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31 May 2024 | 12 replies
That should fix your cash flow issue while also giving you a bit more security, since you're not counting on a single lease anymore.
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29 May 2024 | 2 replies
I was wondering whether I can show an executed lease between me and my LLC to make 75% of the rental income stated in the lease count toward qualifying for the new primary residence mortgage which allows me to put down only 5%.
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30 May 2024 | 6 replies
You will have to have an experienced team of contractors under your belt to assess the property and a good realtor who is a great marketer; don't just count on MLS.
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29 May 2024 | 1 reply
Some takeaways from him:Treasury Regulations section 1.280A-2(i)(3) gives a couple of ways you can proportion the rental portion of a property--my accountant used square footage.Under section 280A of the tax code, common areas that you also use are considered part of your personal space and unfortunately aren’t counted as part of the rental space in the proportion calculation.
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30 May 2024 | 9 replies
@Tarcizio Goncalves you’ve already received good input on what counts as capital expenditures.
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30 May 2024 | 10 replies
Sending them to collections may get some money back, but you shouldn't count on it.
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29 May 2024 | 0 replies
A Comprehensive Guide to Homebuying, it's essential to be thorough and methodical to ensure you're making an informed decision but draw boundaries, it's okay to open built-in closets and kitchen cabinets to assess the property, However, respect the seller's privacy by not invading their personal space, such as medicine cabinets, storage boxes, or clothing drawers,Interior:Architectural style.Bedroom and bathroom count, size, and location.Closet and storage space.Number of floors.Sightlines and general floorplan.Appliance age and condition.Light switches and socket count.Plumbing and water pressure.Natural light and views.Noise levels.Stairway width and type.Porches and decks.Garage and parking capacity.Proximity to neighboring homes.Remodeling opportunities.Exterior:Roof and siding condition.Landscaping and outdoor maintenance needs.Additional Considerations:Take notes and photos during the tour.Use your five senses to assess the home's condition.Ask your real estate agent questions about the home's features, flaws, and market conditions.Red Flags:Overly scented rooms.Water stains and damage.Lack of maintenance.Foundation issues.Sagging ceiling.Fresh paint that may be covering up issues.Final Tips:Be prepared to make multiple offers before finding the right home at the right price.Stick to your budget when making an offer.Don't overlook potential red flags just because you love a home.
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31 May 2024 | 187 replies
Many would say that I got lucky buying most of my properties during the great recession and that this cannot be duplicated, but I disagree on both counts.
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30 May 2024 | 6 replies
Count on mortgage and bond markets to remain volatile, yet range-bound, circling the 6.7-7.5% range.
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30 May 2024 | 47 replies
I'd like to get a head count.