Allen Bo
Incorrect measurement of property lot in County records
I started the remodel process with a GC of the property I own and the first thing they did was to measure the property lot.It turned out that the county record has 6-ft less width for the lot than the actual length th...
JJ Cole
The 2% rule yet again - parameter seems incorrect
I have the read the 2% rule as the rent should be 2% of the purchase price. Wouldn't be more apt to frame this % rule in terms of the mortgage on the property?
One could put 25% down instead of 0% down and cash flo...
Michael Litle
BP rental calculator showing too incorrect cash needed...
I put in a negative amount to represent seller credit to closing and wonder if that's why.The purchase is $434,500 and I need 10% down + about $12,500 in closing (without the $15k closing credit) and estimating $23,50...
Race Jeet
How To Handle: Realtor provided Incorrect HOA Amount
Hi everyone,
I need some advice. I recently closed one of the property deal. During my property deal process I had provided information that the monthly HOA amount will be $100 (mentioned by listing agent on brochu...
Brett Dawson
Out of state rental property past taxes filed incorrectly
I currently live in the Cleveland, OH area and I have an out of state rental property in Chicago. After becoming a student of BiggerPockets, I think my depreciation and some other deductions haven't been filed correc...
Brien Ables
Info in the Property Condition Disclosure Statement is incorrect
I am purchasing a property and have come to find out that the info in the property condition disclosure statement is incorrect. The seller has the HVAC system listed at 6 years old, and I have found out that it is 18...
Carrie Mims
How to fix incorrect square footage and bed/bath
I'm under contract for a home in Tampa. The county appraiser site shows a square footage and bed/bath that does not include the enclosed garage. Home was built in 1956 and it appears this was done at least 30 years ag...
Stephen D.
Sold Rental. Title company incorrectly estimated taxes on HUD
As stated above, I sold a rental in August, paid the estimated taxes at closing, and now buyer has come back asking for an additional $1,000 based upon the properties 2016 actual taxes. Am I liable for this?The proper...
Michael Cai
Under contract on a house with Incorrect listing information
I'm under contract on a townhouse in North Atlanta, listing has $155/mo on MLS but HOA just notified us HOA fee is $292/mo, which is a big difference. Under Georgia law or RE commission rule, can buyer cancel contract...
Mike V.
How To Handle: Realtor Gave Incorrect HOA Amount Presale
Hi everyone,I need some advice. I'm in escrow on a property in Hawaii. The property will be a vacation rental in a major tourist area and has two HOA associations. For simplicity, lets say one is $1200 a month and ...