Adam Kotlarek
1031 exchange purchase agreement
What are the requirements (if any) for the purchase agreement when selling a property you want to enter into a 1031 exchange? I received an offer on a property and the buyers agent used a standard form type of PA. F...
Matthew Berry
Asian Sellers in the Twin Cities, Need Cultural Insight
Disclaimer: Before I'm labeled as being racist, I want to recognize that every culture has it's idiosyncrasies. I just need some help understanding Asian culture, especially as it pertains to the Asian groups in Minne...
Waylen Herdman
Is this mortgage fraud?
I want to preface this by saying that this scenario is purely hypothetical.
Let's say I use FHA financing for a 3/1 SFH. Obviously I have stay in the property for a year but do I have to stay in the property or could...
Carly Grunwald
Multiple Properties on One Deed
Hi BP Brain Trust :)My husband and I own 8 SFR in various states & counties. We are in the process of transferring these properties into a trust. One of Title Lawyers in Texas asked if we wanted to put multiple ...
Vimal Earnest
Can seller back out from escrow
We live in California. Our offer was accepted and escrow open at end of February, 30-day terms. Since it’s a jumbo loan so it took more than 30-day to get our loan approved. We signed off all the contingency other tha...
Richard Arden
Abandoned vehilce solution?
I share a duplex with my only tenant. He has an old navigator thats broken and unregistered. No effort has been put into repair or selling. I have in the lease that no abandoned or unregistered vehicles should be sto...
Anand Khanna
Can I buy another "second home" for STR with 10% down?
My wife and I own a "second home" in Reno Nevada which we purchased with 10% down and were planning to purchase another one, but our lender told us that we can't get another loan for a second home within ~100 mile rad...
Lance LaGrange
Sub 2 Question
I`m trying to get all my ducks in a row before I start making offers "Subject To". My hang up is on the contract. I have read from manyy Bigger Pockets contributors about clauses that are must haves in the contract...
Greg Schuricht
What to look for in CCRs?
Hey all, I'm looking to invest in a townhome/condo as an STR investment.I'm exploring a particular HOA and reading through their covenants, conditions and restrictions (CCRs). I see some paragraphs that talk about "L...
Christopher Morin
I messed up. Gave PoA to agent for closing
Rant/advice please. .. so I closed on the final sale of a flip on friday, and in my attempt to outsource and spend less time "in my business" and more time "on my buisness" I signed a specific PoA over to my listing a...