All Forum Posts by: Karthikeyan S.

Good, thank you !

When on H1b can we take the active RE losses/expenses to offset W2 wages?

@Michael Plaks

@Katie L.

Thank you for the references.

@Joshua Heath

@Andrew Syrios

@Jill F

@Michael Ablan

@Peter Davis

Great replies and thank you everyone for sharing your thoughts and experiences. Let me see how this goes.

Any references for CPA in Southern CA to file tax returns for 2020 including REI.

When a Turnkey home inspection report has a comment "HVAC is nearing the end of its expected useful life. Servicing and assessment by a qualified HVAC technician are recommended", how are we supposed to negotiate with the seller?

1. What should be minimum life expectancy for a HVAC system when the property is called as a turnkey property?

2. Average end to end cost to replace a HVAC in states like AL?

3. Can HVAC specialist certify that this HVAC system can run for additional X years?

4. If seller is not ready to fix, how much seller credit should we negotiate?

Please suggest.

Joey-

Just checking how is this going with Smartland. Thx!

One correction : Title of the primary home is on both of our names

Myself and my wife wanted to purchase 2 investment properties ( SFL or Duplex) on our names individually and with two conventional loans as individual borrowers (no co-borrowers). Location is not decided as we are in the process of getting pre-approvals.

I have a HELOC on my primary home (title with my spouse) but I am the borrower on the primary loan and HELOC. Currently, this HELOC has 50% balance and I would like to use the remaining funds in HELOC for down payment.

Question:

1. Can I use my HELOC funds for down payment without any seasoning requirement?

2. Can my wife use my HELOC funds for down payment on the property she would buy?

3. If answer for Q#1 is Yes, then I am thinking of moving my idle funds in checking towards reducing the balance in my HELOC.

4. If answer for Q#1 is No, then I should keep the funds in checking account to avoid the seasoning period.

5. Can we share funds in our individual checking accounts towards down payments or this will require seasoning again?

Any suggestion on best turnkey companies which also will take care of Property Management? I am thinking of a multiplex in B regions.