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2 September 2024 | 7 replies
It's a very common mistake where an investor sold and bought properties and then when it's tax time they find out they didn't do the right process to actually qualify as a 1031 exchange.
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2 September 2024 | 4 replies
You also would need to properly account for all of this.You would want to discuss your specific situation with a qualified CPA to determine if this can be done and if it really benefits you any.
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2 September 2024 | 11 replies
Yes like others have stated, You can do an 80% Cash out on a DSCR loan, however the rate will be significantly high due to LLPAs, making it very difficult to qualify.
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7 September 2024 | 85 replies
I would recommend speaking with a qualified custodian to ensure you set up the account correctly, which is step one.
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1 September 2024 | 3 replies
I have a hard time qualifying due to lack of 'earned' income anyway.
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3 September 2024 | 9 replies
A 2-4 unit is going to cash flow much better after you depart, which will help you qualify for properties in the future.
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1 September 2024 | 2 replies
While I’m no fan of realtors, and think they are often overpaid and under qualified, the idea about not being tied down is one of the dumbest compliant’s, in literally every other line of work, you get tied down, go hire a lawyer, you pay them by the hours, go hire a doctor you pay them by the hour, and you are not being tied technically, you could agree to pay two agents out of pocket, but of course no one does this for the same reason no one pays two lawyers.
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31 August 2024 | 3 replies
This strategy is more effective if you qualify as a real estate professional.
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2 September 2024 | 11 replies
They're also easy to qualify for since the underwriting is based primarily on the property, not you as the borrower (no DTI requirements). appy to connect and chat further if you have any questions.
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2 September 2024 | 7 replies
Easier Qualification: Buyers with less-than-perfect credit may find it easier to qualify for a land contract.