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Results (10,000+)
Ian Dale Ibrado how to get funded in first small multifamily 5 units and up
25 October 2024 | 13 replies
Typically minimum loan amount of $250-300k and borrower will qualify off of the income of the property, usually 25-30% down is required.
Brick Biermann Any creative way of getting equity out of investment property?
24 October 2024 | 7 replies
A DSCR Cash Out Refinance is what I am going to recommend on this.Typically can go up to 75% LTV on a cash out if you have good credit.There are plenty of lenders around here who can get them done,On a DSCR loan we do not take into account your personal income but instead qualify you based on the income generated from the property.
Matthew Christofferson New Member Intro. Where do I start?
25 October 2024 | 8 replies
I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.
Heidi Kenefick 1031 exchange and depreciation recapture?
28 October 2024 | 34 replies
(Most notably, they've gotten REPS aggregation all mixed up in the past.)Based on the regs seems that:- 1245 ordinary income recapture applies to some forms of property that qualify as "real estate" for 1031 exchange purposes- 1245 recapture on such "real estate" overrides 1031 deferral such that 1245 depreciation is recaptured to the extent there's a trade down in 1245 property in the exchange@Heidi Kenefick There are many additional mitigating considerations worth discussing in conjunction a real estate tax accountant.    
Young Yoo Short term rental regulations in Door County
23 October 2024 | 1 reply
To qualify as a Resident Agent the representative must reside within a 25-mile radius of the Town of Baileys Harbor or be a corporate entity with offices located within a 25-mile radius of the Town of Baileys Harbor.7.
Bryce H. Chapman Property near SMU
22 October 2024 | 3 replies
For a 1031 to qualify for the tax deferral the same taxpayer needs to be on title for relinquished property and replacement property.
Ryan Haltom How Long to Live in a House Hack
22 October 2024 | 8 replies
Hey Everyone,I have heard it said on the podcasts before that the reason you are required to live in a house hack for at least a year is because that is how long it would take you to qualify for another mortgage to go buy your next one.
Jeffrey Duck How to manage trash cans for a triplex
23 October 2024 | 3 replies
He's someone I already knew, and he does the work for a small rent discount but he's about to move out and I don't think it'll be so easy to find another qualified tenant without losing a month's rent while looking.Before I bought the building, the tenants were all responsible for taking their own cans to the road and they were collectively responsible for keeping the area clean, but they didn't (and I didn't know they didn't.) 
Cindy Joseph First time land lord- need advice on rent/income ratio and let fee
23 October 2024 | 7 replies
They either do or don't qualify.
Mark A. McElhannon Tax liability when selling investment property
22 October 2024 | 11 replies
(adjust cost basis - net sale = net gain)Once you have that you can deduct state and federal taxes from that figure.It doesn't sound like it in this scenario, but if you have lived in the property for two out of the previous five years you could qualify for the 121 exclusion.