Tyler Speelman
Exploring Creative Solutions for Down Payment and Tax Avoidance
12 January 2025 | 13 replies
This not only defers the taxes on the two rental properties but then once they live in the primary residence for at least 2 years that home now qualifies for the Section 121 exclusion on the gain.
Patrick Braswell
Home Equity Loan vs. Refi on rental without existing mortgage?
19 January 2025 | 5 replies
As long as the rents can cover both the current PITI and proposed P&I payment, credit is at least 680. you should be able to qualify.
Jin Lee
Does this value-add opportunity increase the value of my property?
5 January 2025 | 1 reply
This extra road frontage now also qualifies my property to be able to be legally converted into a triplex from a duplex.
Account Closed
L.A. Wildfires and Their Tax Implications for Affected Residents
9 January 2025 | 0 replies
Understanding the IRS disaster relief provisions is crucial for residents seeking financial recovery.Under IRS guidelines, individuals and businesses in areas designated as federally declared disaster zones by FEMA may qualify for special tax relief.
Allende Hernandez
Do you run screening in all the potential tenants?
22 January 2025 | 16 replies
I've had qualified renters move into a rental, add their bum friends or family members, and then disappear, leaving me with bad renters who weren't approved and aren't on the lease.The best practice is to screen every adult, approve them, and add them to the lease.
Jordan Meltzer
Where to invest my cashflow?
21 January 2025 | 9 replies
At the price point you qualify for, I'd be looking at a more landlord friendly state with more approachable price points.
Michael Klick
2025 and Looking to Invest in Real Estate
21 January 2025 | 7 replies
HELOCs are fine, but keep in mind that you really only want to use 50 percent of less (each) of your available equity just so you aren't creating a problem that you can't solve later if the value of your personal residences fluctuates.If you both have W2 jobs though, have you looked into getting qualified together and just getting a loan, 10 percent down each?
Fredrick C. Oesterle
accepting multiple applications
9 January 2025 | 4 replies
Our laws require us to offer a rental first come first served (first completed application that qualifies must be offered the unit).
David Bull
2nd house out of 25 in the next 4.5 years
8 January 2025 | 4 replies
Made sure to check the ledger and T12 to ensure that the tenant was qualified correctly before purchasing the property.
John Marchefka
Rehabbing land INSTEAD of houses??
10 January 2025 | 13 replies
My niche is the small amount of qualified Sending land that is also priced well below the value of the new credits that can be clipped off and resold for an arbitrage profit.