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Hi All, I just wanted to share a situation we recently went through at a Title company in Solano County. I got a property under contract, and drove straight to a Title company that I had previously called to verify wo...
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I am just curious to see what can legally be done.
I've been pre-approved for an owner occupant FHA loan. My loan officer said that there is no specific time period I must live in the house, but I have to live there...
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Hey BP,So I started reading the VA Home Lenders handbook since it's kind of required that I know that as being a loan officer and all as well as catering to military families,I found some interesting stuff. I actually...
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Hello,
This tenant request to repair dishwasher is strange to me, and I need more opinions about this. Backstory: I lived in this house more than 2 years and I used to use the dishwasher almost everyday with no prob...
Tax season often leads to creative interpretations of what can be considered a deductible business expense. However, a recent case highlights the importance of thorough documentation and substantiation when claiming d...
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So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...
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Hello BP Community, I'd like to get your opinion on a situation. I found a property that was marketed for sale while I was on a home inspection of another property just a few doors down the street. I contacted the sel...
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I am trying to buy a SFH to rent out. I am running into a problem where residential lenders don't want to let me take title into an LLC (even though I would personally guarantee the loan.)OK.So I talked to some commer...
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I am about to solidify the purchase of a fairly sizeable mobile home park in Northern Illinois. I'm thinking about the possibility of also starting a separate mortgage business so I could offer financing for those who...