All Forum Posts by: Rob Golob

Funny no one has mentioned the problems with tax evasion.

@Joe Splitrock

Although there are rules and consequences to under market rent to family members, please don’t over state the peril.

It is not illegal at all.

Simply put, the IRS would not allow “normal” schedule E deductions.

The income would be reported on schedule 1.

I’m in NW Indiana and am surprised at my primary residence refi rates.

All no points offers are coming in at 3.5%.

Thoughts and or advice?

Are all of the advertising of lower rates just malarkey?

Value 500k

Balance 200k

Looking to borrow 400k for 200k cash out

750+ credit and very low DTI

30 yr fixed

Thanks I’m advance

I know specifics will vary greatly, but today one could assume:

Primary residence mortgage in the 3% / 30 year range

Rental property in the 4.5% / 30 year range.

What can I best guess for a single tenant stand alone office building? - Roughly $400,000  Should I figure 30% down?

Thanks in advance

You can't be serious about this question...

One asks to negotiate and you leap to the conclusion "that they can’t really afford the property or don’t really value it."

Have you ever bought a house? a car? an appliance? anything on Craig's List?

The epitome of a Holier than though attitude.

And as I reread this before hitting enter I really have to laugh as it most likely that you negotiated to purchase the very asset that you feel puts the Tennant Application in the category of saying "The dumbest things."

New category: Prospective landlords say the dumbest things.

Can someone please recommend an appraiser for a Property Tax dispute in Valparaiso, IN.

Need appraisal for 2019.

Thanks in advance, Rob

@Dan Marl

Where/how are you going to get a 2.60 fixed?

@Bjorn Ahlblad

What other kind of money is there?

@Brian Garlington

Remind her who is boss?

Really?

No, she is not your employee.

If you feel the need to remind her who the landlord is, I guess that is accurate.

However, she should then remind you who the Tennant is.

Ps. I’m not saying she is right in her Dan and.

But the landlord is not necessarily either.

The “boss” or governing body is the lease.

What does the lease say about payment?