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Results (10,000+)
Raul Velazquez REI in Vancouver, BC
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.
Dominic Campelo Newbie Looking to House Hack Possibly
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
Laurence K. Police Bodycam footage
10 January 2025 | 5 replies
Often times police departments have policies in place REQUIRING officers to activate body cameras when interacting with the public.
Tim Hem Capital Gains and IRS Publication 523
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). ..
Melody R. Thoughts about the virtual CPA firm The Real Estate CPA?
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.
Ivan Castanon I need to change strategies. What should I do?
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.
Summer Shelton Income from property considered when applying for loan as primary residence
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.
Allende Hernandez Is it legal (or a good idea whatsoever) to reimburse screening fees?
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.
Noel Coleman Unlicensed & Uninsured Contractors
6 January 2025 | 7 replies
These are all important considerations, and understanding the requirements can save a lot of headaches down the road.
Darlene S. Avantstay pros cons for an owner? Short Term Rental
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....