Account Closed
What part of rental income do lenders consider?
14 September 2024 | 10 replies
Quote from @Shivani Kumar: Quote from @Patrick Roberts: For Conventional, there are two basic ways that income is evaluated - properties being placed into service (such as a new property being purchased), and properties already in service.
Danielle DeCormis
Quit Claim Deed to LLC Tax/Legal Question
13 September 2024 | 11 replies
Quote from @Patrick Roberts: You have three separate categories here: lending, legal, and tax.For the lending side, the lender has a clause in the loan documents in 99.9% of loans that allows them to "call" the loan if their is a change in ownership of the property.
Joseph Nguyen
Lowering DTI via SFH
12 September 2024 | 9 replies
Quote from @Patrick Roberts: 1st question: If you buy a new property and rent by the whole house, then yes, that income would be counted at 75% of the gross rent.
Gurusubramaniam Sundararaman
Tools for managing multiple properties
10 September 2024 | 7 replies
@Patrick Drury Currently with just primary and 1 investment property out of state, I am finding it hard to keep track of these URLs, I didn't opt for Escrow for taxes since I want that to be in my control, so I invest them in other forms.
Adria T.
OWNERS Feedback On Property Management? ( MINI- FOCUS GROUP)
10 September 2024 | 4 replies
Patrick -- I've been the director of Operations and also VP for two "Full -Service" property management companies right here in Columbus, Ohio?
Peter McCauley
House Hacking a Single Family within Year 1 of Mortgage.
9 September 2024 | 9 replies
Patrick, Thank you for the advice and feedback.
Account Closed
Property management apps
9 September 2024 | 18 replies
@Patrick VosThanks Patrick, great to hear.
Nichole Gabriel
Absentee list vs. Probate List - Services?
12 September 2024 | 54 replies
List source is still the leaderIf you call in Monday ill be happy to explain if im not in ask for Norma or Patrick.
Colleen Barone
First time purchase- POS question
10 September 2024 | 34 replies
Quote from @Patrick Drury: @Colleen BaroneAs @Nathan Gesner Mentioned you are supposed to but in reality 9/10 deals that get sold in areas with a POS will not have a POS report provided prior to writing an offer.
Michael Ming
Seeking Advice: Managing Tax Obligations and Property Down Payment
9 September 2024 | 7 replies
Quote from @Patrick Roberts: Are you able to get on an installment plan with the IRS?