Patrick I.
Rental property without LLC - Due on Sale Clause
4 November 2017 | 16 replies
The issue is if you do it on an owner-occupied home within a year of closing you have also committed loan fraud which is a federal crime and a felony.Most if not all portfolio lenders will allow you to close in the name of an LLC, and some require it because they classify the loan as a business loan and do not have to follow Dodd-Frank protocols.
Greg Franck
Tenant Challenging Deposit Refund
6 November 2017 | 14 replies
Upon turnover of the property the condition of this area (both beds) was above normal wear and tear and classified as neglect.
Chris Paez
Refi as a SFR or wait unitl it is constructed to a 2 unit Multi
15 November 2017 | 4 replies
I have seen separate utility units be classified as a one unit if they are deemed to be an accessory unit.Having said all of that, you would get more favorable terms with your loan if it was a Single Family Home(SFH).
Austin Davis
Need help raising 1.5 Million
20 November 2017 | 14 replies
On top of that, when money is raised for a real estate deal, it is technically classified as a security.
Sean Williams
Black Friday Appliances for Rental - Best Accounting Method??
30 November 2017 | 14 replies
If you are a real estate professional and more specifically, if the income generated from selling this property would be classified as ordinary income you would have a completely different treatment.
Dave S.
Reimbursement from Tenants for utilities
25 November 2017 | 7 replies
If not how would i classify these transactions for tax purposes?
Mike Mazzucco
Emotional Support Pets After Move-In
4 December 2017 | 27 replies
Also, can I evict a tenant for having an animal on the property that was classified as a "pet" prior to them being prescribed?
Gerald Harris
Zillow FSBO listing. Help Needed!
12 May 2018 | 2 replies
It’s advisable to list your FSBO or any other asset for sale in at least the top twenty classified ads portals.
Cody Evans
Social Media Presence VS. Website Presence.
29 March 2018 | 19 replies
Sorry, I can't explain what I mean by this as this is classified ;)But the result is, Google rules do no longer exist.
Danial Qureshi
Planning my next Two Years in Real Estate Investing
20 March 2018 | 6 replies
Bringing the monthly payment down to ~$1650-$1700No plan to currently sell for at least the next 3-5 years, since my brother and father will be residing here.Property 3:Single Family Home (Snellville, GA 30078)Given to me by my father after my mother passed (Legally have not taken possession)Anticipated Rent $1500-$1700/MonthPurchased June 1995 for $100KCurrent Equity 100%Current Comps $150,000 to $180,000Anticipated Repairs $20,000 (Should be repaired by end of April)HOA $0My Questions:I know there is a capital gains exemption (250K or less if you're single, which I currently would be classified as) if you live in a property for two years.