Kayla Weigel
How Do I Finance My Third House WITHOUT W2 Income?
21 March 2024 | 16 replies
One property is a condo (in CA) that I rent out, and the other property is a house (in NV) that I live in and rent out the other rooms.I quit my W2 job last year to start a business, which is slightly profitable today, but I reinvest everything back into the business.I have a bunch of cash saved up and am comfortable deploying $100K into another property in Las Vegas ($80K down payment + $10K furnishing + $10K margin).The only problem is that I’m not sure how to finance my next house without W2 income.I talked to a few lenders about DSCR loans, and most say they calculate rental income based on the entire house, instead of by the room.I would love to get the creative knowledge of the BP community on how to fund my next home 🙏🏼I'm also open to any lender referrals 😊
Brandon Morgan
Investing out of state/country Puerto Rico
21 March 2024 | 4 replies
My understanding in any overseas investing is financing and land ownership are key issues.
Luke Masaschi
Pricing in Diverse Market
22 March 2024 | 7 replies
I also raised my prices to a base of 150 from a 120 and my minimum is now 120 a night.I cash flow a great amount but should I try and get more?
Mack Fleming
Need ideas to pursuade neighbor to sell small piece of property.
20 March 2024 | 0 replies
Bottom line, the neighbor does not want to relinquish control over the land.
Keith Thomas
Are shipping containers still a thing ?
20 March 2024 | 6 replies
Hello everyone, So I am starting out looking at a plot of land in a very popular area of Pittsburgh.
Justin Foster
How should I outsource bookkeeping?
21 March 2024 | 8 replies
Pricing - most bookkeepers I know are transitioning to flat rate pricing that includes software costs, based on the complication/volume of your business(es).
Dalton Dillon
Questions regarding ARV & appraisal
21 March 2024 | 10 replies
Keep your options open, adjusting plans based on appraisal outcomes, and remain agile in your approach.
Michael Perymon
New Member from Suburbs of Philadelphia
19 March 2024 | 8 replies
I'm a new real estate investor who's primarily making deals in Delaware, Montgomery and Philadelphia Counties.
Elizabeth Block
Easement by Necessity for a landlocked parcel: RE Attorney?
20 March 2024 | 0 replies
A development came in around the parcel, with city owned land on one side.Any recommendations are appreciated.
Daniel A.
Schedule E or Schedule C?
21 March 2024 | 3 replies
But you can still treat it as resulting in Ordinary Income even though it is reported on Schedule E, which lets you properly report in accordance with the tax results it seems you are shooting for under the tax return loophole.If your CPA is looking at switching it between schedules to get that tax result...it sounds like they don't understand the reporting position fully and/or they just don't know how to use their own software to address it.In summary, based on what you are describing for the situation, it should go on Schedule E, with what sounds like the resulting refund of $17k.