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Results (10,000+)
Chris Mason PSA: Self employed generally now require ONE year of tax returns.
23 April 2019 | 1 reply
reviews and will not ping you in general if we have that or similar).SUPER EXTRA BONUS HINT: You already moved those down payment funds from your "business" checking account into your "personal" checking account 3+ months ago, so I'm not going to have to ask your CPA to write a letter "promising" that the use of "business" funds for your down payment will not impact your business operations (mini hint: no reputable CPA is going to write that letter FYI, see above about insurance...).Your self-prepared ("stated income") 2019 YTD P&L shows that you're doing even better than you were in 2018 or 2017.If you did ALL of the above including the super extra bonus hint: Then I'm over 60% sure that your 2018 taxes will be the ONLY basis of your income calculation, assuming of course an above-average competence lender local to the state where you are buying real estate.
Michael Vaughn Corporate Advances/Deferred Balance
26 April 2019 | 12 replies
This deferred balance wasn't counted on the tape from the seller but it was in the servicer's records so we got a nice little bonus!
Jason Reed Colorado statehouse proposing multiple Bills impacting rentals
29 April 2019 | 4 replies
Many of us have watched home and investment property values sharply increase over the last decade (double bonus if you acquired one 5+ years ago) but, the current CO State Senate and House aim to close the gap between what many tenants view as an imbalance of power.
Mark Mata Cash out 401k/Traditional IRA for RE
28 April 2019 | 2 replies
I’ve been listening and reading about Tom Wheelwright’s suggestion on cashing out on 401k/IRA and taking the penalties and investing it in real estate since new tax laws would be in favor of investors.With new tax laws (2017) and the many deductions (bonus depreciation and doing a Cost Segregation), would passive investors benefit by cashing out their previous employer's 401k or traditional IRA to invest in real estate?
Page Weil How is DTI calculated and when am I safe to buy another door?
27 April 2019 | 3 replies
If you have been at your current job for 2+ years then normally you can count anything you get including bonuses (if recieved for 2+ years, overtime, and or commissions)I am looking at the debts you listed and I am led to believe that there are many things missing such as an auto payment, credit card debt, student loans, etc.
Robert Adams Buy and Hold for 1 year w tenant then sold
27 April 2019 | 2 replies
Partners obtaining financing was an added bonus by limiting my liability.
Paul Teske Good or bad idea? Property management firm for my own properties.
1 May 2019 | 6 replies
Other legal protections afforded by the LLC are a bonus, but I fully realize that I can be sued as long as the property is in my name.
Jennifer Turner Help a newbie! How to finance purchase of two homes back-to-back?
30 April 2019 | 11 replies
Initial cashflow if we rented the whole place out would be $150-200/month (plus potential extra income from occasional AirBnB bookings of the bonus room with its own separate entrance).
Kim Phillips What makes an investor savvy realtor?
7 May 2019 | 11 replies
Not just setting up an MLS search for REO properties, but finding individual listings that are undervalued and sending them to me with an ARV estimate (bonus points if they include comps to support the ARV).Turn Around Time - I want to work with a Realtor who can get offers written and back to me to sign ASAP.  
Chris Jennings Recommendation for MA TAX Accountant
29 April 2019 | 3 replies
She also helps us out at our Black Diamond REI events, so you can meet her there as an added bonus.