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22 January 2025 | 2 replies
they're not magic.are you going to in-person / informal meetups?
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4 February 2025 | 17 replies
If the IRS has a Form 1098, they assume that the person listed on the form made the payments, and they move on.
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22 January 2025 | 4 replies
Lots of loan options can close in an LLC, helocs usually need to close in your personal name.
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22 January 2025 | 12 replies
Quote from @John Friendas: As a person with an average salary, I was wondering what the maximum amount of DSCR loans a lender would give out would look like?
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23 January 2025 | 11 replies
Living in one unit and renting out the others allows you to deduct 75% of expenses like mortgage interest, property taxes, insurance, and shared repairs as rental expenses, while the remaining 25% applies to personal use.
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12 January 2025 | 8 replies
Local Investment StrategiesHouse Hacking: Given the affordable entry prices, Albuquerque can be a great place to start house hacking, especially near the university areas.BRRRR: For those familiar with the Buy, Rehab, Rent, Refinance, Repeat method, there are opportunities in Albuquerque to purchase under-valued properties, especially in areas undergoing gentrification.Airbnb/Short Term Rentals: As previously mentioned, the city's rich cultural appeal can make certain properties lucrative for short-term rentals.
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28 January 2025 | 9 replies
The voucher is the most that Sec8 will pay for that person’s rent regardless of where they rent. 2) The second part of the Sec8 equation is the market rates for specific neighborhood’s and property types (SFR vs apartment, # bedrooms, # baths, utilities included vs paid by tenant, etc).
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30 January 2025 | 3 replies
In high-cost markets like Chicago, that can be tough to meet.If you're looking at a duplex, the self-sufficiency test doesn’t apply, so you’d just need to qualify based on your personal income and the rental income your lender allows.If your current lender isn’t familiar with making FHA work in your situation, it might be worth getting a second opinion from someone experienced with FHA multi-unit financing.
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28 January 2025 | 9 replies
You can find it through the MNREIA web site or email me if you have any troubles.Type @ and the first few letters of a person's name to link.
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29 January 2025 | 5 replies
There are any number of Real Estate schools available to you, so choose the one that compliments your learning style, whether that be online or in person or a hybrid.