Good Afternoon BP,Since I got involved in real estate a year and a half ago, everyone has made wholesalers out to be the worst players in the game.

Last year we had a client in Ohio which needed us to be on site for half the year.

Must have been nice 😛 To qualify for the status there are two tests: 1. spend 750 hours in a real property trade or business, AND spend more then half your working time in it.

He said he'd want half of that 65% split in addition to the 35% since he's got the buyer.

There are a ton of STR listings, more than half the town. 

I have done 15 single family BRRRR's in the last year and half. 

Bank statement loans work great if your business gets a large amount of monthly deposits because the way the lender calculates income is by adding all your deposits over the last 12 months then cut it in half and divide that total by 12 months then take 50% of that remaining balance and use that to calculate your DTI.

Appreciate some feedback.I had a tenant, ironically also in Gaithersburg (hope it’s not the same person because she was a pain in the *** lol) but she wanted a new carpet we paid half, she paid her half via us uppping the rent $50 over what it otherwise would have been, so that’s always a creative option, however I wouldn’t want gas at my property if I could avoid it, always a risk of a leak or worse so I’d probably lean towards saying no to this specific request. 

You could assume that your condo is occupied two thirds of the time or half the time if you want to be more conservative and see what nightly rate you get.

This was a half-finished subdivision from the late 80s with middle to upper-middle class homes - the residents had a lien against the former developer who went bankrupt and left the road in state of disrepair (never done the correct way)...so 10 years bankrupt...I bought it from the town for backtaxes and agreement to build new road.3.