Kyle Hipp
duplex fire in the summer, is there any liability between tenants for damage?
I have an upper lower duplex in which there was a porch fire this summer. The lower tenant caused the fire in that a cigarette was the source of the fire. It was an outside covered front porch where smoking is allowed...
Jake Bourgraf
Land contract Seller Payback 80% if Buyer defaut
I just got off the phone with a seller who states that in a land contract, he would have to pay back up to 80% of payments to the buyer if the buyer defaults. Thus, he wants nothing to do with carrying the note. This ...
Josh Silvester
Has anyone bought a house with crumbling foundation???
Curious if there’s anyone out there that’s recently bought a home with a crumbling foundation. Specifically in CT it’s a hot topic so would love to hear anyone’s experience. Were you able to negotiate with the seller?...
Jayce Stewart
Shared Laundry - Electricity Charges
We own a duplex and the laundry is shared in the basement. We just identified that the electricity for the laundry is being placed on one tenants energy bill. In situations where laundry is shared, how are electricity...
Jolene Desmond
Your Commercial Property is insured. BUT ARE YOU? 3 STEPS TO TAKE
Insurance Loss proceeds can be some of the hardest to get reimbursed from your lender. I have seen loan documents that were written so that the investor had no possible way to ever access insurance funds - but they st...
Alexis Dubrow
Earnest money question from a beginner
Hello everyone,I just discovered Bigger Pockets and can't believe what a wealth of information this site is!I'm about to send out my first direct mail marketing campaign and have a question about the earnest money dep...
Josiah Collins
Keeping some of the proceeds?
Hello everyone!
I’m going to be listing a rental property within the next several days, and I came across a 1031 exchange question I hadn’t considered. There are some up front costs such as inspections and HOA docume...
Joshua Cetnar
Overlapping leasing legal?
I am currently renting as part of a temporary job. My work was to go from approx May 15 - Dec 15 so I signed a 7 month lease for an apartment. I was pro-rated for the first month so I paid for half of the month of May...
Marlon Silver
Inherited property ownership day of death?
If any CPA or someone that had similar experience could comment:The IRS understands the ownership of a property as the day of the death or the day of distribution?Question is pertaining to $250/$500k capital gain owne...
Julian Hamstead
Can a bank draft your account after closing?
We recently used a well known hard money lender, who secured a correspondent investor and then secured a bank loan on one of our flips. The entire process was riddled with challenges from the set up of the draft, pur...