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14 February 2025 | 1 reply
The loan on this house is $1,200,000.I moved in to my new primary residence by the end of the month.Starting July, my original primary residence was available as a rental and was being shown to prospective tenants.My new tenants signed a lease that began a couple weeks after showing, in July.To calculate my primary residence mortgage interest deductions, i'm using the following formula:650,000 / 2 = $325000 loan from January to June1,200,000 / 2 = $600,000 loan from July to December$750,000 limit / (600,000+325000 total loan value) = 0.81 multiplier(0.81 * $X first house interest) + (0.81 * $Y second house) = total interest payed i can deduct from my primary residencedoes this look correct?
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12 February 2025 | 27 replies
You also need a schedule of real estate meaning you have to have signed on these loans in the past.
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22 February 2025 | 8 replies
@Robert GonzalezMost any DSCR loan is going to be chalked full of docs where you agree to NOT occupy the property while under the terms of the loan you are signing docs for.
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22 February 2025 | 6 replies
You know those signs that say "we buy houses for cash" call them and say you are investor looking to buy a flip.
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20 February 2025 | 10 replies
I have signed up for some local meetups and am excited to meet my locals.
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14 February 2025 | 4 replies
Your biggest challenge will be what to do when something goes wrong: nonpaying tenants, maintenance, mother nature damage, etc.Recommend you include these in any management agreement you sign, so you're not overcharged when you need these services.
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2 February 2025 | 20 replies
Now were all standing on a field with cricket bat's and starring at some wickets wondering what the hell is a wicket.....
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7 February 2025 | 11 replies
You’ll sign a piece of paper at closing saying you plan to live there ], usually within 30-60 days.
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23 January 2025 | 15 replies
You seem to know how many lenders we have "signed-up" on our platform.
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9 February 2025 | 1 reply
On the inside, our popular furnishing touches include a neon light up sign and a very comfortable pull-out couch enabling two extra guests to maximize the occupancy.