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15 September 2024 | 2 replies
Often it involves the auditor comparing your flagged tax return with the one before and the one after, three years side-by-side.
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12 September 2024 | 7 replies
@Marcus GriffinTypically as part of a modification the bank will have a “shock package” which includes information and forms to be completed by the borrowerOn those forms there are questions like will they or do they occupy the property, there income, do they plan on keeping th home.This is equivalent to lying on a bank application which is most likely considered fraud Not providing legal advice but this is definitely a very slippery slope you are getting involved in.
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12 September 2024 | 13 replies
Quitting your job to do real estate full-time is obviously attractive.You could listen to all of us telling you not to do it, but sometimes you just have to take a chance and make the best of it.There's a lot of successful people that didn't know they could fail and succeeded despite the odds.
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13 September 2024 | 7 replies
,Transitioning multiple units from one property management company to another can seem overwhelming, but with the right process in place, it can be smooth for all parties involved—owners, tenants, and both PMCs.
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13 September 2024 | 23 replies
Have participated (currently still involved in them) in two real estate syndications.
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13 September 2024 | 6 replies
So I am weighing my options on whether to keep going with eviction by involving an attorney or there could be alternative work around.
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14 September 2024 | 10 replies
@Ben EinspahrHouse hacking in Denver metro areas involves lenders reporting rental income on Schedule E, accepting 75% of STR/MTR income from lease agreements or appraiser's estimates, and requiring additional proof via tax returns.
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11 September 2024 | 9 replies
Odds are that the changes needed are not likely to help one get near to the Pro Forma goal/wishes.As an LP, I'd want to know if we were going into the closing w/o the full raise, and for sure to be kept up to date on the plan to resolve the shortfall asap.
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14 September 2024 | 11 replies
In every case that we have been involved in; the Tax Claim Bureau does a title/lien search to determine the distribution of excess funds.
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11 September 2024 | 3 replies
If they know and they are okay with that, that is one thing, if they don't know, that is very different and it requires a far different approach.Is the seller still involved?