Ivana Ivanovic
Help me figure out if I am crazy or...
18 September 2024 | 35 replies
Turnkey providers often exclude a lot of the "soft costs" that always come with owning rental property.I work with a company and all we do are BRRRR type deals in Detroit for cash investors.
Michael Plaks
EXPLAINED: Tax strategy or an abusive position?
15 September 2024 | 2 replies
You cannot (legally) exclude your capital gain when you sell your NJ house next year.
Jerryian Francois
Looking to connect with some wholesalers in Miami !!
11 September 2024 | 17 replies
We actually market 25 of the largest counties in Florida, excluding Miami-Dade and Broward.Hey that’s awesome congratulations would love to hear more on why you exclude Miami and broward would love to connect I sent a request !
Account Closed
What part of rental income do lenders consider?
14 September 2024 | 10 replies
As an alternative, underwriters can do a cash flow analysis from the business tax return (2-year average) and exclude the personal liabilities from your credit report if the mortgages have been paid from a business bank account for 12-months.
Joseph Nguyen
Lowering DTI via SFH
12 September 2024 | 9 replies
Same goes for DSCR loans - even if theyre not on your credit report, if you PG'd the loan (which is almost always the case), it will be included unless there is a justification to exclude it (such as it's been paid by your entity for at least 12 months and is included in a business cashflow analysis).If you're finding good deals and have cash for downpayments, but are hitting DTI roadblocks to acquire more properties, then DSCR loans are likely the answer.
Nichole Gabriel
Absentee list vs. Probate List - Services?
12 September 2024 | 54 replies
I now have 727 leads in this search, this is what I did: - 4 counties - Absentee Owned - min. 3 bedrooms - SFR- 50% to 100% equity - $50,000 to $100,000 Last sale price - Exclude Trustees and Corporate - Mailing address complete Did I miss anything??
Abraham Berkowitz
How could I avoid paying a lot of tax on capital gains through a fix & flip?
10 September 2024 | 7 replies
Since you’re not planning to live in the property as your primary residence for at least two out of the five previous years, you won’t be able to exclude up to $250,000 (if single) or $500,000 (if married) from the gain on the sale of the property.
Joseph Scorese
Key Differences Between DSCR & Cap Rate that a Real Estate Investor Should Know
10 September 2024 | 3 replies
Formula & Components DSCR Formula: Net Operating Income (NOI): Income after operating expenses (excluding debt service).
Haiden Welch
Minimum amout for starter investment?!?
11 September 2024 | 17 replies
With syndications, you usually have to be an accredited investor: minimum $200,000 income ($300,000 for married couple) or $1 million net worth (excluding primary residence).
Judd Campbell
Overseas living and managing rentals FEIE
7 September 2024 | 9 replies
Also, I have a 10 year visa for Thailand which excludes me from paying any taxes on income or wealth here in Thailand.