Mavis Fernandes
Tenant with potential business use of home
I am considering a tenant who also teaches music from home (her current place). Has anybody rented before to tenants who run a home based business and have clients come to the property? i am a bit wary due to the pote...
Christopher Alexander
Possible Subject to Deal Please Help
Hello Everyone! I am looking to get a deal done on a property that I am currently managing for a couple who have recently divorced and live in a different state. The home is a nice 3 bed 2 bath home 1800 sq feet. I ha...
Jason Hartman
Have you had any experience with National Real Estate Insurance Group (NREIG)/Affinity Group Management?
We like the idea that this company caters/markets to investors; however, they denied one of our client's seemingly legit claims and it seems they trying to deny another one on a technicality. The second claim remai...
Brian H.
Lender attempting denial due to impending retirement of cosigner
Sorry for the jumbled title.Anywho, I have a property under contract. The buyer has her father as a cosigner. Inspection has passed, all good. We were basically just waiting to close on June 17. Maybe some of you ...
Paul Holtham
Owner Willing to Hold Mortgage Temporarily
Hi Everyone,
We have a SFH in the Wny (Buffalo) area that the owner is possible willing to hold the mortgage temporarily (6-12) months. The ARV is around 140k, we offered her 80k in its current condition. She denied ...
Account Closed
[ WHOLESALING] How would you flip a rental?
If you flip a rental do you use the same formula? 70% - REPAIRS? What if the property doesnt need any repairs? Do I have to get the deal for 30% discount in order to flip it?
Levon S.
I need a CPA in short order! My current CPA is very ill..
Hey guys and gals,
I'm currently under contract for my first home purchase! The lender is requiring 2020 taxes to be filed, so I was able to negotiate an extension with the seller on closing, to complete this.
My is...
Richard Warren
More AIG Bonus Backlash
Democratic Senator Chris Dodd is feeling the heat.
"Dodd just admitted on CNN that he inserted a loophole in the stimulus legislation that allowed million-dollar bonuses to insurance giant AIG to go forward – after...
Nathan Faselt
Strategies for Legally Denying "Fake ESA's"
Hey everyone,
I wanted to reach out to the community to ask for your thoughts and strategies on how to legally deny "fake ESA's." As ESA's become more and more popular, it seems like many people are taking advantag...
Jason Watson
Material Participation and REPs
What are the general tests for material participation? This question comes up all the time. As tax professionals, we want to get the word out for those considering a real estate professional designation.
Ok. Here we ...