Evidently, CRE is about to crash like residential real estate. Underwriting standards for loans, tenants, etc. are returning to historical norms.
If I were a landlord with a mortgage, I would not want to rent to someone with potential to flake on the rent, possibly putting my mortgage at risk. So their concern is certainly warranted. A good question to ask yourself is how you feel about doing business with any particular landlord. Is the disclosure a necessary due-diligence formality? Or does the landlord just not want to rent to you? Big difference. In any case, having disclosure information readily available for your own use is good business. If you are well-organized, it shouldn't take more than about 15 minutes to run off copies of all the necessary paperwork. (Unless I am missing something here.) HTH, -d On Wed, Apr 2, 2008 at 11:47 AM, Lisa Thompson <[EMAIL PROTECTED]> wrote: > Ok, this agent wants a full financial disclosure before even looking at his > property. Is that allowed?? > > > > On Wed, Apr 2, 2008 at 2:40 PM, Erica Douglass <[EMAIL PROTECTED]> wrote: > > > > > Hi Lisa, > > > > The problem with this is that if you are a sole proprietor and have a > > home office, you can usually take the home office deduction, which is > > substantial. If you have an office space, as a sole proprietor, you > > can deduct it, but it will usually be more expensive since the home > > office deduction comes out of the rent or mortgage you already pay. > > > > Of course, the home office thing is scrutinized pretty closely by the > > IRS, so you may be better off having a real office. Standard > > disclaimer - IANAA (I am not an accountant); consult yours for more > > details. > > > > -Erica > > http://www.erica.biz/ > > WealthCamp - Finally, a personal finance conference for regular > > people! http://www.wealthcamp.info/ > > > > > > On Wed, Apr 2, 2008 at 5:13 AM, Lisa Thompson > > <[EMAIL PROTECTED]> wrote: > > > > > > > > > For those that have space.. is a selling point the fact that paying for > > > office space (for those that are registered businesses) is tax > deductable? > > > > > > -- > > > Lisa Thompson > > > > > > Media PA CoWorking Meetup > > > http://socialnetwork.meetup.com/964/ > > > Blog: http://theoffice.tumblr.com > > > Tweeter: @lithompson friendfeed: http://friendfeed.com/theoffice > > > > > > > > > > > > > > > > > > > > > > > > > > -- > Lisa Thompson > > Media PA CoWorking Meetup > http://socialnetwork.meetup.com/964/ > Blog: http://theoffice.tumblr.com > Tweeter: @lithompson friendfeed: http://friendfeed.com/theoffice > > > > -- http://tinobox.org/wordpress/ linkedin, facebook, twitter, etc. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Coworking" group. To post to this group, send email to coworking@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/coworking?hl=en -~----------~----~----~----~------~----~------~--~---
