Andrew Gonzales
Can I Wholesale without proof of funds when dealing with broker?
29 September 2020 | 2 replies
Also, automobile wholesalers don’t go to a retail car lot when trying to buy cars to wholesale to other dealers.
Bill Robinson
Rental house in disrepair with tenants
9 September 2021 | 11 replies
$125,000 - $40,000 = $85,000 less realtor fees to sell it, and will a lender finance it in it's present condition.Also, those pier and beams go out of wack all the time and maybe just adjusting them will fix it.Some of the older homes are jacked up with all kinds of automobile junk yard scissor jacks and Auto Zone bottle jacks, piles of rocks, stacks of 2 x 4's on grade, wooden shingles, tar shingles, etc... vs proper peirs.So maybe one of the renters (or one of their friends) crawled under there and removed the jacks to use on their car repair or sell at the pawn shop for beer money and now the floor bounces.Meaning get a 2nd opinion from a pier company (that's legit, has an office and a website, etc...) and have them confirm the ROT--if any.Because the floors do rot (sometimes) and also the piers go out of wack and sometimes also sometimes disappear into thin air--and no one knows what happened to them.Getting a 2nd opinion on if there is rot--with cell phone pics of it--would be smart--if none then adjust/replace the jacks.Good Luck!
Candice De
Short Term Rentals... Are they the root of our housing issues?
2 October 2021 | 26 replies
Every adult generally has an automobile, so at a minimum this is needed to control parking and traffic.
Amy Raye Rogers
Can I write off the purchase of a vehicle for tax purposes?
28 November 2021 | 14 replies
That's because the caps on annual depreciation and expensing deductions for passenger automobiles don't apply to trucks or vans (and that includes SUVs) that are rated at more than 6,000 pounds gross (loaded) vehicle weight.SUV’s with an UNLOADED gross vehicle weight greater than 6,000 pounds but less than 14,000 pounds are allowed to claim a Section 179 expense of up to $26,200.Trucks with an interior bed-length of six feet or more are NOT subject to this $26,200 limit.Trucks over 6,000 pounds UNLOADED gross vehicle weight with beds shorter than six feet are considered SUVs and subject to the $26,200 limit.Trucks, vans, and SUVs with a LOADED gross vehicle weight of over 6,000 pounds are NOT subject to the Section 280F limits.
DG H.
Old Texas Landlord law?
22 October 2021 | 26 replies
A lien under this subchapter does not attach to:(1) wearing apparel;(2) tools, apparatus, and books of a trade or profession;(3) schoolbooks;(4) a family library;(5) family portraits and pictures;(6) one couch, two living room chairs, and a dining table and chairs;(7) beds and bedding;(8) kitchen furniture and utensils;(9) food and foodstuffs;(10) medicine and medical supplies;(11) one automobile and one truck;(12) agricultural implements;(13) children's toys not commonly used by adults;(14) goods that the landlord or the landlord's agent knows are owned by a person other than the tenant or an occupant of the residence; and(15) goods that the landlord or the landlord's agent knows are subject to a recorded chattel mortgage or financing agreement.
Jasmine Smith
Aspiring Investor moving to Dallas,TX
31 October 2021 | 29 replies
I have financed a home and automobile before of course but I was wondering are there any other tips that may make me appear as a good candidate for a loan.
Rebecca Ramos
Are Mobile Homes In North Caroline a Good Investment?
16 November 2021 | 8 replies
If they are put on a rented lot, they depreciate like an automobile.
Account Closed
Taking a Hummer as a down payment?
15 January 2020 | 8 replies
Automobiles in general are a bad investment unless you are mechanically inclined and can get them dirt cheap.
Brennan Davis
How to finance your down payment
4 February 2020 | 11 replies
Well, I'll quote FannieMae.com directly here:"Borrowed funds secured by an asset are an acceptable source of funds for the down payment, closing costs, and reserves, since borrowed funds secured by an asset represent a return of equity.Assets that may be used to secure funds include automobiles, artwork, collectibles, real estate, or financial assets, such as savings accounts, certificates of deposit, stocks, bonds, and 401(k) accounts."
Russell Brazil
What Markets Are the Best & Worst Positioned For Coronavirus?
24 March 2020 | 18 replies
Detroit Salt mine industry, one of the oldest industries in Detroit before the automobile industry.