
14 October 2024 | 12 replies
To qualify as a real estate professional, a taxpayer must meet both of the following criteria:Taxpayers perform more than 50% of services in real property trades or businesses in which they materially participate.

16 October 2024 | 10 replies
You will file a 990-T and there are plenty of services out there to help with this.

15 October 2024 | 5 replies
Since I've never used their services, I'd like to know what their experiences have been with them.

14 October 2024 | 4 replies
Somehow I didn't notice there was an educational part of the service.

14 October 2024 | 3 replies
I pictured a management company that handled rent collection, cleaning service, etc..

13 October 2024 | 11 replies
I have a new 7unit and a new 2unit...so I was thinking the 7unit gets the laundry service that @Kathryn Dillon spoke of and the 2unit will get used (in good condition of course) coin-operated machines.

15 October 2024 | 12 replies
Make sure that the corresponding lender or broker you are working with has a loan servicing company that is non-reporting.

13 October 2024 | 7 replies
@Mose Gebremeskel - I'm suspicious of platforms that offer services at no cost.

16 October 2024 | 25 replies
Expanding into the US residential market can be a rewarding opportunity, especially with your focus on cash flow and capital appreciation.Given your interest in properties that yield positive cash flow while also offering capital appreciation potential, I'd like to introduce you to a financing option specifically designed for foreign investors like yourself: Debt Service Coverage Ratio (DSCR) loans.

16 October 2024 | 9 replies
Even if the credit card debt was $0, your DTI is way too high to qual for any new traditional/conventional loan until the units are rented.If youre going to keep this duplex, I'd focus on getting one of the units in service as fast as possible.It sounds like there is currently a decent-size lien ($7300/month) on the property.