Steve Kresse
Landlord providing pest control. Lease language?
I have a SFR property in good neighborhood. I would like to include pest control as part of the Lease. I have a pest control company that would charge me $500/year and provide preventative pest control with unlimited ...
TJ Joseph
What is the best way to approach this real estate transaction?
An acquaintance has a house that is currently listed - the listing agreement terminates at the end of April. He has not been successful selling the house because they overpriced it. He paid substantially more than the...
Asher Carr
HOW TO JUSTIFY NON-REFUNDABLE DEPOSITS?
Hey evet,I'm at work and out of no where I had this thought. For a rent-to-own property, is a non-refundable deposit ok? Though the buyers are not obligated to buy the property at the end of the term, should the upfro...
Kimberly Jones
Lease Purchase and the $8k tax credit
Anyone out here thought about doing a lease purchase? It has recently come to my attention that the 8k tax credit works on lease purchase deals as well as straight up purchases.
We were quite surprised so I thought I ...
Richard Margherita
california tax
Can anyone tell me about the tax obligation for a checkbook ira? I know that real estate purchased from all cash proceeds, is not taxed on the rental income, from the feds, but I dont know the obligation of franchise ...
Robert A. Klein
Tenants wants to break lease before lease term ends
Hi, just joined Bigger Pockets a couple weeks ago. Been looking around the site, checking out the posts, webinars, etc. I have three rentals. One of my tenants called this week saying they may want to break the lease ...
Steve S.
Concrete slab back patio showing cracks. What to do?
I’m noticing the cracks in the slab seem to be worsening. Any suggestions on what can be done to help keep the slab from becoming uneven?How much would it cost?Picture included
Steven Williams
Statute of Limitations Expired on a Second Mortgage in California
Hello BP Family,I'm trying to close on a deal in Fairfield California before the primary mortgage holder forecloses on the property sometime next month. I'm able to offer about $25k more than the payoff from the prima...
Sam Hudacek
Will a Subject-To property count towards DTI?
I recently closed on a Sub-To deal, I took over the mortgage payments for the seller while the loan stayed in place in their name.Going forward, if I were to buy another property with traditional financing. Can I use ...
Jon P.
Oil Tank Reimbursement
I am in the process of having a tenant move out of one of my 2 families in Eastern Massachusetts. He asked to be reimbursed for the remaining oil that he had paid to put in the tank. I don't believe I have any obli...