Me and my eviction tenant are applying for the Court Based Rental Assistance Program together so she can pay the rent she owe me without an Eviction. 

When you go to apply for the next loan that loan will still be factored into your debt to income ratio.

We use Rentec Direct and really love it.It collects our rent, applies late fees, deposits our rents in our bank account, tracks expenses, screens our tenants, markets our properties, generates forms we can send out for docusigning by our tenants, tracks leases, and much more.  

@Ricardo Serrano this copy & paste info may help...Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

We asked her Mom about it and she admits that she applied for the loan but denies having given my girlfriends SS# or info to the bank.

Not sure if that applies to this home or not.For a primary home compared to an investment, you would see a pretty significant difference in rates.

This applies to current year tax deductions, and you can also employ a “look back” cost seg study where you can retroactively reclaim any missed deductions from previous tax years.By filing a form 3115 and calculating the proper 481(a) adjustment, you can recapture and correct any erroneous depreciation in prior years and claim the difference in the current tax year as a lump sum.

However, a well-drafted Purchase & Sale Agreement will include provisions that contract is valid and applies to all heirs, beneficiaries, and successors in interest.Of course, you’re still stuck with having to satisfy title insurance requirements that I’d expect needs to probate this estate to pass title to this asset. 

So if you bought a property with seller financing in 2020 when the AFR was ~1%, would the AFR now at ~4% apply for the seller or would they be locked in the AFR at purchase?

And of course there are many markets through out the US that the same metrics apply.. but there are others were flipping plat is not going to work well as the builders will just do their own.