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15 December 2024 | 13 replies
I cannot qualify for traditional conventional for multiple reasons but the over 200 to 1 debt to income ratio is a primary reason.
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9 December 2024 | 1 reply
This treatment ensures accurate financial and tax reporting, as the credit is part of the sale transaction rather than income.This post does not create a CPA-Client relationship.
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10 December 2024 | 1 reply
Portfolio = Income derived from financial instruments like dividends (including REITs), interest, royalties, and capital gains.Mostly income w/out loss potential, and favorable tax rates.Cap losses may offset cap gains w up to $3,000 loss.
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10 December 2024 | 8 replies
But I agree with @Stuart Udis - when making offers on occupied rental property, I always review the Financials including the RR & T12.
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9 December 2024 | 15 replies
Quote from @Levi Perl: Hi,Curious if anyone has what to say in terms of how to calculate which one is more worth it: to cash out refi on a Long term rental now at 70% LTV, and walk away with X amount of positive cash AFTER paying all debt, (X is a positive number and significant amount for me), which will allow me to potential get another long term rental and grow portfolio faster, or wait 4 months and cash out 80% LTV, giving me DOUBLE than X.
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8 December 2024 | 21 replies
They show some creative ways to borrow money or to payoff debt using credit lines but their disclaimer is to see your cpa and/or lawyer.
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2 December 2024 | 5 replies
I am wondering if I used some of the money I received from the sell to pay off my debt if that would be financially wise vs using it towards the purchase of my next place?
10 December 2024 | 2 replies
If so, I anticipate that the other two tenants may ask the one responsible for the bedroom above to pay for most or all of the costs, which may be financially burdensome for that tenant.While I have the plumber’s report confirming that the pipes are fine, I do not have definitive evidence that the leak was caused by the tenant’s actions.
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13 December 2024 | 16 replies
There are not many companies vertically integrated that take the financial risk on the front end.
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9 December 2024 | 98 replies
I personally know people that are financial imbeciles preaching "Buy Bitcoin!!!"