John Thedford
Question about Fraud
Paging @Bill GulleyRecently you wrote a post about contracts, citing various forms of fraud such as fraud by inducement, etc. A friend has a situation with an unlicensed broker that appears to possibly be going to cou...
Joshua Pavao
Can a tenant break a lease for this?
Hello BP, I'm curious if a tenant in Florida can break a lease due to an A/C not being repaired.Firstly, I am the tenant, and have been having some problems with maintenance. I haven't exactly been a nuisance about it...
Michael Nathanson
First Fourplex Analysis
Hi BP community,I have been looking at a couple of 4plexs in the same area that have come up on the market near me recently. 2 of them are under contract (I had offered on them but never heard back since I offered mu...
Jason Merchey
Lending in South Carolina
My attorney did a search and talked with some colleagues and determined that I would need a mortgage broker's license to lend private money. Since 9/17 it has been law. Some folks are still doing it, of course. Maybe ...
Katie Hawn
Is commingling a concern when returning a security deposit to a tenant?
As a landlord when I have new tenants, I have been careful about receiving a security deposit as a separate form of payment from any rent and depositing the security deposit in a separate holding/escrow account. Now ...
Lisa Bradshaw
xome.com auction - is this a scam??
This week I won an auction on xome.com for a property in Portage county Ohio. I got the contract but I noticed that the seller listed on the contract is Nationstar Mortgage LLC. However, when I look at the county tax ...
ANGELA DOTHAGE
New landlord protecting themselves from damages
I am purchasing 7 units, 6 currently have tenants. How do I protect myself from tenant damages when they move out? For example, one home has a broken window. The current owner says the current tenant must have done th...
Rich Thomas
Self employment tax from syndication
I am looking at investing in a syndication which is structured as an LLC and taxed as a partnership. Will I pay self employment tax from any profit on this?
Min K.
Rochester Student Applicants
In the Rochester rental housing market, I was wondering if you could tell an applicant a house isn't available for student rental. Wasn't sure if there were any local or state laws that protected students, or if this ...
Mark Cruse
Occupied property
I’m taking possession of a property next week that is occupied. It was foreclosed on and the owners appear to have rented it out to others. I drove by many times and see no evidence of them planning a move. I will mak...