All Forum Posts by: Hannah Joy

 It sounds like the answer is, it is possible to get a projected estimate but it really requires a CPA to work through the projections because of all the layers of complication. I guess I could work through it on my own in Turbo Tax to play around with potential outcomes, although I don't think they let you do that until a certain time of year. 

 Hi @Chris Gallick did you get anywhere with this? I have the same question 

Thanks @Michael Plaks I'll keep diggin. The ones I've seen don't don't seem to address my particular question. 

@Michael Plaks Sounds like I'll be buying a lot of carpet and appliances :) Do you happen to have an easy-to-understand list of purchase categories with their 2023 depreciation percentages? 

@Nate Meeker thanks for the reply! Is there an online calculator where I can plug in all of this info and play around with the numbers? 

What is the magical ratio of one time capital expenditures to capture enough 100% depreciation to neutralize income taxes on rental revenue? I know it exists...

If I buy one property a year and do extensive renovations, I'd like to know the percentage of renovations to potential revenue to bake in to the plan so my taxes are low but due to the add back nature of the depreciation I still show revenue to be lendable for the next one.   

@Andrew Postell I know I know. I also wish lenders would be transparent about their rating and approval process up front so we could all do our own homework. 

Just closed on a property and plan to rehab and refi in 3 months. It will be my 3rd purchase and renovation in 2 years. I've had zero vacancies and have met projections in a difficult area. Already looking forward to the next project. I want an honest and communicative lender that doesn't have DTI or bank statement cash flow requirements, that will lend on ARV, desktop appraisal preferred, that will lend up to 100% for purchase and rehab, that has a simple and convenient construction draw method not involving physical inspections. I have an excellent team, including architect and contractor. Definitely not looking for recommendations because that is not allowed on Bigger Pockets.

Every HML is somewhat unique, with their own qualifying criteria. Some will look at your average deposits over time, some don't care about your DTI and but do care about your liquidity. Some will give you a better rate and lower fees if you have investor experience, with differing methods of proving that experience. It can take a good bit of time to shop around for the right lender that matches your situation and your particular deal.