Broker/my mentor is suggesting to be realistic, and present a price that reflects what the new buyers' expenses would be.Is it more of a standard practice to calculate the price based on current owner's expenses, or future owner's expenses?

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

Looking at a two building deal in a rural college town in Tennessee. It is close to the hospital and University.

Five-year lease home two of the three available spaces. Tenants required to handle all inside maintenan...

. :) Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

If your CPA does endorse an S-corp, make sure to ask him about changing your business practices to comply with S-corp rules.When doing distributions, remember to leave enough money in the company account for future expenses, including paying the CPA.If you're planning to dissolve the company, I recommend prepaying the CPA before dissolving.

A lot of people think they can take on this tenant class not knowing that standard REI principles and practices do not apply to the D-Class arena.Did you ask him where he got the 1MM number? 

The problem is, that this seems like the sort of thing that would be a huge concern for most lenders causing them to either give me worse rates or no mortgage at all...So, I have 2 general questions:1) Is it possible / practical to get a mortgage without an active income source?

Also good to be in that habit for later on when you're sharing deals with others...If you're all cash buying and you have a reserve fund to backstop any expense on the house, then in practical terms you probably won't specifically earmark any of the monthly income "vacancy", but yes, it's still "in there".

I think the RE crash is imminent as Trump has practically  closed our borders  .