Sergio Aguinaga
Lease extension renewal question
Hello All,I have a simple question. I had a lease that started January 15, 2019 and it ended January 15, 2020 then I extended it until April 15, 2020 with a lease extension form. However, with COVID-19 happening, I co...
Shawn Blake
Strategizing for possible housing bailout
Hey!Recently came across some whispers of Biden possibly bailing out the housing market by allowing forbearers to extend their mortgages for an additional 40 years (basically anyone can claim they were impacted by COV...
Yashar Fred
Closing , inspection and option period
The house I am about to purchase has been running some repairs that now the seller believe can not finish till the option period extension. His estimate is to be done with the repairs till closing date , basically we ...
Gregg Reinbold
Early distributions from retirement plans related to COVID-19 tax
Any thoughts if the tax exemption for early withdrawal that ended in 2020 will be extended?
I will be 59.5 in five months, but I could use some money from my IRA before then.
The 20% tax for early withdrawal is t...
Shawn S.
Insurance minimums
Right now I only have 300k scheduled for liability on the first property we are closing on. I could pay $55.00 more per year on a $700.00 policy to up that to 1m. I'm thinking this is a good idea. I am being tol...
Tim Hem
Capital Gains and IRS Publication 523
Looking for some opinions on a recent home sale and possible capital gains exemptions.
In short, I purchased my primary residence in 2017. I resided in the home until summer 2020 (total 2 yrs 9 months) and then depl...
Mike Cartmell
Where to go next if option is not exercised?
I have a tenant/buyer who will not be exercising her option. I have already extended her lease once and have told her that I will not do so again after this lease expires.
She is a great tenant but my overall goal...
Jerry Alvarez
Help! Can’t get appraisal done in time, San Antonio TX
My wife and I are trying to buy a home in San Antonio, and are supposed to close 4/21, but there are no appraisers from AMROCK available to get it done in time. We understand that worst case scenario we just extend th...
Hadiya Coppedge
Mid Term Rental Tenant Morals over business?
How do I tell my current tenant that she must move out after she expressed interest in staying?I operate a 3 bedroom 2.5 bath townhouse as a 3 door MTR with options to rent the entire unit. Atm, I have a tenant there ...
Kedian Jimenez
How to fund a deal with a mortgage already
Hey there bigger pockets!Hope all is well! Just want to come on here and air out some of the challenges my team is facing and wondering what everyone else did when they ran into something like this. We currently have ...