Nadia Jones
Do Term Sheets or Commitment Letters Show Financial Credibility to Brokers/Agents?
13 December 2024 | 4 replies
If you can convince them a bona fide lender is on board, that's 90% of the battle.
Collin Hays
Your biggest financial risk in owning a STR
21 September 2024 | 19 replies
Self-managers really need to have a documented inspection of their property from a bona fide inspector, a minimum of once per year, and probably twice.
Shalini Dawar
Property management Company by owner
6 September 2024 | 9 replies
"The provisions of this article shall not apply to any person, firm, partnership, association or corporation who, as a bona fide owner or lessor, shall perform any of the aforesaid acts with reference to property owned by him."
Ryan Gyllenband
HELOC in Texas on Investment Property
4 September 2024 | 39 replies
(This requirement may be waived under certain special circumstances constituting good cause for a waiver, such as the loan being issued because of a bona fide emergency, with the lender obtaining written consent from the buyer to proceed with the loan without the disclosure notice.)The closing on a home equity loan must occur at a permanent office of the lender, at a title company, or at the offices of a lawyer.After the closing occurs, the borrower has a three day period during which the borrower may cancel the loan without having to pay any charge or penalty.
Corey Dutton
Are 100% Financing Loans for Rehabs a Scam?
27 August 2024 | 43 replies
There are new rules about collecting fees that are not a function of delivering a bona fide mortgage loan.
Michael Plaks
GRAY area alert: deducting real estate education
30 July 2024 | 23 replies
The required education must serve a bona fide business purpose of your employer.The education maintains or improves skills needed in your present work.However, even if the education meets one or both of the above tests, it is not qualifying work-related education if it:Is needed to meet the minimum educational requirements of your present trade or business orIs part of a program of study that will qualify you for a new trade or business.You can deduct the costs of qualifying work-related education as a business expense even if the education could lead to a degree.
Taro Wichman
Which type of lender might lend on $100k EMD deposit?
16 July 2024 | 12 replies
I could maybe see it with a bona fide, proven credit risk on a rock solid, doable contract at 3x EM in equity price/terms and assignable to me to step in as buyer with enough time to save it if going to breach.
Nathan Gesner
Another Terrible Squatter Story - Will Texas Get On Board?
28 May 2024 | 11 replies
I agree cops can be trained very easily to assess the situation.. and there would be or is stiff penalties for prop owners who illegally remove a bona fide tenant..
Mark C.
Are there tax benefits to having my own handyman llc?
23 May 2024 | 3 replies
., but it might make sense especially with Roth IRA or Roth 401k contributions.It gets tricky since you need a bona fide business to business relationship... doing other property management and / or handyman services helps create an arms-length relationship (and rise to Section 162 definition of being a business and not a self-dealing transaction).
Lenza M.
Is Holton Wise Sale of Quad in Cleveland a Scam? (7809 Franklin)
20 April 2024 | 100 replies
You think you're a "bona-fide buyer" but requesting that info proves otherwise, hence why the offer was immediately rejected.