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1 November 2024 | 22 replies
However, rental real estate activities in which you materially participate aren't passive activities if you qualify as a real estate professional.
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1 November 2024 | 5 replies
You qualify for installment sale treatment on the taxable gain if you go with seller financing, which is at least something.
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3 November 2024 | 21 replies
Are you aware that on some deals some lenders may require certain net worth requirements of you, and certain amounts of cash equivalents to belong to you to qualify as a borrower?
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4 November 2024 | 19 replies
You can do a second mortgage using DSCR to qualify and be able to close in an LLC however I have not found any HELOCs that allow closing in an entity.
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7 November 2024 | 18 replies
If a deal doesn’t qualify, our coach personally explains why and offers guidance.
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2 November 2024 | 8 replies
It covers your down payment and in most cases the closing costs depending on what state you live in or County.Focus on 2-4 unit multifamily homes first if possible because you can use 75% of the rents per month of each door/unit as income to qualify.
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31 October 2024 | 0 replies
I'm fairly confident from reading online we don't qualify for an exemption, but I'm trying to assess actual closing costs to trying and reduce them All details:Bought the house 2.5 years ago for $980K (left on mortgage $753K), we have a clause for an assumable mortgage for me to take over (I can keep same rate).
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4 November 2024 | 12 replies
While reading these discussions, notice whether people who share their opinions are qualified to do so.
2 November 2024 | 8 replies
If the tenant makes sense, the rent is there, and it all works for the particular property, I'll go with S8.But I'm not the type to turn down a well qualified cash paying tenant simply because I only want S8.
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5 November 2024 | 28 replies
Because I’m still building my portfolio of rentals, I have them in one LLC because it makes qualifying for loans easier.