Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
Followed Discussions Followed Categories Followed People Followed Locations
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Account Closed

Account Closed has started 12 posts and replied 280 times.

Post: When to have tenants fill out an application fee

Account ClosedPosted
  • Attorney
  • Sacramento, CA
  • Posts 300
  • Votes 172

Application fee is non-refundable and paid directly to a third-party.

Post: Sacramento vs San Diego

Account ClosedPosted
  • Attorney
  • Sacramento, CA
  • Posts 300
  • Votes 172

Sacramento also has a restrictive AirBnB ordinance for non-owner occupied but most people just ignore it. There are a few news articles about the City potentially cracking down on this but I doubt they do much. I do not use AirBnB but I thought about it. 

I can't imagine your salaries not taking a dip in Sacramento, but that's the trade off for lower cost of living. If you just purchased a duplex in Sacramento cash flowing that much, why wouldn't you try to do more here? 

Post: Lawyers: Do I have grounds to sue my CRE agent?

Account ClosedPosted
  • Attorney
  • Sacramento, CA
  • Posts 300
  • Votes 172

You would likely wind up paying more in attorney fees than any amount of money, if any, you would collect from a suit. Chalk this one up to RE tuition. I'm sorry you had to pay it this way!

Post: Duplex for sale, zoned as R1. How big of a problem could that be?

Account ClosedPosted
  • Attorney
  • Sacramento, CA
  • Posts 300
  • Votes 172

You can look up all City of Sac permits online. It's very convenient. 

Post: Real Estate Attorney

Account ClosedPosted
  • Attorney
  • Sacramento, CA
  • Posts 300
  • Votes 172

@Derek Jones I just did an owner financed purchase and sale (PSA) and the national title company did not provide a PSA. The seller also needed a deed of trust and promissory note. I would not trust that to a title company. Paying an attorney to do that protects the seller and is under $2k. It's definitely worth it from the seller's prospective. 

Post: Duplex for sale, zoned as R1. How big of a problem could that be?

Account ClosedPosted
  • Attorney
  • Sacramento, CA
  • Posts 300
  • Votes 172

Is the property in the City or County? Within the City, duplexes are allowed in the R-1 zone on a corner lot. 

Post: Approximate sewer/water cost for a Sacramento Duplex

Account ClosedPosted
  • Attorney
  • Sacramento, CA
  • Posts 300
  • Votes 172

City of Sacramento: water/sewer/trash for me is $297. 78.

Post: Capital Gains Tax On a Sale

Account ClosedPosted
  • Attorney
  • Sacramento, CA
  • Posts 300
  • Votes 172

Sounds like you need to speak to an attorney versed in this area. I am not, but I can provide a recommendation. PM if interested. 

Post: Not renewing a 1 year lease in California

Account ClosedPosted
  • Attorney
  • Sacramento, CA
  • Posts 300
  • Votes 172

California Civil Code section 1946.1. 

Post: Not renewing a lease - elderly tenant? Advice pls!

Account ClosedPosted
  • Attorney
  • Sacramento, CA
  • Posts 300
  • Votes 172

I would give her the 60 day notice and find a new tenant that held up their end of the bargain. It sucks that the tenant is older and may have to pay more to live in the same area, but she also seems to have made some mistakes along the way. There's no reason to deal with a headache tenant in this market.