All Forum Posts by: Isabella Romano

I am looking to buy a new property and am running into issues getting qualified for conventional loaning due to high DTI. I have a rental property which cash flows, however on my last tax return I had reported the rehab costs for this property as a write off. So the loan for the rental shows as a debt but the income is not reported to the bank where we are trying to get the new loan. We will be renting our current property when we buy this new property to use as our new primary residence. Any advice on how to get rental income reported (from the current rental property and future income from renting out our primary residence) and lower the DTI??

Has anyone taken advantage of the new high efficiency electric Home rebate act that was passed in addition to the i flatiron reduction act? I am looking into upgrading several electrical systems in my home (heat pump mini split, electric dryer and electric range stove) and some of these products seem to qualify for a significant tax rebate. I can’t find a solid answer on when these incentives take effect though.

Seems that they are a “point of sale” refund however contractors I have spoken with seem to think the rebate comes after filing your taxes. I’ve also seen conflicting information about when it takes effect. If anyone has helpful information or if you are using this incentive to upgrade your own properties please reply with details:)

Thanks!!

Hello,

Has anyone used a crashpad for military members? I’ve looked into it as an alternative to listing on Airbnb/VRBO and it seems like it has potential to be a great opportunity for cash flow. This is different than a “classic” crashpad which is typically more like a hostel for aviation crews. This would be short term leases specifically for military members and would be covered by their off base housing stipend. Looking for any information/ input from people who have heard of this! 
Thanks!!

That would be fantastic thank you!

Hi,

I’m looking for recommendations for a CPA in the Albuquerque area who has experience working with investors.

Thanks!

Hi,

I'm new to the community and trying to figure out the best site to list my rental property on. This property is in Albuquerque NM which is not a particularly popular vacation spot. We would like to do a furnished rental for 1-3month leases. The property is very close the the local hospital, medical school and university so it would be ideal for traveling hospital workers/nurses/students. I was wondering if anyone has used furnished finder? What are the benefits of this site compared to listing on airbnb or VRBO?

Thanks!