Michael Nahm
What can I reveal as reason for denial?
I recently had to reject a potential tenant due Their credit report, specifically, a couple of accounts are in collections.In the message I sent, informing of the denial, I simply wrote that the denial is having to do...
Ken Rishel
Courts are Speaking on using MLOs and others as "Fronts"
Here on Bigger Pockets it is very popular to suggest that one can make loans through MLOs and avoid any responsibility for licensure and compliance. I have held that since January of 2014 that that is likely a very da...
Patrick Britton
RCW 61.34 and similar acts in Oregon, Nevada and California
As all wholesalers in the state of Washington know or should know, RCW 61.34 is the Distressed Homeowners Conveyance Act. In short, this act basically forbids wholesalers to deal with owner occupied properties. Whil...
Roee Agami
Rebuild or take down a 3 decker back porch?
Not sure if I picked the right forum for my question:I own a 3 unit brick building in Boston. Inspection showed the wooden back porches need some attention.I got quotes to rebuild it for 15K$ or take it down for ~6K$....
Samuel Ksiazkieicz
Florida short sales, have to be mortgage broker/realtor now?
I will be moving to Pensacola in a month or two and just received some annoying information. According to several people I know there, starting January 1, Governor Crist made it a crime for anyone who is not a mortga...
Aaron Signer
Existing Tenant Terminating Lease vs Signing with New Landlord
Just purchased an occupied triplex in Indianapolis, IN. One of the tenants is not going to renew her lease at the start of the month and as such, has not signed any paperwork with me. The former owner/landlord has not...
Fred Halimi
Subject To / Sub-2 / Lease Options - Legal in California?
Hi,I am looking to start a Subject to / Lease Option business in California. I was advised by an attorney to look into the "Foreclosure Consultant Laws" which may cover these type of transactions.Is anyone doing Subje...
LuAnn Vigen
purchasing a meth house
My brother in law just bought a house from a private party, he plans of flipping the house. The house is full of used needles and he thinks (doesn't know for sure) that meth was used in the house. Is this a problem o...
Andre Andronik
HELOC against rental property
Hello everyone. I am new in this business... i have a rental property which is almost completely paid it off, appraised at about 110k... my question to you guys if anyone aware of any financial institutions in NY stat...
Ryan Leake
Trying to make sense of residential STR regulations in Austin, TX? Here's what I know
Current status of residential Austin STR regulations:STRs must continue to be licensed, as the City of Austin will continue to enforce STR regulations[7]. In 2016, the city stopped issuing new non-owner occupied STR l...