8 March 2017 | 3 replies
Essentially the argument is that you are now operating a hotel which requires commercial zoning, compared to the residential zoning that most AirBnB locations have.That being said, I think AirBnB is just starting to scratch the surface of a new industry.
11 March 2017 | 3 replies
Few companies offer this (I know of one), but although the criteria and process are similar, it is less paperwork than Homestyle.
22 April 2017 | 8 replies
My CPA years ago advised me to file a partnership tax return and attribute the income and expenses to the partnership (so essentially we treat the taxes exactly the same way we would if we had created an LLC and deeded the property over to the LLC).
27 April 2017 | 13 replies
Hoping to find some options I called what is to me essentially a hard money broker who I have worked with on almost all of my deals and asked her if she knows people who finance real estate businesses.
21 April 2017 | 1 reply
Looking for a good book suggestion to educate myself on the topic of taxes, legal paperwork in real estate, etc.
29 April 2017 | 4 replies
If it is your primary residence and in your own name you should be able to get very favorable terms on a 30 year fixed rate term which would keep your payments lower than a 20 year term and/or allow you to pull more cash out with a higher LTV.As far as working with the same lender (whether it is conventional mortgage lender or a portfolio lender) would be that you only have to gather all the necessary paperwork once (assuming you do the transaction close to the same time).
15 May 2017 | 10 replies
If you make even the smallest mistake in your paperwork, the courts can slam you with triple damages awarded to the tenant.
15 May 2017 | 4 replies
The "Title-Lender's Policy" is essentially title insurance that covers the amount of the loan.
16 December 2022 | 8 replies
This is essentially saying the market rent needs to be equal or greater to the total mortgage payment (collected during appraisal).
16 December 2022 | 2 replies
Since that time, bulk owners have purchased thousands of units, some of them at bargain prices, and now seven years later, most condominium“The Florida Distressed Condominium Act was essential to the recovery of Florida’s condominium market”, says Carlos R Arias, Partner with Arias Bosinger, PLLC.