This is my first post so I’ll try to keep it as succinct as possible. We’re in contract to purchase a 4-unit in Columbus, OH. About 2 weeks after our offer was accepted, my bank called and notified me that they discov...
Good Afternoon BP,
Have (an inherited) tenant behind on August's rent by $175. This tenant also did not pay for September's rent for $875. We sent out the 5 day right to cure on Thursday 9/3, so we would be looking t...
Hey everyone, I talked to a laywer the other day that told me under new federal regulations you still have to release the names of the stakeholders. I thought I would have heard about this if that was true. Is this tr...
I just received this from my Realtor and though it might be interesting to many of you.
Effective, August 1, 2013, if seller’s mortgage is FNMA or Freddie Mac conventional, property must be marketed for minimum of f...
In order to get an FHA loan you must live in the property for a year. If you get a non family member to cosign for you, they also must live in the property.
My question is this, how strict are they? Do they check up...
Hello all, I spent the last hour or so typing up my screening criteria for anyone that will applying to be a prospective tenant for my rentals. I have great inherited tenants now (knock on wood), but I would like to ...
If you are involved in any rentals/investments in the San Diego area or if you are thinking of getting involved make sure you have kept yourself up to date on all the new laws.Better to know the law before finding you...
I'll make this as brief as possible. I purchased a waterfront investment lot for $300,000 in 2006. It was part of a 1031 exchange. It is now worth $90,000. There are plenty of comps and the bank's appraisal was $90...
I have a house that I'm working on that has an addition on a pier foundation. I'm trying to come up with a way to seal in the foundation perimeter, similar to manufactured housing skirting. I'm trying to find out if...
For owners of rental properties wishing to avoid the passive loss rule (earning over $100k), you must work two hours a day related to the business e.g. renovating, searching, buying, etc. How about maintaining a websi...