Karen Reyes-Arenas
Title company refusal to release “lease back funds” to buyer
Has anyone ever dealt with a title company refusing to release the funds on an agreed upon lease back. So both seller & buyer agreed on a (residential temporary lease agreement) so that the seller will have time t...
Joshua Thang
CMHA Section 8 Refuse to Pay Back Rent During Inspection
Hi Everyone,Does anyone have experience or frustration with CMHA not paying back rent during the inspection period? In my scenario, Sec 8 came out to do their inspection on the property around end of March but it didn...
Dana Sample
Income "add backs" for self-employed when qualifying for lending
Good morning!I'm a Tax Preparer in CA, and recently I've been getting more and more clients requesting to not take certain deductions on their tax returns because they want to keep their income high for lending purpos...
Clinton Keilman
Short term rental loophole (long term back to short term)
Hello,
I currently have a long term rental that I was thinking of converting into a short term rental. My question is am I able to take advantage of the short term rental tax loophole when I convert a long term renta...
Tammy M.
Transition Owner Occ to Rental and back to Owner Occ
We have a house we want to turn into an executive rental but eventually return to the property as owner occupied in Texas.1. Are there firms that specialize in executive rentals that anyone recommends in the Dallas/Fo...
Niraj S.
Buying a model home and leasing it back to builder
Hi everyone! Have any of you purchased a model home from a builder that they will lease back from you until their development is finished? Curious about your experiences. Would the fact that the builder is the tenant ...
Francis Philbert
I am back to settle a score with flipping properties
I started flipping new houses in 2003 in New Jersey and then Florida. I was then settling down so my wife and I bought 7 homes and started a vacation home rental business. The crash of 2008 did a number on us and we l...
Steve P.
Malicious Expanding Foam twice backs up sewer thousands in damages
I am the owner landlord of a duplex in which my tenant (he doesn't know I found his malice) took a can of expanding foam insulation with a long tiny tube and squirted it into the trap below the laundry room floor drai...
Mike Nelson
Can I get my EMD back? Wholesale deal from hell!
Listen I know I went about this the wrong way but this was a steal of a deal. With that being said heres the details. I sent 2k EMD to the seller of the property through paypal (dumb I know) the seller didn't want it ...
Mark Phillips
Tenant wants to set up own pool in back yard
Hi BP folks,One of my tenants, a good tenant, wants to set up a small pop up pool in the back yard. Are there any issues with letting them do this? Insurance, liability? Do I need to add it to my insurance, or do they...