Any advice on how I can collect $$$ from my property management company? I'm in California PMC is in Illinois. I thought about small claims court but the total amount owed to me is $990. By the time I fly out etc. it ...
Wanted to share this with people as there is a correct way and an incorrect way to communicate. Many people will buy a list and start to email and text message those individuals. Did you know that fines can be $500+ f...
Hello all,I setup an account with erentpayment.com today. It seems like a good service. However, my only issue is with the deposit to hold payments and the initial move-in payments. I would like to have tenants pay...
Found a 3 BR 1BA bungalow style home in Richmond. I'm submitted my first offer today.Sq Ft = 1,018List Price = $65,000Initial Offering Price = $32,000Max Limit = $40,000ARV = $125,000Realtor Fees = $7,000Closing Cost...
I have read from several sources that RE investors MUST use the cash accounting method. Our CPA says this is not true. If the state is important, we are in SC. Can anyone confirm this one way or another? To give i...
Closing a loan in a few days and as usual there is a Assignment of rents agreement. But this sentence, which I see in every assignment of rents agreement, pisses me off.
LENDER'S RIGHT TO RECEIVE AND COLLEC...
Hello. I am a resident of Jackson Mississippi. And the answer is YES. I received my check of rental assistance on the 26th of August. However, I applied on the 13th of July. They are slow and they always tell you some...
Tax Question (two scenarios) - Question builds so please read all three bullet points and provide feedback:
1) Capital Gain – seller purchases a property for 40K. 20 years later property is fully depreciated and se...
Hello BP
I am new to the Bigger Pockets Forum and also received commission to become a notary public in the state of Georgia. My question is can anyone who has knowledge on the subject advised what steps I can take t...
I purchased a duplex in California with tenants in place. Seller disclosed leases and may have kept half of deposit. The lead agreement I received shows see original lease for amount t of deposit. I didn’t read this s...