
12 December 2024 | 6 replies
I am guessing there is either a preferred or in house lender with large amounts of credit to get to this?

11 December 2024 | 10 replies
@Nate Jenks no problem, here to help and clarify.When we speak to "cash out" loans in lending the maximum loan amount is usually 80% LTV on a primary home.

13 December 2024 | 8 replies
You can "buy" the property from the QI for the $450K (the amount you lent to them).

11 December 2024 | 5 replies
It will show the rent amounts, who pays utilities and expenses they know annually.

11 December 2024 | 8 replies
Borrowers are not allowed to complete any of the work themselves as sweat equity.Loan to Value Calculations:The original principal amount of the mortgage may not exceed Fannie Mae’s maximum allowable mortgage amount for a conventional first mortgage.Purchase: For a purchase money transaction, the LTV is determined by dividing the loan amount by the lesser of the “as completed” appraised value of the property or the sum of the purchase price of the property and the total rehabilitation costs.Refinance Transactions: For a refinance transaction, the LTV is determined by dividing the original loan amount by the “as completed” appraised value of the property.Eligible Renovation:There are no required improvements or restrictions on the types of repairs allowed.

12 December 2024 | 6 replies
Hello,I am wondering if anyone knows the answer to this, I am a Canadian citizen with many single family houses that I own in my Florida LLP, I am currently using the structure of paying taxes from the the profits from the LLP flow thru into my personal name, paying taxes in Florida and then having to pay the difference in taxes in Canada ( minus the amount I paid in Florida as a foreign tax credit).

12 December 2024 | 2 replies
I have a separate account for my real estate properties and keep a base amount there.
13 December 2024 | 4 replies
Your minimum down payment amount for a 2-4 unit will be about the same as an often required 20-25% down payment on a co-op.

11 December 2024 | 16 replies
The good thing about bonus depreciation is that you can take the amount eligible for bonus depreciation in that given year.For example - if you place a $50,000 item under 5 Years MACRS on December 31st, it would be eligible for bonus depreciation which as of right is now 60%.

12 December 2024 | 17 replies
You could buy the meter, have a plumber install, you connect to computer, charge the exact amount of water usage.