CA taxes residents on worldwide income but may provide a credit for taxes paid to other states.

I'm renewing my LOC on one of my rentals with a local community bank through their commercial banking dept. They want 1% origination points plus a bunch of other usual fees like title work. They already did the title ...

CA taxes residents on worldwide income but may provide a credit for taxes paid to other states.

Hey everyone,I’m new to REI and I’m wondering if you guys have any advice to share on coming up with rehab estimates when you’re just starting out, and don’t have a long track record to go off of?

I talked to two different local credit unions about pulling 300K in locked equity out of our former primary home that we converted to a short term rental last year.

My recent research indicates small claims courts judgements no longer show on someone’s credit report.

With Conventional, your brothers do NOT need income, do NOT need credit scores, DO need to be on the loan and live in the property for 1 year.

The interest rate they gave me at us 7.70%, 5/1 ARM, rent to debt service ratio is 1.21My credit score is 672.

Any time you can avoid adding more trade lines to your credit and increasing your DTI its best.

There are 80% LTV cash out refinance options and 85% LTV for a single family rental purchase if the property is cash flowing (DSCR ratio of 1) and the credit score is high enough.