8 January 2025 | 27 replies
The seller responded that since the issue was repaired and he believes there is no ongoing problem, he did not think it needed to be disclosed.When I asked him to extend the inspection period so I could follow up with the repair company and conduct my own inspection, he declined.I disagree with this interpretation.
11 January 2025 | 420 replies
You don't understand the mechanics of how loan repayment works.The amortization tables aren't wrong, it's your interpretation of them that is.
14 January 2025 | 15 replies
@Roman Stefaniw@Justin Windham mis-interpreted your question.
31 December 2024 | 22 replies
There are a high number of CPA firms that do not want to get involved outside of the FYI to their clients, and some state boards are saying that a CPA advising related to this registration is an "unlicensed practice of law" given it is not under Title 26 - income taxes - the only place where CPAs and EAs are specifically authorized to interpret law.
19 January 2023 | 17 replies
.: This honestly seems like an awful way to be a host.Your guest has problems so you say 'well here's the door buddy, if you leave, i'll refund you for the nights you don't stay, otherwise, shut up and deal with the problems and we wont pay you a dime'No, it doesn't say that.....it says exactly what it says, not what you want to interpret.
7 May 2017 | 2 replies
If I am interpreting your question correctly, the tenant portion and the Section 8 subsidy portion are both added together and reported as your rental income.
30 July 2024 | 23 replies
As you can see, even these two formulas leave room for interpretation.3.
2 January 2025 | 37 replies
By calling this person a deal killer, people could interpret that as meaning they only kill deals.
20 February 2024 | 16 replies
With that, we became the American Association of Private Lenders—and we began spreading the word.Finally, Some DefinitionsUnderpinning the concept of minimizing the use of “hard money” in our industry is a recurring theme of standardization—that the root of the issue is too many interpretations of what the same terms mean.We offer up the following definitions for discussion, debate, fine-tuning, and eventual consensus [last updated 5/9/2022]:Private lender: Any non-depository individual or entity that primarily originates business-purpose loans secured by hard assets, generally real estate.Hard money lender: A subset of private lender where creditworthiness is determined solely by the securing real estate collateral.Correspondent lender: A subset of private lender where the closed loan is sold to investors.Portfolio lender: A subset of private lender where the closed loan remains in the lender’s portfolio.Fund manager: A subset of private lender where, depending on the fund structure, the deployed capital is sourced by offering exempted securities to accredited and occasionally non-accredited private investors.Private investor: An individual or entity that seeks a return by deploying capital through a private lender or fund; the investor may or may not be named on the loan’s promissory note.Private money broker: Any individual or entity that acts as an intermediary between a borrower and a private lender without directly originating the loan.
19 January 2025 | 46 replies
I know that in written communication, concepts can sometimes be interpreted differently than originally intended.