All Forum Posts by: Min Liang

No the quad is for pure investment/rental income only

So second part to my question is... I just bought a Quadplex in sept of 2018... what r the things I can write off..?😅

Michael Plaks...

Well put sir...

Hi ya!

I have a question regards to tax return for 2018... since u can’t itemized on personal return... people r getting very lil back.. is there any write off DOs & DON’Ts on investment property for 2018?

Thx guys! Now I gotta think of how I can do it... spring is coming n lotta houses gonna b on the market soon

Hello all!

i bought a quad-plex bak in sept of 2018 as an investiment property in fort myers FL and now i want to buy a duplex... but to come up wit the downpayment of 25% + closing is lil too much for me to do. can i apply for the mortgage as OWNER OCCUPIED so i can put down less downpayment? if not, is there any way to go around it?

Yea I been calling n asking around... so far Wells Fargo only go 60% on the investment property... n TD is saying I have high DTI... they want it at 40% n mine is at 53%... now underwriter is trying to play wit the numbers n I'll go with FEDPEN if TD denies me.. I should have explore more options before I apply for it wit the TD bank... thx u guys

Thx guys

Thx

Hello!

Any idea which bank would do HELOC on Investment property LTV 80% in Fort Myers FL