Collin Hays
Government-sponsored extortion, Sevier County style
Recently, Sevier County TN commissioners voted to require a "permit" for all short-term rentals in the county, "to ensure that all short-term rental units in Sevier County meet minimum safety standards." Of course, t...
John Blackman
Form 8908 - Tax Credit for Energy Efficient Homes
Is anyone aware of how to qualify a home you built as energy efficient via this irs form?
http://www.irs.gov/pub/irs-pdf/f8908.pdf
My tax accountant mentioned this to me and this is the first I've heard of it. Aust...
Tanya Maslach
Contracting set up for mid term rentals in Kansas City, MO
Hi everyone,I'm going to be building a portfolio in Kansas City and at the start, the properties will be multi family targeted at MTRs.Does anyone have recommendations for legal counsel / prep on contracting for those...
Account Closed
Typical funding requirements for a 4-plex?
So I looked up the highest rated loan officers on Zillow in my area and I sent them all emails asking what the general requirements are for purchasing a 4 plex; I got quite different answers from all of them!First, fo...
Carson Sweezy
Standard Lease for Little Rock?
BP,My grandmother is getting ready to lose one of her tenants who is moving away. When she was with us for the holidays we discovered that she has not used a lease for her previous tenants. The only way I understand h...
Derrick Moody
Section 8 Housing
So I am interested in converting my home to section 8 once I put it up for rent. My question is how do I do this or what is the process and then secondly is this a good strategy for attracting and maintaining long ter...
Evan Smith
Seeking an uncommon debt structure: Commercial collateralized vs Residential on SFR
Hello All, Im looking for an alternative to the standard practice. A debt structure for SFR that's valued by cap rate as opposed to individual appraisal.Im open to speculative conversations but here is the scenario....
Ivory Quintal
Rental property on Guam
Aloha,
I live in Hawaii and am trying to help my mother in law out. She has a rental property in Guam on the golf course and is currently renting for $1200. I am trying to get the house up to military standards so t...
Neil Whitney
Bad Credit Applicant
Hello everyone, I have received a application from a tenant who has bad credit. 574 scoreShe makes extremely good money, 8k per month offshore. Should I make her give a larger deposit?have a cosigner?move on and find ...
Baxter Finch
Super Beginner Question About Selling With A Mortgage
So say I take a loan out for 200k and after a year I want to sell the house. What is a standard interest rate and how would the interest incurred be paid if I were to sell the house at ~220k?Is this a standard flip or...