
6 July 2025 | 2 replies
Here are the key details:Property Value: ~$290,000 (per Zillow)Mortgage Balance: ~$172,000Estimated Equity: ~$118,000Ownership Split: 50/50 between my sister and meMonthly Rent: $3,450 totalUnit 1: $1,650/month (Section 8)Unit 2: $1,800/month (also Section 8, recently vacant and being re-tenanted)Ground Lease: $150/month to a local charity (drops to $75/month if owner-occupied)Lease is 99 years, and automatically renews with each saleCharity has confirmed they will not allow a buyout of the leaseMy goal is to exit my portion cleanly.

1 July 2025 | 7 replies
Some states have a lease automatically revert to a month to month agreement when the time period expires, you need to know the laws in your state.

7 July 2025 | 2 replies
Have not given it a try yet but conceptually it's very interesting.We focus on medium multifamily (5-30 units) so it allows you to upload P&L's / T12's / etc and it scans them automatically and exports full reports.I might consider something like this in the future for "first pass" top funnel underwriting, then dive in deeper on the most promising deals.

26 June 2025 | 5 replies
Penalties are treated as interest, not a fixed fee.When it’s imposed: Not automatically deducted, it's calculated and applied when you file your tax return.Waiver options: You can request a waiver of the penalty on Form 2210 if the late payment was due to a reasonable cause (like disaster, disability, retirement, etc.).California (540-ES)What triggers the penalty: Similar rules, late or insufficient quarterly payments result in an underpayment penalty.How it's calculated: FTB Form 5805 is used.

24 June 2025 | 1 reply
Just make sure the total fee structure is reasonable and in writing.Bottom line: upfront fees aren’t automatically shady, but always vet the broker, check reviews or references, and get everything in a signed agreement before sending any money.

23 June 2025 | 8 replies
Even without being formally recorded, certain HOA claims (such as unpaid assessments) survive foreclosure and automatically attach to the property.

29 June 2025 | 13 replies
So, when rent comes in via ACH (which Baselane handles seamlessly), it goes directly into that dedicated account, and it's automatically recorded in your income reports.

2 July 2025 | 2 replies
not 100% sure what your question is, but if you are moving from 1 pm company to another and your tenant has not given notice or you did not give notice that they were to vacate then, unless your lease is different, most leases have an automatic hold over and a 60 day notice requirement.

7 July 2025 | 8 replies
Their absence doesn’t automatically remove their obligations under the lease unless you formally release them or a court orders it.2.

16 June 2025 | 19 replies
So if your interest payment is $1000 then the servicer automatically ACH debits your account that plus the servicing fee (assuming you set up automatic payments as @Christian Ehlers suggests).