13 September 2019 | 8 replies
Please I'm counting on a very straight answer, in order to analyze if I have a case, or if I am just transferring responsibilities to others...I really don't know where I am standing in this case.Here what happens:On the sale of my rental property, I have trusted my selling agent, signing a HUD without making any math at the closing date.
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13 September 2019 | 2 replies
So make sure you understand any minimum rental history requirement.Another great scenario is with a 2nd property sometimes a lender can count the pontential rental income (or a percentage of it )that the property produces.
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19 September 2019 | 17 replies
See Delayed Financing Exception below.If the property was owned prior to closing by a limited liability corporation (LLC) that is majority-owned or controlled by the borrower(s), the time it was held by the LLC may be counted towards meeting the borrower’s six month ownership requirement.
15 September 2019 | 4 replies
Perhaps they count the principle payments as profit because they’re gaining equity?
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13 September 2019 | 9 replies
Also, can self storage facility renting/managing activity hours count towards the real estate professional requirements if one also owns and self manages multifamily or single family homes or is a real estate agent helping people buy and sell homes?
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14 September 2019 | 4 replies
This sucks for you, and even more so for the seller who's counting on you to get their unwanted property off their hands quickly.Go learn, and good luck!
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20 September 2019 | 6 replies
I have been 100% passive for the past several years via real estate syndications. 14+ and counting...Instead of managing tenants and property managers, I now spend time vetting out syndicators, always looking for track record, references, monthly reporting, the ability to see financials upon request and the ability to tour the property.
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26 September 2019 | 127 replies
If Mobile Homes count: $50.
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15 September 2019 | 10 replies
So now you're 20% return is more like 15%. not counting the increased restrictions by many municipalities, Market saturation by everyone jumping into the short term rental pool, angst about reviews, unhappy neighbors, etc etc. what if there was a better way?
15 September 2019 | 4 replies
Not ideal to lose a closet in a bedroom as a bedroom needs a closet (and window) to be counted as a bedroom.