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Results (763)
Elaine Bonini Nightmare Title Company/Assignment of Contract Story
25 April 2016 | 14 replies

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...

Joshua Hollandsworth Owner Occupant Loopholes
25 April 2017 | 18 replies

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...

Lee Nguyen VA Home Lenders Handbook
25 July 2017 | 9 replies

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...

Ali BenAyed Strange Tenant request to repair dishwasher
15 December 2019 | 8 replies

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...

Account Closed RV Office Write off. Is it a TRAP?
11 April 2024 | 10 replies

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...

Chris Sullens Are all costs prior to placing a tenant considered purchase cost?
10 August 2023 | 43 replies

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...

YiBing T. Can I get outbid while under contract? Options?
17 July 2018 | 30 replies

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...

Corey Demuth Best option for mortgage when buying rental to hold in LLC? (NY)
24 July 2015 | 16 replies

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...

William Devine Start my own mortgage company for mobile home financing?
16 November 2017 | 25 replies

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...