Naveen Samson
Water damage at my rental property - Advise please
I have homeowners insurance , that is, insurance for an owner occupied property but i recently rented my house and i have the same policy(nothing changed on the policy). Now there is a water damage in the basement bat...
Manas M.
Compensating tenant for broken refrigerator
Hi BP Folks,One of my unit is rented out to a tenant with a refrigerator. Recently, the refrigerator broke down and we got it fixed in about 10 days (the earliest we could get a technician to the house). Now, the tena...
Andy Wilson
How would you define Over-leverage?
Hi BP,I realize again the importance of avoiding over-leveraging especially in this unforeseen recession crisis. I thought I would never leverage more than I can handle (pay them all back) in the worst situation, but ...
STEPHEN YUAN
Transfer half of the property through quit claim
Scenario:The property is located in Georgia, South Carolina, or North Carolina. Person A owns 50% of the property.A is the responsible for the mortgage on the property.Person B owns the other 50% of the property.B is ...
Chris Seveney
Interesting Title Insurance Claim Decision
I found this article interesting as I have been involved in title claims on numerous occassions. In this case, because the bank handled the recording of the mortgage and the bank was careless in its process they denie...
Account Closed
Sellers are trying to keep deposit HELP!!!!!
Hi all!
If anyone can give advice on how to handle this I would gladly appreciate it.
I made an offer on a home it was accepted, the mortgage broker I was initially working with never answered phone calls or texts. ...
Adam K.
Title insurance clause in P&S
Am in the process of purchasing a foreclosed property to rehab and flip and there was one clause that I didn't quite understand so thought I would post for some clarity.
Section: Closing Costs/Concessions
"Purchas...
Gerrit Stukkie
Lease Option vs Buy Hold Analysis
I have a newbie question.What differences are there in analyzing a lease option property versus combining buy and hold analysis with a flip analysis?I want to have LO as an exit strategy along with Flip and Hold.I kno...
Jim G.
Disclosure Broken pipe water damage Insurance Claim when sale
In California, is there any statutory requirement that the disclose package need to include the insurance claim happened in the past 12 month when sale a SFH? From CAR disclosure form, I didn't see the check box. I...
Jessie Dillon
Commercial loans & personal guarantees
Hi all! An interesting question has come up in my circle & wondering if anyone WORKING IN commercial loans can answer this for us: Example:A new LLC is created for a group of people to purchase a property in. Owne...