Chris Bingham
No tax when selling if primary residence 2 of past 5 years?
I always believed that the rule was that if I owned and lived in a property as my primary residence for 2 of the past 5 years that when I sell it I would not need to worry about paying federal taxes on the gains if it...
Shahid Iqbal
Seller backs away - 'specific performance' possible?
Hi Pros,
I can use your guidance here.
I have scenario where buyer signed a contract to purchase a piece of land here in Texas held by a trust. Contract is using standard 'TREC Unimproved Property Contract' with sel...
Account Closed
Split Level Rented Like a Duplex Strategies
Hello BP,
Does anyone have any experience renting a split level home separately like a duplex? I can think of numerous reasons why it wouldn't work but I wanted to see if anyone has. If so, what was your su...
Shannon Gauthier
Built-in Late Fees as Part of an Illinois Lease
I own one property in the state of Illinois, a single-family home currently being rented. When our tenants renewed their lease, they were having financial issues and, having been there ourselves, we were sympathetic. ...
Michael Herr
Removing utilities from my name
I have gotten myself into a bad situation: utilities are still in my name months after tenants moved in.
I do understand the error and how to avoid it in the future: please don't tell me what i should have do...
Mateusz Sokol
Debt to income ratio
Hey BiggerPockets community! I’m an investor in Philly with 2 rental properties (3 units). I have a mortgage through Wells Fargo for one of the properties and I’m going through them to refinance that property. The pro...
Alyssa Lebetsamer
Who determines if we have a mold problem?
I have a tenant writing me to say that she has mold growing in her attic. She sent a picture and it doesn't look like mold to me. It looks like paint splatter. I have my handyman going out there to work on some issues...
Ying B.
PM Not Comply with Owner Requests (Eviction/Part Payment)
Property in Georgia. Tenant was late in May (paid May 19). Tenant did not pay in June. Demand Letter (Pay or Quit) sent 6/13 asking full payment using certified funds. In Pay or Quit period, Tenant paid only $400 ...
Theorun Maxwell
Tax certificate Alabama
The House Bought in tax sale .House is up for sale .Call the agent ask her to remove the sign and listing and Lock box on 6-30-17 .How long Should i Give the agent to removal sign listing and lock box.What are my opt...
Mary Jo fuhrer
Minimum expenses paid by tenant
Does anyone put in their lease agreements that the tenant will assume the costs for any minor (under $35?? 50??) repairs in the unit? I'm wondering about the line between landlord/tenant repairs. Thanks.