Villy Ellinger
Loss of use insurance claims for vacation rentals -- any luck?
Has anyone filed loss of use claims through your insurance for vacation rentals impacted by the Covid-19 situation? Has anyone had any luck so far? I filed on two of my larger beach-front units. The governor of FL sus...
Mary Beth Blackwell
Guests asking to Cancel due to Bad Weather?? Here’s a script…
I’ve been hearing host mention guests are reaching out to rebook or cancel their reservations due to bad weather. Some hosts are asking for advice on how to handle… If this is you, here’s a script I use…. you may want...
Bob Malecki
Advice sought on balloon note modified in 2012 re Dodd Frank
We purchased a first position note on a home in WA which was a hard money originated note originated in 2007 with a balloon due in 2008. The previous note holder modified the loan with the borrower in 2012 and specifi...
Kathleen McCabe
Dallas M-Streets - Converting a detached garage into an ADU
Hello! I live in Dallas TX. My friends has a home in the M-Streets with a detached 2 car garage. How do I find out if she is able to convert that into an ADU / mother in law suite? The home is technically in "duplex z...
Zach Tarwater
401k withdrawal, cares act, overnight rental
Will loss of rental income from my overnight rental qualify me for the penalty free 401k distribution? I had two or three months of less than average rentals and one month of no rentals due to Covid travel restrictio...
Victor Morales
Owner Filed for Bankruptcy foreclosure sale was conducted
I am studying following a foreclosure auction case. A foreclosure sale was conducted and the bidding winner got a Certificate of Sale Issued on 07/06/20
Defendant/Owner filed for Bankruptcy on 07/03/20, the suggesti...
Hersh M.
Whats your take on this? Rates, sales, etc
1. So home ownership rates made a new all time low. And the rate is falling fast as seen above. 2. As per bankrate.com, 30 year home mortgage rates made a new all time low. Doesnt look like rate decline is going to st...
Rey Orinion
Need a quick advice, deal is closing in 10 days!
Hi BP investors,I have this townhouse(short sale) under contract since August of this year. I got it under contract for $163,000, plus I have to pay the following out of my pocket:$2,251.89 = sewer capacity$ 651.27...
Ming Wan
California eviction moratorium extension
The statement from Newsom's office is here: https://www.gov.ca.gov/2021/01...I do not believe this has been approved by the legislature yet.I've linked 2 other interpretations of the extension proposal belowhttps://ab...
Brian M.
Question on the depreciation deduction.
Question on the depreciation deduction. My ex and I purchased a Multi-tenant house 20 years ago. During this time my ex and I rented out the studio, lived in the house and claimed depreciation on it. After 20 years I...