Reviewing Rental Property Financials - Most Common Items I've seen
Thursday, April 03
A Common Question I'll get is "Is this good property to invest in?" or " Here are the tax returns from the seller to verify the rents on this property, how will it affect my financing?" When reviewing a prospective income property's tax return for verification of income you're prob...
10 Best Practices in 1-4 Unit Investing for Agency/Conv. Financing
Sunday, March 02
1) Maintaining 720 or more fico is essential since mortgages number 5-10 require it to keep your source of conventional money available 2) Maintaining as a rule of thumb 6 months reserves for all properties in the form of PITIA (principal, interest, taxes, insurance, assessment...
To pay 5% rate and make a 5% rate even when it seems like a Wash
Saturday, March 01
When I usually ask clients the question above they usually say no they wouldn't do it and it doesn't make any sense because it'd be a break even, not worth the risk, whats the point (shrug)? It all depends on the point of view.... To that I usually start to discuss the options below: ...
Self Employed/ RE Investor Income planning Tips
Sunday, February 23
Some of the most difficult files can be self employed, real estate investors, and business owners. The mountains of tax returns and data if misinterpreted can cause a delay or even a decline in your file. The challenges: - complex tax strategies - lots of paperwork ...
Beginning with the End in Mind
Sunday, February 23
From first time buyers to more sophisticated clients, It always amazes me how lightly most borrowers take their mortgage loan as just a payment with little thought to the end game and to planning contingencies around how in the particular moment as they sign the loan docs it may affect their e...
Condo Project Approvals and Their Significance to Obtaining Financing
Sunday, February 23
A condo project approval will be required if you're looking to obtain financing in your particular project that you either own a property at, are looking to develop/build, and or purchase at. These approvals can affect your ability to obtain conventional, FHA, and or VA (veterans) fina...