Carl Fredrickson
Becoming an accredited investor
I'm still a while off from needing these answers, but out of curiosity...How stringent is the $1million net worth requirement to become an accredited investor? Is it to the penny, or is it more of a rounding thing (so...
Sam Leon
Are "roommates" a protected class?
I have a question regarding the Fair Housing Act's Familial Status.The intent is to prevent anyone from refusing to rent to or give preferences to people based on their family status...single vs married, with or witho...
Kimberly T.
Can you charge a different application fee for a married couple versus 2 individuals?
I'm researching PMs in other markets we're considering buying in, and have seen some PM sites with info for prospective tenants. When I look at their apps, I have seen some with the following type of set up:
...
Pat A
How to verify the legal owner of the property in wholesaling?
I saw a news that someone selling a house that doesnt belong to him. My question is in the wholesale deal how and when can I verify the ownship of the property? Is it after signing option to purchase? Or as a wholesal...
Ranjit Sandhu
4 plex MLS vs 5 plex Tax Roll
Showing this property to one of my client tomorrow. MLS shows 4 plex but tax roll shows 5 units, seems like 5th unit is burnt. Will it be considered commercial property then as these are 5 units not 4? MLS states 4-un...
George P.
Witnessed myself
Pre-screening prospective tenants in Baltimore County, Maryland
Matthew B.
Direct Mailings: Real Estate Licensee Disclosure
I am a real estate licensee in the State of Florida. My question has to do with disclosure of my licensee status when doing direct mailings such as yellow letters.
As far as I know (I'm going to ask my Broker to be s...
Jasmine Claye
Appraisal Question!!! Need quick response PLEASE :-)
An appraisal was recently done on a townhome for which I am currently under contract. The Appraiser listed the townhome property type as a PUD (Planned Unit Development) and now I am curious to know where the Appraise...
Summer Noyes
Can I deny a couple because one tenant has poor credit
I'm currently screening applicants for our first rental property. I have a couple that applied. His credit and background is great. Hers is horrible. Can I deny the whole situation because of one applicant (I"m in Cal...
Rick Bassett
Arms length transaction question
I am setting up a LLC for property management. The LLC will manage my properties, which are single member LLC's as well as well as properties for other owners.
My plan is to have my property management LLC collect a ...