Hi, I am a super newbie here studying for my real estate license. I have an odd question about realtors who also own rental properties. Can a realtor put commission checks from other deals towards the mortgage on thei...

I recently decided to add a deadline penalty for a contractor that does not meet their agreed upon project completion date. Would a budget penalty be appropriate as well?I know many contractors will underbid a project...

I don't ask much here (and I assume the few times I do, start with this statement) but I'm curious:   For those of you that have closed out the books on a property that had a prepayment penalty, how did you do the acc...

Should I have a penalty if the property manager doesn't fill vacancies? If so, how would it work? Should I withhold the management fee if a unit stays vacant for 2 months, etc? 

Hi all,I have a three-unit property where I allow approved pets. Tenants in two of the units have dogs. There are no private yards on this property. My Pet Agreement says, "Tenant agrees to clean up after the pet and ...

Hello,
What is the normal penalty for a tenant seeking to break the lease early? 
Thanks!

Hello everyone! I was sitting here wondering what’s the best way to do this. I’ve just completed my flip house and am walking away with a decent profit approximately $50,000. My question is what’s the best way to take...

Hi BP, I am in the process of bidding on a HUD home and applied for an investment conventional loan pre-approval. After receiving the pre-approval I was informed that I can't flip the property and I would have to hold...

I am trying to figure out the best way to handle an unapproved pet. I actually allow 2 dogs for a single family home rental (3 bed/2 bath). A total of 3 college students live at the house. I have a $200 pet fee and $2...

Hello all, new to the boards here, I have a question re my IRA and tax penalty -  did a 50K draw (60 day rollover) from my IRA (Traditional) to cover some credit card debt and medical bills and had planned to redeposi...