Samuel Sturt
Help me manage my Airstream BnB!
5 August 2022 | 16 replies
I live 5 minutes from Joshua Tree and I know they currently have a huge plot of land (assuming their all AirBnb's) filled with 25-30 air streams, all identical with outdoor showers lined up in rows on what looks to be 2 acres.
Connor Mckelvey
First Deal - 8 Days to Close and my Lender is Dropping the Ball
28 March 2019 | 42 replies
Please note that it is mortgage fraud, which is a felony punishable by up to 5 years in prison, to claim a primary residence when it is not your intention to live there.
Svend W.
Landlord residing in basement that lacks kitchen & shower
14 January 2019 | 7 replies
Prison penalties for mortgage fraud can be significant.
Art Maydan
How To Screen Rent Out Property & Screen Tenants
19 October 2016 | 4 replies
For the background check a number of those services allow the tenant to verify their identity online and pay for the screening costs directly to the provider so that would save you the trouble of collecting an application fee.Hope that helps as that is the process I recommend but may be different from other people here on BP.
Julie S.
Emotional Support Animal/Tenants
11 June 2021 | 57 replies
Have your attorney figure if you can claim fraud on the application.
Andre B.
How to buy foreclosures at auctions?
7 January 2019 | 10 replies
I was really hesitant to make bids online at Hubzu.com or Auction.com, because I was concerned they were frauds.
Sutton Zolner
Las Vegas market question
9 July 2015 | 28 replies
The formula we use for comparing returns is:ROI = ((Rent - Debt Service - Management Fee - Insurance - Real Estate Tax - Periodic Fees) x (1 - State Income Tax))/(Down Payment + Closing Costs + Estimated Rehab Cost)As an example, suppose you found the identical property (not realistic, I know) in Austin, Indianapolis and Las Vegas.
Eiann Sha
Does an office count as owner occupied?
16 May 2023 | 3 replies
Using a home as an office but not living there does not appear to meet the requirementAsk your lender is what I would do as mortgage fraud not something screw around with
Annalisa Minetto
Do I really have to live there for a year?
16 May 2023 | 6 replies
I don’t reckon the punishment for mortgage fraud is all that fun.
Brett Lee
Pay off rentals early OR Pay down Primary house?
17 May 2019 | 84 replies
Only if you're in a strong homestead exemption state like FL, you've commited fraud and are trying to hide your assets.Financially that makes no sense to me.