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Month: May 2021

  • Homebuyers devastated – Lender pulls plug just before closing.

    Reader Question: Our friends are homebuyers devastated. Their lender pulled the plug just before closing. We are in the process of closing on our first home purchase. We are excited but at the same time very edgy. Our friends were a week ahead of us on their home purchase. They didn’t offer details, but how…

  • Eight topics to consider when buying an Airbnb investment?

    Reader Question: We are a four-person group wanting your opinion on topics to consider when buying an Airbnb investment. We have invested in other commercial property types, but this would be our first bed and breakfast. The six units generate an eight-percent cap rate. 2019 was the first year in service. There are numerous significant…

  • Why do so many states not regulate home inspectors? 

      Reader Question: Why do so many states not regulate home inspectors?  Monty’s Answer: Your question about why do so many states not regulate home inspectors is an excellent question. To answer this question accurately requires academic research that is beyond the scope of this column. I will reach out to the James A. Graaskamp…

  • The problems with home inspections

      Reader Question: You have written numerous articles over time about the problems with home inspections. We are near our savings goal and preparing to buy a home. What is your current opinion of home inspections?  Monty’s Answer: Home inspection laws came into existence because home sellers were unaware of the defects, hid, or made…