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17 January 2025 | 9 replies
You could house hack and use the other portion to AirBnb as then you meet the primary residence requirement in B.C.
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8 January 2025 | 5 replies
With your Fico and down payment, all you need to do is make sure you pass the debt to income requirements.
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10 January 2025 | 5 replies
Often times police departments have policies in place REQUIRING officers to activate body cameras when interacting with the public.
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9 January 2025 | 9 replies
If yu claim one it doesn't void the option to claim the other one.Provided you meet the IRS requirements for both, as a tax strategy, you could complete exclude a portion of capital gains under Section 121 and then defer the remaining capital gains under Section 1031 (@Dave Foster is a great resource for 1031 exchange). ..
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16 January 2025 | 18 replies
There were several mistakes made on my tax returns that I pointed out, which required going back and forth with their tax preparers, and asking repeatedly to cut to the chase and have a phone call.
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3 February 2025 | 47 replies
Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.
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11 January 2025 | 8 replies
Fannie Mae has a requirement that if you want to use the rental income from the non occupied units, that you MUST have a current housing expense which means you cannot live rent free.
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11 January 2025 | 9 replies
I wouldnt, so long as you have your requirements laid out - they should be able to know if it is even worth applying.
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6 January 2025 | 7 replies
These are all important considerations, and understanding the requirements can save a lot of headaches down the road.
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24 January 2025 | 36 replies
Many guests are fed up with all the chores AirBnb hosts require of them while charging cleaning fee. https://www.buzzfeed.com/alexalisitza/checklist-fees-screens....