Brie Schmidt
Medical Marijuana in IL and how it affects landlords
Thanks @John Weidner for pointing this out. Illinois is a medical marijuana state but we do not have dispensaries yet. But this was sent out in our Realtor Newsletter about how the new laws in place will affect land...
Angela W.
Texas Statute of Limitations Related to Title of Real Property
Texas Statute of Limitations (SOL) Related to Title of Real Property
While not exhaustive, below is a list of liens and judgments along with the Texas Statute of Limitations that may be filed or found in the real pro...
Hardy Hodges
CA FTB Penalties on Unregistered Out of State LLCs
Does anyone have practical experience with CA FTB catching unregistered disregarded LLCs, and how onerous are they on penalties? Since the LLCs are disregarded, they dont even explicitly appear on tax returns on Sch E...
Bob Malecki
Higher-Priced Mortgage Loans Impound Requirements
Well, this note biz always has a new twist thanks to the feds. We just got this email from our servicer in regards to a loan that we purchased which is a fully amortized, owner occupied, 30 year P&I note at 12% co...
Bruce D. Kowal
Being clever when dealing with IRS and State at the same time
IRS CP2000 Notice: Why Real Estate Investors Need to Think State & Federal
Quick story that could save you thousands in tax exposure...
Had an investor client who received a CP2000 notice for unreported rental i...
Greg K.
Negotiating a specialized deal with a major bank
I know it's quite common that when the owner of a property gives you full permission to negotiate on their behalf, you might find yourself in contact with some person, who is in turn, representing the interests of a m...
Kevin Wade
1031 Exchange Contacts- Maryland
Hi,I was wondering if anyone had any good contacts for 1031 exchange companies in MD (more specifically Montgomery county area). Thanks
Robert Adams
Nevada HOA liens do not supersede first mortgages
I know there has been a lot of discussion about the HOA foreclosures in NV since the 2014 ruling. I received this update on this issue from one of our hard money lenders today and thought I would share it with the BP ...
Joseph Duenas
Purchasing a foreclosure and previous owner won't leave
I'm in contract to purchase a house that was purchased over a year ago in a foreclosure auction by wholesaler/ investor. The right of redemption is up, and the current owner is selling it to me with a significant amo...
Vincent G.
How to deny qualified applicants?
Can someone please share experiences of denying qualified applicants? If there are multiple applicants who meet the minimum qualifications, how do we take the preferred one and deny the rest applicants the right way?