Bob Malecki
Question on 2nd position npn in CA -- can I contact borrower?
29 October 2014 | 27 replies
Your servicer can contact them, they just don't want to I'd say, communication is difficult, they have disclosures, must log the account, record telephone calls, provide a follow up report and retain these records, it's a pain and probably won't yield anything for them considering the risks they take in going further.
Alan Charles
Real Estate Taxes lowered?
15 August 2014 | 15 replies
ah, this is a sore topic for me.i made spreadsheets like @Heather W. . but didn't help. my house appraises at around 125, but the city estimates at around 100. they said "we compare REO rentals not how it looks when you buy them, but as if they are fixed up".i spoke to 2 tax attorneys and they said "you have no case" and want retainers before we even start. or they want appraisals on all homes, which will cost me around $4,500. it's interesting that the attorneys didn't want to take this on because that's what they do day in and day out anyway..
Steven Mitchell
Property Manager Cost
24 May 2017 | 7 replies
If my system doesn't work, no one makes money and I will have trouble recruiting and retaining PMs.
Michael Valencia
Rookie Investor mistake?
9 May 2019 | 3 replies
GC charged $2k as a retainer, went ahead and put water/power in their name, Filed for permits, ordered dumpster and portal potty, and hired demo crew.
Mark Rhea
Deductions on Improvements Before Officially Renting
28 February 2017 | 10 replies
If you lived in that house long enough it might make sense to change ownership to an entity for a FMV cost basis instead of retaining ownership with your current (read: much lower) adjusted cost basis, but that takes some extra steps and depends if you should do it.
Steven Barr
Purchased unauthorized subdivide flip
12 January 2024 | 18 replies
I retained counsel to represent the insured who took the steps necessary to get the town to approve the plat.I suggest you submit a claim to your insurer, the worst they can do is deny liability and you're no worse off, except for the loss of time.
Andrew DeWeerd
OPPORTUNITY ZONE TAX HACK - FLIPPING
5 August 2020 | 14 replies
(You may also transfer property other than cash as an investment into a QOF, however a transfer of non cash property may result in only part of the investment being eligible for tax benefits)The Opportunity Zone tax benefits have been structured in a tiered approach as follows; if an investor retains an Opportunity Zone investment for at least 5 years, 10% of the initial investment is excluded from being taxed.
Stephen E.
Elimination of Curry odors?
30 June 2023 | 52 replies
I ignored signals like this during the application process for what are now my worst tenants.
Jody Davis
Security Deposit - what to take out
31 January 2016 | 4 replies
Our final report on Deposits and Refunds includes the following categories:Credit: Security Deposit, Pre-paid RentDebit: Unpaid Rent, Unpaid Utilities, Unpaid Fees, Missing Items, Damages, Extra Cleaning, Extra Debris Removal.We don't look for ways to retain the security deposit, we only look for ways to keep us "whole" after a tenant has moved out.
Lois Ginter
Lease Agreements for Month to Month Low Income Tenants
8 February 2016 | 6 replies
I also believe that having a comprehensive set of rules is proactive in regards to preventing maintenance problems and retaining good tenants since everybody is agreeing to the same standards of conduct.