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All Forum Posts by: Amitai E.

Amitai E. has started 2 posts and replied 3 times.

Post: Schedule E rental income

Amitai E.Posted
  • Fort Lauderdale, FL
  • Posts 4
  • Votes 0

Hello everyone,

I’m trying to figure out if you have rented out a property for two years but the first year you have the lease sign at the end of the year and only have like 3 or 4 months of rental income on the schedule E let’s say (2016) and the other year full rental income on the schedule E (2017), which technically that is two years but since it was at the end of the year it looks like it wasn’t a full year of rent. But you didn’t file tax yet for (2018), to show full your for it do you think that will be fine with the underwriter?

Post: LLC or No LLC

Amitai E.Posted
  • Fort Lauderdale, FL
  • Posts 4
  • Votes 0

@Daniel Okavage quick question I'm trying to close on a property but the bank is say my debt to income ratio is high, it's a conventional loan and I'll have to put down 30% I have thinking would it be better to just get an LLC instead and not have it in my name and use it as a rental since I'll be putting Down that amount

Post: FHA 203k loan in Fort Lauderdale

Amitai E.Posted
  • Fort Lauderdale, FL
  • Posts 4
  • Votes 0

FHA 203k loan in Fort Lauderdale any lenders ?and certificate license contractors for 203k ?