Doug Henderson
Tax advice for private money’s lenders
Borrowed private money to do several deals this year. Paid them all back their principal plus the agreed upon interest. For tax purposes what should I be doing to report. Do I need to issue them 1099’s showing the amo...
Chung Sun
Is there anything I can do?
I recently moved out of my apartment. I asked them a month a head of time that I will be moving out and to find out all necessary proceedures to end my lease. They told me everything except that I needed to submit a w...
Bo Johnson
Prospective tenant going through divorce
Hello all,I have a very simple question. There is a prospective tenant (PT)looking to rent a unit. PT mentioned to that he/she is currently going through a divorce that has not been finalized. I AM WELL AWARE THAT IT...
Sean Pour
Applicant with Massive Student Loan
My applicants are partners, currently living in a one bedroom apartment with about $2,000 monthly rent. They are applying for my 2BD condo with monthly rent of $2,200. One applicant (She) is making a good salary (x3.8...
Dame Notnow
House Hack section 8 (creative/doable or no)
Is this scenario doable?Get FHA loan on 2bd/1 bath condo, rent to coworker who’s on section 8, coworker allows me to stay there. Wouldn't the Occupancy requirement be met since I’m living there? All utilities would be...
Charles Huang
Wholesaling provisions in the Realtor Contract
Hi all,At our meetup last Saturday, I discussed the differences between the wholesaling provisions of the NVAR/GCAAR provisions and similar provisions found in some of the Bigger Pockets user uploaded contract. I jus...
Bienes Raices
Man defies foreclosure, locks self in house
http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20100504/NEWS16/5040408
N/A N/A
if it sounds to be good to be true is it
I fund this property on the internet. I was told on the phone that it is a 3bd one bath house in So CA and this is the crazy part the lady only wants 30,000- thirty thousand dollars. I just found this today is this wo...
Daniel Kramer
Rugs Required in Lease - Valid?
My sister asked me to review her lease. She lives in Boston and this is an older 5-unit with hardwood floors. There is a note that requires her to cover approximately 80% of the hardwood floors. I understand the desir...
Tucker Cummings
Loan Products for Primary Residence
My wife and I are hoping to move to Austin within the next year. Our plan is to househack and move into a 2-4 unit building while renting out the other sides. We currently have a mortgage on a primary home and we have...