Home Buying in Philadelphia>Question Details

Gdg021410, Renter in Santa Clarita, CA

What are the restrictions on the property type from which the rental income is derived but its not the subject property. Thank you

Asked by Gdg021410, Santa Clarita, CA Sun Oct 14, 2012

Help the community by answering this question:


Not a problem GDg,
You see.... I don’t ANALyze... We help clients get to their goals while protecting them + ENJOY my career sooooooo....Much that We R SUCCESSFULL in this Industry over 17 years whether the client is ANAL or not?

All the best, John Curci RE/MAX Properties

Selling Homes One Yard at a time
0 votes Thank Flag Link Fri Oct 19, 2012
0 votes Thank Flag Link Mon Oct 15, 2012
What are you asking? Any property that you are talking about having restrictions on or collecting income from would have to be a subject property. If it is not the property you are talking about then it has to be a comparison property

Philip J. Cunningham Sr
V.I.P. Realty Corporation
7942 Bustleton Ave
Philadelphia, PA 19152
Office.(215)725-5700 X49
Web Reference: http://www.GreatPaRE.com
0 votes Thank Flag Link Mon Oct 15, 2012
Good Afternoon GDG,
Sorry your question is too vague.
There are variable restrictions.... What’s your specific situation?
Feel free to call for a confidential talk?

--All the Best John Curci -215-757-2889
0 votes Thank Flag Link Sun Oct 14, 2012
The "subject" property cannot be in question:
The is determined whether or not it is the primary occupied or if it is in the proximity.
You cannot have owned it less than two years or larger than 1/4 acre.
The property type is determined unilaterally and at the time of the purchase.
The rental income however may not be claimed.

I hope I've helped
0 votes Thank Flag Link Sun Oct 14, 2012
I don't understand the question. If rental income is produced it would be on the property, not some other property. Can you clarify the question more?
0 votes Thank Flag Link Sun Oct 14, 2012
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