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All Forum Posts by: Osahon Abbe

Osahon Abbe has started 2 posts and replied 6 times.

Post: Qualifying for a conventioanl loan after Cost Segregation

Osahon Abbe
Pro Member
Posted
  • Slidell, LA
  • Posts 7
  • Votes 2

Thank you Basit! 

Post: Qualifying for a conventioanl loan after Cost Segregation

Osahon Abbe
Pro Member
Posted
  • Slidell, LA
  • Posts 7
  • Votes 2

You are correct. My wife qualifies for REPS and that’s how we are able to use the cost segregation. 

Post: Qualifying for a conventioanl loan after Cost Segregation

Osahon Abbe
Pro Member
Posted
  • Slidell, LA
  • Posts 7
  • Votes 2

Has anyone done a cost segregation on their tax returns and that reduced your W2 income through the losses claimed? How did you navigate getting a loan with the reduced income on your tax returns? I know you can use a DSCR loan but I am curious if anyone has qualified for a conventional loan with reduced income on their W2.

Post: Non recourse high LTV

Osahon Abbe
Pro Member
Posted
  • Slidell, LA
  • Posts 7
  • Votes 2

I recently did one of those non-recourse laons and a 70% LTV sounds like a pretty good deal. Mine was a 60%

Post: Self Directed IRA investing help

Osahon Abbe
Pro Member
Posted
  • Slidell, LA
  • Posts 7
  • Votes 2

I'm in search of real estate agents that have experience dealing with investors using Self Directed IRAs. Any help is appreciated.

Thanks

Post: Meet Up: BP Conference 2020 - New Orleans

Osahon Abbe
Pro Member
Posted
  • Slidell, LA
  • Posts 7
  • Votes 2

I'm in NOLA during the week and I'm interested