Back in the day when things used to be civil, you could sell a home that was occupied by a tenant. But in today's environment, it is better to wait until they vacate, and then put the house on the market. Here's why: The elevated urgency of today's market causes a...
Real Estate Investing
Build Your Own
Can't find the perfect home? Have you thought about building your own? Hearty thanks to Josh for answering the basic questions about his project, and building your own custom home! And financing is available! P.S. I use the term 'stinking' with great affection. ...
Property Management Fraud
More Team 10 coverage on the fraud being perpetrated by Kelley Zaun and Carousel Properties. Zaun claims that the reason she hasn't forwarded any of the rents she collected to the rightful homeowners is because she got sick, then had a software snafu. In the story...
New Limit Proposed on 1031 Exchanges
Hat tip to GM for pointing this out - did you know that the Obama Administration has been trying to modify the 1031 exchange rules? Potential sellers of investment properties are already paralyzed by the thought of the excessive taxation by federal and state...
Property Manager Embezzlement
I know one of the victims, and she was told by the owner that she would be paid in full today. We'll see.... http://www.10news.com/news/team-10-homeowners-say-property-management-company-owes-them-thousands Homeowners in the North County say a local property...
Vacant Home Occupied by Squatters
Hat tip to Susie for sending in this story from Potato Land! The list price for the house was $134,900, and the photos on Zillow made it obvious that the house was vacant: http://www.ktvb.com/news/local/couple-fights-to-evict-stranger-from-nampa-home/128686427...
Landlord Woes
http://www.latimes.com/local/california/la-me-0323-saudi-party-animal-20160323-story.html Over the years, neighbors accused Danny Fitzgerald of leasing his Hollywood Hills homes for loud parties. He said they had nothing better to do and suggested they "go to Palmdale...
Reasons Why Parents Should Buy for Kids
The cost of housing is already outrageous – should parents buy a house for the kids while they can? Here are reasons why they should!
Communal House Flipping
The building of the next bubble won't look the same as the last one, but a common thread will be lenders who are hands-off. Hat tip to daytrip for sending in this story about crowdfunding for flippers:...
Golf Courses in Transition
A story with great examples of golf courses being closed across the country, and many being turned into real estate developments. From the nytimes.com: BOCA RATON, Fla. — Weeds, crabgrass and fallen palm fronds cover the wildly overgrown greens of what was once the...