UnThreaded | Threaded | Whole Thread (18) | Ignore Thread Prev | Next
Author: Dwdonhoff Big gold star, 5000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 757813  
Subject: Re: Let the attacks begin Date: 11/18/2012 4:33 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 2
Hi Fleg,

So my question is, is rental property considered to be commercial real estate?
Yes, no, and horse shoes...

There is a distinction made in the regulatory lending world (but not the taxation world) between residential and commercial. The defining characteristics are whether
a) there are 4 or less (5 or more) units on a single tax-parcel,
b) it has utilities for residence (bathroom, kitchen, 2 modes of ingress/egress to each bedroom.)
c) Special note; if its mobile, rolls, flies or floats it can *still* be residential, rather than commercial.

"Commercial" (in the lending world) is everything that is not definied by the above. Whether it is rented out, or owner occupied doesn't affect the distinctions.

In the taxation world its much simpler;
x) Owner occupied, and residential per above; Residential
y) Owner occupied, and NOT residential per above; Commercial
z) Tennant occupied/Rental (regardless above); Commercial


Will any of that mean *anything* to the predatory mooches? Who can say?

They'll probably try to find a way to punish the maximum number, regardless.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (18) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement