Tariq B.
Seller Agent Messed Up Coubter Offer Price
Hello all,I have been back and forth with negotiations on a place. Seller agent responds back to my counter " we will accept $33,500." So we wright up the acceptance of 33500 and sent it their way. Now we get a respo...
Steve B.
Reporting casualty loss (4684) for rental property
I hoping to get some help here on filing a form 4684 on my tax return for a casualty loss to a rental property. Basically what this is if I understand it correctly is when there is a major insurance claim on a propert...
L Smithers
Help what exactly is Prohibition and Risk of Loss of contract?
RISK OF LOSS:If subject property is damaged prior to transfer of title (any, Buyer has the option of accepting any insurance proceeds with title to the property in “as is” condition, or of canceling this contract and ...
Carlos Martinez
Seller postponed closing till Jan 1st for his tax purposes
Hello everyone. I posted a few weeks ago about a 4 plex I was planning to put an offer in. Refresh, 4plex in NM with very low rents ($375 for 2bd 1bth) and asking price of 174k. I am going to use my VA and I will oc...
Eric M.
Short Sales Are Hot but They Also Incur Risk, Loss
This is another good short sale article entitled Short Sales Are Hot but They Also Incur Risk, Loss" from Mortgage Servicing News. Requires log-in...but free.
Some good bits:
-400K Short Sales a year. Over half in ...
Dan Ross
we're getting screwed!! WE NEED HELP!!!
my wife and I are trying to buy a short sale. We made the highest offer (full price), we were the 1st offer in and have an escalation adendum to bring it up another 12k. The realtor convinced the selling family to c...
Ganesh Rao
How little is too little ?
For a rental condo 2bd 1 ba, how much insurance coverage is too much? What's the minimum amount?
Everett Marshall
HELOC to be used for funding rental property fell through
My home is mortgaged with QL, even i got the property almost a year ago, i asked the loan officer how soon could i do an HELOC he says 6 months, next month makes a year. I called the other day to get the ball rolling,...
Tiffany Kelsey
Dismiss eviction if tenant pays rent? Moving out on 4/1
M2M tenant has not paid March rent and plans on moving out. After I served 3 day pay/quit notice tenant tells me on 3/22 that she will be moving out on 4/1 and will try to get rent to me ASAP. So technically owes M...
Trenton Brown
Renting out my unit (first time!)
Hey all! Moving to TX, leaving my duplex and filling my unit. Any pro tips / mistakes to avoid before I leave and fill the space with a new tenant? Planning to self-manage remotely / family in town close by in case of...