Abhishek Maloo
Buyer Backing out on 26th day after waving all contingencies
Hey folks, This is my first question on biggerpockets. I am selling a property in Bay Area California. Buyer wrote a clean offer (waived all contingencies) on day 2 of the contract. buyer was supplied prelim title rep...
Wei Xie
Accepted payment types
I have another question about what payment types you accept. California law prohits landlord force tenant to only pay by ACH transfer. As I live 1 hour away from my rental property and work full time. I am wondering w...
Maria McCreless
Trying to Prevent an outbreak
Hi all. I currently manage three apartment complexes, SF, and some commercial buildings. The largest apartment being 176 units and totally units around 350. I am trying to prevent the possibility of spreading or out...
Account Closed
SoCal properties do not cash flow... what to do?
I have probably looked at hundreds of MLS listings over the past couple of years. Interested in acquiring another residential multi-family (2-4 units). Rarely if ever do I see anything that cash flows. Gross rents ...
Paul K.
Raised rent 3 months ago starting May 10th
Hey BP community,
I raised rents by 6% on February 1st taking effect starting in May. Now Corona has hit and one tenant says she can't pay and the other just paid the the old amount. Question is should I still enfo...
Eric Jones
Conditional applicant approval with adverse action
I have an applicant I am considering conditionally approving due to a bad credit score. The condition is a higher security deposit. I know I have to send an Adverse Action notice, but I imagine the applicant will ask ...
Brian Essex
lender recourse if condemned?
Does anyone know if a lender has the right to recourse if the home suffered from a natural disaster (flooding) and is now condemned? My investment property can be short sold for only the value of the land and this wi...
Jonathan Gruber
Real estate professional while using management company for short term?
Can you still be considered a real estate professional while using a management company for AirBnB? I want to use the losses to offset my W2 income. Thanks
Matt Wilson
Our house didn't sell... what now?
Our market wasn't bad at all back in April/May. We listed our home for $339k & got a cash buyer pretty quick at $330k. Ten days before closing, our water heater leaked in the attic and our buyer bailed. We got ...
Adam Roberts
Quickbooks & property appreciation
Team - has anyone (who uses quickbooks) been told by a CPA to hold their property values steady (i.e. original purchase price/value) in their books around tax time? It would be nice to have an accurate picture of tot...