All Forum Posts by: Balaji A.

Question #1.  Yes.

Question #2 :"preparing for a real estate license, commuting, and researching properties "  :-  do NOT count towards 750 hours. 

Also, Refer to : https://www.irs.gov/publications/p925. for details

I believe the best app to document is REPStracker.

@Israa Ajam

Bottomline, you can live where you want and invest where it makes sense. Why not invest in both markets ? Since you are familiar with Baltimore and have friends, maybe you should make Baltimore your headquarters :)

@Jason FlintThank you. Was it a 80% or 75% LTV refi?

@Jason Flint Thank you for this very valuable information. I bet 99% of us did not know this until now! Since most banks /lenders may not be aware of this, how do we get this product? Is there a specific lender you could recommend? TIA

Wyoming LLC would be the holding company. Other LLC in other states would be under WY LLC. (WY LLC would own 100% of other LLCs)

@Joe P. That sounds great. Please forward lender info. Thanks

@Amelia McGee : 2.85% for 30 yr fixed is fantastic. Agree with reserves and credit score requirements. (Is 794 good enough?) Could you kindly share the lender info?  Thank you 

@Lumi Ispas : rResidential investment loan, 25%down with 3.2% interest rate - still looks good.. Please send lender info.Thank you

@Lumi Ispas

Could you please tell which lender is offering 3.2% for commercial loan for a duplex ?

I could not find one .

@Joe P.

Is your lender quoting 3.5% , 30yr fixed for a non-owner occupied investment property ??

I cannot get less than 4.5% who is your lender ?