Doug Sah
Tenant Screening: Too strict?
I currently have no properties but will be building my portfolio of multi unit properties this coming year. As I have been trying to learn about tenant selection I have found myself in a ironic predicament, I applied ...
Lisa Martin
Accessory unit rent not counted as income. What? What? What?
We have been careful to document and report all rental income to the IRS from our accessory unit attached to personal residence for the past 4 years.In our current application for investment loans our lender is tellin...
Jeffery Cass
What should I be charging for rent?
Recently placed an ad on Facebook to rent a 2 bed 1 bath house for $600. Kind of a bad area. That is why I put the rent so low. My Facebook account got blown up with response. As much as 200 people responded.I think I...
James Dick
Lenders For Jiffy Lube & Auto Repair NNN Assets
I'm seeing an uptick in clients looking to acquire or get cash-out financing for NNN auto-based businesses such as Jiffy Lube and various franchise based auto repair chain type assets. Lots of banks pass due to sensit...
James Short
How do you deal with New York’s application fee cap?
I am purchasing my first duplex in western New York and I would like to use one of the many online sources for self management. New York has a $20 dollar cap on the application fee but most if not all charge more than...
Benjamin Fishler
Adverse Action Form / Cosigners who have bad credit/background
We have a situation where 1 out of 3 tenants (who are good, pay on time, keep place clean) in our rental is moving out of the area. We told the remaining 2x they could find a suitable tenant if we go through referenc...
Jingyuan Yang
Can my out of State rental loss be included in my residency state tax return?
I have a rental property in Oregon and I am a part-year resident in CA. The rental property generates a loss after depreciation, mortgage interest expense, etc. My question is can this loss be allocated to my CA sourc...
Chris B.
ESA exemption option for small landlords
In a prior post from about 2 months ago, Kerry Malarkey and Nathan Gesner mentioned a small landlord is exempt from FHA requirements requiring the acceptance of emotional support & assistance animals if one of the...
David Lander
Mortage for me? First time buyer, 1 year of income, 30% down,
TLDR: My fiance wants to buy a house (to use as her primary) for 300k and put 30% down but only has 1 year of income. Is there a mortgage she could qualify for?Applicant's Goal: I am a 28 year old
first time home buy...
Natasha Rooney
Tax Implications for CANADIAN investing in US real estate
Hello! I can't seem to find straight answers anywhere (totally could be looking in the wrong spots - I'm new to this!) What are the tax implications for a Canadian investing in US real estate? My husband and I are Can...