Bobby Bucks
Elite Member
- Joined
- Jan 27, 2002
- Professional Status
- Real Estate Agent or Broker
- State
- North Dakota
Things used to be so much simpler. Multi-family property......put it on the 1025 form with the O
& I................. single family property (barring the oddball FHA duplex) put it on the 1004 and
give them a 1007 and O & I statement. Lately I’m getting more requests for the 2055 interior for
income producing single families......of course for the 2 bedroom wooden boxes I always insist on
including rental comps and O & I statement regardless of what they request and charge
accordingly...I've lost some orders for not bening I might add....I’m going to have it in my work file anyway........now to my question ...........how
comfortable is everyone else with using a 2055 for a single family income producing property and
ignoring the income approach because that’s what the client requests?
& I................. single family property (barring the oddball FHA duplex) put it on the 1004 and
give them a 1007 and O & I statement. Lately I’m getting more requests for the 2055 interior for
income producing single families......of course for the 2 bedroom wooden boxes I always insist on
including rental comps and O & I statement regardless of what they request and charge
accordingly...I've lost some orders for not bening I might add....I’m going to have it in my work file anyway........now to my question ...........how
comfortable is everyone else with using a 2055 for a single family income producing property and
ignoring the income approach because that’s what the client requests?