Shelby McKean
Starting out with 2 primary residences
28 September 2024 | 2 replies
We file jointly, but I want the investing to be my business in my name.
Greg Moore
Anyone moving their investments to Bitcoin?
7 October 2024 | 190 replies
Guggenheim filed with the SEC to add $500m worth of Bitcoin to one its funds.
John Ki
Syndication advice in Dallas Forth Worth area
30 September 2024 | 10 replies
Have any of the principals lost money in other deals?
Kelly Rao
Anyone have experience with Nomad?
2 October 2024 | 17 replies
It's exceptionally rare for rent to not be paid, especially to the point of having to file an eviction.
William Johnny
How Many times can you refinance?
28 September 2024 | 8 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
Walchli Donna
How to report income on hard money bridge loan repaid to me?
30 September 2024 | 8 replies
Clearly, I will find a CPA but I'm trying to get ahead of the game and prepare all the things I'll need for tax filing next year.
Duane A. Snow
Personal loan for deposit for DSCR
26 September 2024 | 7 replies
Hi Duane,That will definitely affect your DSCR as you'll be paying interest and amortizing the principal on the loan.
Max Kim
Buying Georgia Tax Deeds
30 September 2024 | 16 replies
I have a fairly extensive summary of GA tax sales process in my notes file — I’ll send to you later if you want it… but I found it in this forum if you want it sooner
Mona V.
Tenant mvoing out before lease ends
29 September 2024 | 7 replies
If they end up owing you money, you sue them and then file the judgement as a lien on their new house!
Heidi Jensen
Wyoming Holdings Going Away?
26 September 2024 | 5 replies
Beneficial Ownership Information Registry Now Accepting ReportsJanuary 1, 2024Existing Companies Have One Year to File; New Companies Must File Within 90 Days of Creation or RegistrationWASHINGTON – Today, the U.S.