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Running into a glitch in California. Buyer was using CALSTRS loan (teacher union) which to my understanding is a conventional loan that underwrites to Fannie Mae guidelines.
This is AB to BC transaction. When we re...
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I read today that Zillow.com will be adding a new feature that will allow users to search for rent estimates for millions of homes in its database.
Zillow's numbers are often off the mark for property values. Can onl...
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Hello,
I'm working on a refi for my primary residence. A lender has offered us a loan estimate (waiving the appraisal) and magically valuing our property at $555,555. The loan amount is $445,000. This puts the LTV ...
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I'm an aspiring real estate investor but haven't actually invested yet. If I'm purchasing books to educate myself, is that deductible? If so, where on the return would I deduct it? Schedule c (even though I don't have...
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Hey all,Is it standard to have your LLC open prior to purchasing a property? When I make offers, am I making an offer representing my LLC or is that detail irrelevant as I would just put the LLC down on the purchase a...
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A guest just contacted me asking for a full refund for her week’s stay. She was due to arrive today. She claims there is rain in the forecast for the next 5 days and also that it is too dangerous to drive. My cancella...
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Purchasing property, waiting on appraisals. The seller recently said after we signed a sales contract in November that he wants to have the contract go into effect Jan 1, 2017. This is to avoid capital gains he'd have...
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Hey all - I'm getting an appraisal done on my apartment complex this week and I'm wondering if anyone knows: Will an appraiser include the "CapEx" in the valuation? Like, I spent $25,000 replacing the siding on part o...
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Hi I am a new member from Rockville MD. I have been investing in single family homes but I think it is time I switch to something else. I also am a realtor so I have been looking on MRIS for commercial properties b...
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Hi All - I am looking to make an offer on a two unit town home. Both units are rented out with long term tenants in place. Below is a screenshot of the model results but see below for a break out of the assumptions:
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