Scott R.
Standard deduction for rental property income on 1041 Estate form
You would think this would be obvious, but on an estate filing (1041) the only Standard Deduction mentioned is for a bankruptcy estate at $12.2K. I don't want to go through all the bullsh!t of itemizing deductions whe...
Tariq Hakeem
Fannie Mae tightens standards on investment and 2nd home property
This upcoming change from FNMA will restrict lenders to a maximum of 7% of their loans as investment properties and second home transactions. The easiest way for a lender to restrict transactions is to increase their...
James Mcsweeney
Duplex- What additions to a standard lease have you included?
I'm about to start looking for tenants for a newly renovated duplex i got (First time for duplex) and I'm curious what some things other landlords included in their leases that weren't considered standard that either ...
Scott Hughes
Help with writing a non standard offer on a property
I have a question or two for those who write offers often.
Here's the scenario: I want to put in an offer on a 2/2 condo that is rent ready. The asking $ is 76K, however, I had my realtor comp it and it came back at ...
Marvin Meng
How do I reject a tenant who meets minimum standards?
What do you do when you have an applicant who meets your requirements on paper but you "just know" their going to be trouble? In this case the individual if good friends with a previous tenant who was one of my worst ...
Zachary Trexler
Need Help Adding Creative Finance to a Standard Sales Agreement.
I'm looking to use Creative Financing Strategies for purchasing property but all I have is my standard Purchase and Sale Agreement. What would I need to add to this contract to create a Sub-to + Seller Finance + Novat...
Addy Cash
"Standard agreements" written for/by/in-favor of providers only
The "standard agreements" that the service providers (realtors, accountants, dentists, beauty centers, etc.) ask clients to sign are extremely lopsided (i.e. only in the service providers' favor). We cannot have a law...
Aleksey Moody
House Hack Back to Standard Rental - How Did it Go?
I see that 4-5 bedroom homes are commonly recommended/used for house hacking, and I am planning to do that for my next house. In talking to two people today (separate conversations, one being my dad, so I value his op...
James Park
CoStar vs Loopnet: What is the standard for Commercial Brokers?
A question to Commerical Brokers:What is the equivalent standard to the FMLS for Commercial Brokers for searching and listing commercial properties?What is monthly cost to have access to either CoStar or LoopNet and i...
LaQuan Bates
Why not always go with 203K Standard or Streamline Loan?
So im very new to Real Estate Investing and am particularly interested in Multi-Unit properties. I purchased the book "The House Hacking Strategy" which was highly recommended for beginners like myself. In the Finance...