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Results (10,000+)
Isan Sahoo What's the STR forecast for 2023?
24 May 2024 | 100 replies
The answer depends upon where the property is at (local regulations and political headwinds), interest rates, unemployment-employment, household debt levels and consumer confidence, cost of getting there (airfare, gasoline prices, etc), cost of running the STR etc.
Christian Lo Just bought my primary home but will have to move due to job relocation. Can I rent i
18 May 2024 | 5 replies
I would also start considering what a move may look like and initiate interviews with possible employers in the new area.
Bukka Levy Using business credit cards to fund buy and hold. Help?
21 May 2024 | 53 replies
In the commercial & private money world its all fair game and case by case.Use of credit cards to purchase properties to acquire/capture equity, create, cashflow, provide additional tax shield/benefits against your income, and improve your real estate investing venture is definitely one way to go about it but it should not be the sole method since there are risks like many have mentioned above.If you're using business cards (linked to your FEIN - federal employer identification number) and it doesnt report to your personal credit then it might be more prudent credit wise because your Fico scores won't tank when you max a business card out versus a personal credit card (drop of 80-100 fico pts temporarily till you payoff).So with prudent timing (funds seasoning), knowledge of how to maintain your ficos so you still qualify for your cheaper conventional money, and how to use the cards to purchase can definitely expedite your REI journey.Most people I encounter would not have the know how to do it correctly as I see plummeting fico scores, in ability to qualify, and many other issues with using cards to invest on a weekly basis.Best of luck,
John Wallace How to use DSCR loan to acquire more properties
19 May 2024 | 2 replies
DSCR is a great tool to use when you are self-employed or you want to avoid using personal or business income to qualify.
Victor Nguyen How can I find lenders to give me a mortgage if my only income is 1099?
18 May 2024 | 12 replies
If you have been self-employed for 2 years lenders will use 12 months of your deposits into both your personal and business accounts as qualifying income.
Matthew Spiers Cap-Rate Qualifying Loans
18 May 2024 | 4 replies
Instead, they typically employ a sales comparison approach to determine the property's worth, using the income to calculate the DSCR, which usually needs to exceed 1.0 for most lenders.Assuming you have a solid track record with the property and there's enough equity in the deal, leveraging the After Repair Value (ARV) on a sales comparison evaluation could enable you to refinance into a bridge loan until the necessary work is completed.Maybe a mortgage broker specializing in traditional loans could offer insights into construction-to-permanent loans
Brett Hundley Short Term Rental Loophole without Airbnb Permit
18 May 2024 | 3 replies
The cities here in Coachella Valley must employ some high-tech IT peeps because they troll for bad actors, find them with AI and other tools, and fine them $5,000.
Paul Elston Moving to North Carolina
18 May 2024 | 13 replies
Hello all,A lateral move with my current employer has my family moving to North Carolina. 
Don Konipol Why I Believe Striving to Build Passive Income is Overrated
21 May 2024 | 34 replies
And most folks dont truly understand what its really like being Self employed
Joseph Skoler Transfer real property from s-corp
20 May 2024 | 28 replies
. #2 reason is that rentals already bypass self-employment taxes (usually) which is the primary benefit of an S Corp (reduce SE tax plus PTET possibility).There is zero harm leaving it in the S Corp just don't revoke your election.