyer; or (B) be provided with or obtain a title insurance policy; (30) fails to deposit, within a reasonable time, money the license holder receives as escrow or trust funds in a real estate transaction: (A) in trust with a title company authorized to do business in this state; or (B) in a custodial, trust, or escrow account maintained for that purpose in a banking institution authorized to do business in this state; (31) disburses money deposited in a custodial, trust, or escrow account, as provided in Subdivision (30), before the completion or termination of the real estate transaction; (32) discriminates against an owner, potential buyer, landlord, or potential tenant on the basis of race, color, religion, sex, disability, familial status, national origin, or ancestry, including directing a prospective buyer or tenant interested in equivalent properties to a different area based on the race, color, religion, sex, disability, familial status, national origin, or ancestry of the potential owner or tenant; or (33) disregards or violates this chapter.
Account Closed
Has anyone purposefully overpaid?
11 May 2017 | 16 replies
To do so may end up with you in front of a judge explaining that orange not really your best color and how you may like a different serial number for a name.
Karen Margrave
ARCHITECT OR DESIGNERS, YOUR HELP IS NEEDED
21 April 2018 | 9 replies
Sunriver is very picky about colors and styles, they want "natural" and it needs to fit in with existing homes, etc. which all have some variation of siding, windows have to be beige or gray, etc.
Libbie Grant
Which future rental should we choose?
30 September 2016 | 5 replies
I'm leaning strongly toward that one, too. The
Brandon Sturgill
FHA Lenders Causing Buyers to Become Homeless!!??...
24 December 2018 | 3 replies
Here is the horror of this:We were set to close 11/20/2018 (45-days from contract)...the appraiser came out around a week prior to walk-thru the unoccupied unit to get things moving...good deal...it passes with flying colors and he moves to the outside…no mention of any issues and he gets comps in order…the contract price is good based on comps, so we just need to walk through the occupied unit then we’re clear to close..He gets to the occupied unit...and he notices a small bit of water on the basement floor near the furnace (Image attached)...maybe the condensate line is dripping a bit, no big deal, we’ve already agreed to a $3,000 post inspection concession for repairs, so the buyers can fix this...the next day the lender decides there is peeling paint around some of the windows...three days prior to close...not in the appraisers report!...
Quentin Mitchell
My very 1st multifamily deal
25 November 2019 | 8 replies
@Joseph Konney: The upper unit the guy I bought it from had started the work already, so there was little to do besides paint and finish bathroom floor paint and light fixtures and same with Kitchen and 1 cabinet and I repainted because the color he had was awful.
Mark S.
Rental Rate Too High (4/1 Memphis, TN)?
21 May 2020 | 4 replies
Might be worth it to drop the price straight to $900 instead of going $925 then $900 too, the $25 less per month won’t hurt you as much as an additional 2-3 weeks of vacancy.
Christopher Kolasa
First Deal - Rehab questions - how much living space?
31 October 2019 | 8 replies
I’ll post a picture of a slab that cost $500 and $1100 to cut - this was enough for a kitchen and 2 bathrooms.Same $500 slab in another kitchen:Also, as you can see, for rentals, I’m a fan of darker colored cabinets.