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2 February 2025 | 14 replies
Maybe with a low (70% or less) LTV or an ARM and stellar credit...also depends on what type of loan you're looking for (nonQM or conventional Fannie/Freddie)
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22 January 2025 | 21 replies
Also be aware of Unrelated Business Income Tax (or UBIT) on leveraged real estate inside of an IRA.Or better yet, since you are self-employed - go with a truly self-directed Solo 401k plan, which would be a much better option and will help you avoid the UBIT on this investment.
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4 February 2025 | 2 replies
The mold house would only be a good investment if you can buy it at a low enough price to cover the necessary renovations.
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5 February 2025 | 6 replies
It's going to be challenging to find another house hack with as low of a monthly payment as you currently have, given the low interest rate.
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17 January 2025 | 4 replies
I've been self-employed for only 6 months, and loans are proving difficult to come by despite my great credit (not to brag, I'm moreso frustrated and seeking help).
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31 January 2025 | 8 replies
At this time I manage and renovate majority of all my units to keep cost low but most likely not the best use of my time although I'm skilled at it.
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12 January 2025 | 12 replies
You may also need to provide additional documentation, such as proof of income and employment, and may need to have a co-signer who is a U.S. citizen or permanent resident.In terms of buying with an LLC, it can be a good option for some foreign buyers, as it can provide additional liability protection and potentially offer tax benefits.
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5 January 2025 | 5 replies
Having watched many prior co-workers get paid, cash their check at the casino, and promptly deposit it all into a slot machine I can tell you with pretty good certainty that casinos don't have a positive effect on disposable income and good use of the existing income in the area surrounding :)Are there solid local employers OTHER than the casino in a 15-minute drive?
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5 February 2025 | 35 replies
Is it possible to buy a property in Seattle low enough to get 1%, yes.
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6 February 2025 | 13 replies
This can provide a better depreciation benefit than traditional STR real estate.If permanently affixed to land, it qualifies for real estate depreciation (27.5 years for residential properties).Considerations:Zoning laws and campground restrictions may impact legality.Self-employment tax risk arises if you provide substantial guest services.Vacation home rules apply if personal use exceeds 14 days or 10% of rental days, limiting deductions.Audit risk is high, so keep detailed records of participation, expenses, and rental operations.Given the potential tax benefits and complexities, consulting a real estate tax professional is advised to ensure compliance and maximize deductions.This post does not create a CPA-Client relationship.