Matt Wan
Getting a mortgage as a non-resident US citizen
23 December 2024 | 15 replies
Many borrowers file this form as an exclusion to their US federal taxes as they may have been taxed by the country where they are earning the income.Required Documentation for Foreign IncomeWhen it comes to processing foreign income for a loan, documents required may include:» Most recent personal tax returns» History of receipt» Proof of continuance of foreign income earnings» Conversion of the income from the foreign currency to US dollarsThese documents must be translated or completed in English so that a loan reviewer can properly evaluate the information provided.Fannie Mae & Freddie Mac GuidelinesIncome from Foreign SourceIncome from foreign sources must be reported on the borrower’s most recent U.S. individual federal income tax returns.
Aaron Robertson
How AB 2622 Is Transforming Property Management in California
9 January 2025 | 0 replies
Simplified ManagementFor those managing multiple properties, AB 2622 streamlines operations by expanding your hiring pool and removing the red tape often associated with minor repairs.Why It Matters for TenantsTenants also benefit from AB 2622:Faster Maintenance: Minor issues like plumbing or lighting can now be resolved promptly.Fairer Move-Out Costs: Affordable repairs mean tenants aren’t hit with inflated charges for damage beyond normal wear and tear.Things to Keep in MindWhile AB 2622 makes maintenance easier, landlords should still vet unlicensed workers carefully, ensure proper insurance coverage, and remember that jobs requiring permits must involve licensed contractors.AB 2622: A Win-Win for California’s Rental MarketAB 2622 strikes a balance between flexibility and accountability, making it easier for landlords to maintain high-quality rentals while fostering better tenant relationships.
Jonathan Worrell
Mentoring and Advice
13 January 2025 | 3 replies
Seller financing is a good way to start if you are looking to sell to your current tenants, other than that, you will need to run into a proper plan why you will need that and how long will it take you?
Jacob Campbell
First Rental Property - TurnKey Options
11 January 2025 | 2 replies
We vetted a handful of "turnkey" companies and REI Nation was the best in terms of reviews across multiple sources.
Kwanza Price
Advice for Finding Contractors (San Francisco)
11 January 2025 | 2 replies
Yelp is a good source because it lets you read reviews of actual customers.
Jeff Ryan
Mobile home purchase (on rented lot) for single family home investment
6 January 2025 | 14 replies
I have listened to some very good podcasts on the merits of owning and investing in the parks, being the source of housing it is.Good question!
Ashley Larkin
HELOC Question for my LTR Under a Business Name
9 January 2025 | 2 replies
My favorite source is Navy Federal for its long draw period of 20 years, and Figure for its fast funding.
NA NA
Question about wholesaling
9 January 2025 | 1 reply
So, questions: (1) How do I properly introduce myself role when calling a seller and cash buyers?
Julio Gonzalez
Cost Segregation Study Approaches Explained
31 December 2024 | 0 replies
Your specialist must find a reliable source for the estimated cost and clearly document the source within the case study.
Dean Sexton
New to real estate investing. Quick question
14 January 2025 | 4 replies
You want to make sure they are properly installed and you don't want tenants moving large appliances in and out of the house as it will cause damage.