Zachary Hannay
VA ASSUMPTION INVESTMENT
My next door neighbor moved and couldn’t sell her home. She asked me to assume her loan to avoid foreclosure. (I told her it would be an investment property) I accepted and we signed a purchase agreement for me to ass...
Bryan H.
What happens if I accept Partial payment of amount owed while in the eviction process
Hi, So I will keep this brief. Long story short I have a tenant that has not paid rent in the new year. Rent is due on the first of every month. We have a court date scheduled for next week and the tenants are trying ...
Dan Oakley
legal non-conforming status
Hey all, I am looking at a park that has a legal non-conforming designation. The reason being lot size. Minimum required is 20,000sq/ft per home as of 2001. Nearly half an acre. The park was finished in the late n...
Betty Klein
selling home at a loss
I am currently trying to sell my home in the Grass Valley CA area and my realtor tells me I have to take a 30K loss!
Jeremy Able
need help with terminating senior citizen lease in Texas
My mother has lived at an apartment complex for over 20 years. They have recently changed management. Her lease was due to renew several months ago, but nobody gave her a renewal amidst the chaos of changing manageme...
Andy Mirza
What's the latest experience for NPN pricing?
We've got another month of capital raising before we go into buying mode for NPNs. Our latest information is that NPN buyers are expecting 8-15% discounts from pre-pandemic pricing. Are sellers accepting that?We know ...
Ryan Moses
Are we seeing the last of short sales?
One of the incentives of a short sale was that you got a tax break based on an act passed by Congress in 2007.
Short sales are classified as debt forgiveness, therefore in a normal situation homeowners would have t...
Bienes Raices
Big problem with HUD house
My offer was accepted on a HUD house, and (as an investor), I made my $500 non-refundable deposit.
I've now been notified that if I want utilities on I have to pay a $130 dewinterization fee and buy a general liabili...
Vikranth Biradar
Qualifying for Depreciation using STR
My short-term rental is out of state but I manage it remotely (mostly guest communications and troubleshooting issues) and if I include in that the time I spent getting it ready to rent, I would say I materially parti...
Lafi S.
Short Sale Buyer wants to close in his name
Hey guys, so I have a cash buyer on one of my short sales that wants to close with the bank in his name. We already agreed to a price and he showed me his POF so I know he is serious. Now the bank is asking me to subm...