Jacob Fotu
Studio in Townhome basement?
I just recently purchased a townhome in Lehi, Utah. The basement is unfinished, and about 600 sq ft.I could share the garage with a tenant and turn the basement into a studio apartment with a kitchenette (creating two...
Corey Dutton
Whistleblowers Confirm Bank of America Still the Worst Bank
According to a recent article published by the Huffington Post, former employees of Bank of America have filed sworn statements about the bank’s unethical conduct toward borrower’s seeking loan mods or due process on...
David Brauner
The Man Who Blew the Whistle on Countrywide - Kyle Lagow
Hello everyone,
My magazine, WorkingRE has done a great interview with Kyle Lagow - the man who blew the whistle on Countrywide that they were involved in Fraudulent appraisals. He sheds light on some of the unethica...
Michael J. Rifenburg
Should I pay ALL DEALS in pipeline to outgoing Acquisitions Mgr?
I worked as an acquisitions manager for a big real estate wholesaler. We did 10-20 deals every single month, like clockwork. Profits were $10k-$20k per deal. I was responsible for at least half of those deals.I had t...
Eric M.
Very interesting article for those who think "Strategic Default" is safe.
http://www.chicagotribune.com/classified/realestate/foreclosure/sc-cons-0913-strategic-default-20120913,0,4134066.story
I think it is particularly interesting how they indicate that they will pursue you for "abusing"...
Nathan Gesner
L.A. Creates New Law, Bans Tenant Harrassment
https://www.latimes.com/califo...Here are some interesting activities that will be banned, along with my comments:Deceiving residents about whether they are required to move out (what is "deceit"? If I tell a tenant t...
Sam Fong
Tenant screening and Church is paying for his rent
Hi BP,
I am currently in the process of accepting applications to rent out one of my units. One of the applicants who applied is a very polite young man who is married with 2 young kids. He works at a local c...
Debasish Bhattacharjee
Rental repair invoice without tax id - is valid for tax return?
I have a rental property improvement invoice with no tax id. The handyman refuses to provide his SSN. The worth of repair $5.5K. Is the receipt valid for next year's tax return in California?
Quinn Kiet
Were "kick backs" commonplace as anecdotes make th
Not talking about the YSP or Origination that's disclosed on the HUD, but just plain ol' fashion cash under the table or "gifts" on your front door type deals.
Blogs and forums make it sound like every top producin...
Jonathan Robinson
Owner financing (buying)
I am looking at a property, tax valued at 25,800.
The owner is selling it for 38,000. Owner financing with a interest rate of
3.5%. 2,500 down payment
Me and my business partner have ran the num...