Elaine Ericson
Promissory Note - how to secure or any ideas to help in this situation?
28 December 2024 | 7 replies
Would have to review documents about "waste" question.
Bryan Hartlen
Anyone have good experiences with their property management company?
18 January 2025 | 11 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
Matt Wan
Getting a mortgage as a non-resident US citizen
23 December 2024 | 15 replies
Many borrowers file this form as an exclusion to their US federal taxes as they may have been taxed by the country where they are earning the income.Required Documentation for Foreign IncomeWhen it comes to processing foreign income for a loan, documents required may include:» Most recent personal tax returns» History of receipt» Proof of continuance of foreign income earnings» Conversion of the income from the foreign currency to US dollarsThese documents must be translated or completed in English so that a loan reviewer can properly evaluate the information provided.Fannie Mae & Freddie Mac GuidelinesIncome from Foreign SourceIncome from foreign sources must be reported on the borrower’s most recent U.S. individual federal income tax returns.
Daniel Chen
Section 179 Question for rental business
4 January 2025 | 11 replies
The more challenging stipulation is you would need to use it more than 50% of the time for business use (and you need to log the miles to document that).
Arthur Crum
RAD Diversified SCAM ALERT!!!
20 January 2025 | 242 replies
We base this on the admission by the poster that they have first reviewed the documents AFTER the investment went south.3.
Julio Gonzalez
Cost Segregation FAQ
31 December 2024 | 3 replies
The IRS defines a “quality” cost segregation study as “a study that is both accurate and well documented with regard to” 1) the classification of property into classes, 2) Explanation of rationale for the classification of the property and 3) substantiation of the cost basis of each asset and reconciliation of the total allocated costs to total actual costs.
Kyle Carter
How to build a out of state team
7 January 2025 | 8 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
Otis Clayton
How do closing agents fund private money deals?
15 January 2025 | 15 replies
If so what documents were used?
Keith Richardson
Should I open an LLC for each property?
24 December 2024 | 9 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.
John Cooper
Difficult Tenant: Escalating Issues & Safety Concerns
25 December 2024 | 10 replies
However, you don't mention if this was added to their rental agreements or how this was documented. 3.