Abhishek Maloo
Buyer Backing out on 26th day after waving all contingencies
Hey folks, This is my first question on biggerpockets. I am selling a property in Bay Area California. Buyer wrote a clean offer (waived all contingencies) on day 2 of the contract. buyer was supplied prelim title rep...
Kent Renshaw
Besides filing a Memorandum of Agreement, how does a contract buyer protect contract seller from mortgaging the property. And if they do, who is first in line?
Scenario: Contract buyer and seller enter into a Contract for Deed. Buyer immediately files Memo of Agreement in the situs county. All goes well for two years and Seller applies for loan. Mortgage Lender realiz...
Jenna Barnes
I am starting in property management and I’d love some advice
Hi guys! I am wanting to start investing ASAP and I have recently started a property management position. I am 18 and in the process of getting my KY real estate license but I really want to go ahead and invest. I hav...
Denise Evans
Pricing the Short Sale Offer
I'm a former banking lawyer, and former lawyer for the FDIC closed-bank division. I can tell you, from the inside, how banks evaluate short sale offers. Since then, I've successfully negotiated many short sales to buy...
Prateek Bansal
HoA violation fines
Hi, I was charged $2000 HoA violation fines and now a debt collector has started sending me notices.I was never notified of these violations (removing pallet board from backyard and repainting the home) in time as the...
Joel Fine
"Complaint resolution" clause: would like feedback
Hi,I'm looking for some feedback from the Bigger Pockets community.I'm looking for a Property Manager to manage a rental property I'm buying in Texas (my first).I found a local Property Manager with a stellar reputati...
Handel Carter
Property line dispute
I got a letter from a lawyer that part of my driveway is on his clients property. When I purchase the home, the driveway was paved. Has been for 30yrs I’m told. The letter says my options are return to prior state, wh...
Vikram C.
MH Park vs Apartment Building
Guys, how does a mobile home park compare to an apartment building as an investment? I was wondering about the following:
1. ROI. I have seen Jim do an MH park valuation with a 12% cap rate whereas Jon H has done ...
Bruce L.
Tenant is taking me to Small Claims Court - Help
So, my tenant serve me with paperwork that he wants me take me to small claims court over his $1200 security deposit, after all repairs were made, I gave him back $250, but he wanted pretty much all of it.
Could anyo...
Alfred Bell
Is Private Lending An Activity That Is At Risk?!
I'm very unhappy to hear that Dodd/Frank, the SAFE Act, and who knows what else is in the works, is legislation originated from the banking lobby (in cahoots with the governement) aimed at knocking private and small l...