6 April 2021 | 8 replies
He told me that we can't do that and that it is a partnership.In looking at the IRS definitions it states:PartnershipA partnership is the relationship between two or more persons who join to carry on a trade or business, with each person contributing money, property, labor, or skill and each expecting to share in the profits and losses of the business whether or not a formal partnership agreement is made.The term "partnership" includes a limited partnership, syndicate, group, pool, joint venture, or other unincorporated organization, through or by which any business, financial operation, or venture is carried on, that is not, within the meaning of the regulations under section 7701, a corporation, trust, estate, or sole proprietorship.A joint undertaking merely to share expenses is not a partnership.
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7 April 2018 | 1 reply
This will require some html and css skills at a minimum but unlike the previously mentioned hosted domains your code will be portable if you upgrade later.If you plan on designing something professional with some modicum of support you will end up paying something.
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12 April 2018 | 1 reply
I have been notified you and our Property Manager have been in constant communication, as it is our overall goal to help you get your property rented to a qualified tenant with minimal time gaps.
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12 April 2018 | 6 replies
Thanks Aziz, So far a great site with awesome members like yourself, mostly American based but good content for learning the skills.
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9 April 2018 | 5 replies
Most people don't use banks because either the property doesn't qualify for it (i.e. really bad shape) or they themselves don't qualify for it (high DTI, lack of W2, bad credit, etc).
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7 April 2018 | 0 replies
Buyer will be less qualified for the same amount of loan; in plain English, buyers cannot afford the price of the property that he or she is looking at to buy at the higher rate….An educated buyer agent should search more (work harder) to find a similar property for his buyer, it is not a bad idea to search for motivated sellers or short sales.
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10 April 2018 | 15 replies
I honestly can't think of anyone less qualified... well, maybe Bank of America ... oh, lordy.
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8 April 2018 | 1 reply
At the time we had 16 rentals and about half of them were free and clear, and we were buying way less house than our salaries would have dictated for a "normal" (read BROKE) couple so we qualified with no problem.
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19 April 2018 | 5 replies
Just make sure that you are qualifying them.All of our advertising is free for the rent to own properties that we advertise.
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9 April 2018 | 8 replies
Depending on the amount of time you have to spend on managing the tenants and dealing with finding new qualified tenants you may want to at least compare the costs of hiring a Property Manager.