Cheryl C.
Don't you already have enough money that you didn't earn?
I was in landlord tenant court this morning to evict a tenant. She hasn't paid Sept., Oct., and now November. I got an e-mail after I got back home. "People like you make me sick". "You've ruined several lives". ...
Channing Huntington
Split 121 tax exclusion and 1031 question
I am in a situation that seems well-suited for a home sale with capital gains that are split between the section 121 primary home capital gains tax exclusion and a 1031 exchange for rental property:
Spouse and I ha...
Nathan Churchill
Can I write off my fence install?
Hi, I'm wondering about whether or not I can write-off an expense I had this year. I purchased a property last year and it didn't have a fence, because the previous owners took it down (and to their new house, I assum...
Bienes Raices
Termites in REO
I made an offer on an REO (bank never responded, so we were planning to resubmit) and then the agent discovered an inspection report that shows evidence of termites.
Has anyone here ever just lowered their offer amou...
Will Browm
Newbie trying to choose tenants - help
I have my first two homes rehabbed and marketed for rent. My first has two separate families interested. Trying to decide; probably a no-brainer but I am asking for advice.
1) Family one - Mother with two kids, mov...
Michael Modesto
LLC Formation for a Californian Investing Out of State
Hi all.I'd like to get your thoughts on forming an LLC, from folks who have done this before. After review, I've determined that I want to set up an entity to hold my investment properties to add a layer of protection...
Nathan Gesner
Have you set an occupancy limit on your rentals?
I received an inquiry from someone wanting to view a 1bed/1bath apartment with 452 sq.ft. It's very clearly labeled and described, plus the pictures make it clear that it's a small apartment. Here's the kicker: her an...
M T Naughton
Good Deal? - Property in Austin, TX
Hello,
I hope everyone is well!
I'm in the middle of closing on a fairly large property in a fairly central part of Austin, TX. Since I still have 8 days to make a decision, I thought it would make sense to share...
Bob Malecki
Loan mod for borrower who quitclaimed property
We have a NPL on a SFR property in Illinois with a foreclosure sale date next month. Borrowers finally came to the table for a loan mod earlier this month (they have been disputing the debt for a few years). They subm...
Cameron C.
Lying About Primary Residence for a Refinance
BP,I have a situation I want to run by you to A) see if I'm doing anything wrong and B) understand if I should've taken action earlier...January 2017 - I purchased a home in Pittsburgh with a 5% conventional loan as m...