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9 December 2024 | 3 replies
Suggestions I would make starting out a cross border tax advisor accountant is invaluable.
7 December 2024 | 4 replies
Account Closed is our local expert and am sure can strategize a plan for you.
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10 December 2024 | 13 replies
@Sean O'Keefe I believe the study this refers to actually costs around $500, plus a few dollars to your accountant if you want him/her to walk you thru it.
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4 December 2024 | 31 replies
You may not know what you want until you try it but one thing is for sure you just need to get started. as Account Closed has said, the BRRR strategy is a LOT of work.
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10 December 2024 | 9 replies
As a "retired" public accountant and tax consultant I perform a lot of detailed ROI analysis for my clients.
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6 December 2024 | 9 replies
@Roy LoganIt sounds like you’ve made some great moves in real estate investing—your BRRR strategy is paying off with those solid returns.At the bare minimum, you should do the following to make your bookkeeping easier:Dedicate one checking account and credit card exclusively to real estate.
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1 December 2024 | 68 replies
However, this is not the first time the company has offered over 17% annual returns.
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7 December 2024 | 2 replies
What they don't account for is that I could buy the home 15% below market rate.
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11 December 2024 | 10 replies
Financing provided through this program is only available for properties located in Michigan or Florida.Available Product Type: SOFR 7/6 ARM, SOFR 10/6 ARMLoan Amount: $766,550 MaximumLTV: Purchase and No Cash Out Refinance - Maximum 99%Prepayment Penalty: NoneLoan Assumption: NoneEligible Properties: 1-unit dwellings, attached and detached condominiums, PUDsEscrow: An escrow account must be established for property taxes, and flood insurance, if requiredUnderwritingNo Private Mortgage InsuranceOccupancy – Primary residencesMinimum Credit Score - 700DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)Student Loans – If in deferment, no qualifying payment requiredDown payment of 1% must be borrower’s own funds, while closing costs and prepaids may be gift fundsAttached condominiums require a 10% down paymentEligible Borrowers – Protect and serve heroes are defined as employees of public or private education institutions, employees of medical and healthcare organizations, all first responders, and active or former military personnel.Servicing: Retained
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6 December 2024 | 12 replies
It has been discussed on this forum multiple times, you can search the forum for earlier threads.The reason CPAs disagree is because it's somewhat controversial, especially between accountants who do NOT specialize in real estate.