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All Forum Posts by: Kyle Wainwright

Kyle Wainwright has started 3 posts and replied 5 times.

Post: Real Estate Accountant

Kyle Wainwright
Pro Member
Posted
  • Posts 5
  • Votes 2

I am looking for a real estate investor friendly accountant that would be knowledgeable on all aspects of tax benefits and strategies for a small investor but looking to grow slowly. 

Thank you!

Post: Financing for demolition and rebuild

Kyle Wainwright
Pro Member
Posted
  • Posts 5
  • Votes 2

That makes perfect sense, thanks for the quick reply Chris!

Post: Financing for demolition and rebuild

Kyle Wainwright
Pro Member
Posted
  • Posts 5
  • Votes 2

How does the financing work for a house purchased with the plan to tear down and build a newer multifamily building on the lot?  Does the original mortgage have to be paid in full since the collateral will essentially be removed during demolition?  Are there any loan options that don't require the original mortgage to be paid off first?  Any other things to consider on such a project?

Thanks!

Post: Buying a section 8 house

Kyle Wainwright
Pro Member
Posted
  • Posts 5
  • Votes 2

So it is just tied to the tenant and lease they are signed into not necessarily anything where the property itself is declared as section 8 housing  and has to be rented as such.  

Thank you!

Post: Buying a section 8 house

Kyle Wainwright
Pro Member
Posted
  • Posts 5
  • Votes 2

If I buy a current section 8 property does it legally have to stay section 8 housing?  What is the process to get out of this once purchased?

Thanks!