All Forum Posts by: Sophie Sawyer

Shaun Weekes The loss are in form of inventory of products already purchases. What do you mean by "certain items can be added back"?

Can I take out mortgage loan given: I have a stable $100k W2 income from my employer, but opened an LLC this year and am projecting a loss of $200k in the first year. This loss is expected and not a problem. However, this loss' K1 makes my next two years' tax returns final income $0. I have $1 million liquid asset after the LLC loss. Debt to income ratio below 45%. I want to get mortgage to buy 5-10 $200k houses in the next two years. Do I qualify for congenital loan?

It was built in 2006, owner occupied, owners never noticed the foundation issue before. Sinking 1.5 inch at one corner of the house. Is there a difference between leveling the entire house VS just fixing the problem so it won't sink any further ? I wonder if that difference justified the 35 pier VS 8 pier quotes. For rental buy and hold property, simply fixing the problem and making sure it does not sink any further is sufficient, right ?

House value is $200k, earnest money is $3500.

I'm a buyer and love it. Wish you can show houses in Texas.

Looking for property managers at DFW area. Some manager charge 80% of the first month's rent, and 8% of the following monthly rent. While some others charge $75 per month flat fee (so 5% rent for my rent of $1500.) I know usually you get what you paid for, but how does this translate into reality for property managers?

Newbie to real estate: My offer got accepted but turned out there are foundation problems. The inspector estimated 8-12 piers for $3000ish. I asked three foundation companies to provide an estimate, their estimates are 10 piers, 12 piers and 8 piers respectively. However, the 8 pier guy recommended 20 piers to fix the whole house. My realtor recommended a 4th foundation contractor his coworker used before and this 4th guy's estimate turned out to be 23-35 piers to support the whole house. Their numbers vary so much that I'm now confused and scared. To make matter's worse, the 4th guy's estimate didn't come out until my option time just ended. Now I have paid $3500 earnest money and kind of stuck with this house. What can I do?

Hi, I'm new to rental business, looking for my very first rental property. I have a full time job and the ultimate goal for RE is to gain passive income as a supplement of my salary. Thank you for this informative forum and excited to make new friends :)

Hi, I'm new to rental business, looking for my very first rental property. I have a full time job and the ultimate goal for RE is to gain passive income as a supplement of my salary. Thank you for this informative forum and excited to make new friends :)

Hi, I'm new to rental business, looking for my very first rental property. Thank you for this informative forum.