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17 July 2024 | 4 replies
Can I qualify as a Real Estate Professional and deduct all losses from my W-2 income?
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17 July 2024 | 9 replies
Primarily this applies to when one took bonus depreciation on land improvements, or in the case of nonresidential property, qualified improvement property.The one type of depreciation recapture you can defer with an installment sale is "1250 unrecapture" - this is that typical 25% depreciation recapture rate that you think of, which is the depreciation recapture on the straight line building and/or straight line depreciation on something like the previously mentioned land improvements or qualified improvement property.Allocation of the sales price is incredibly important here.
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16 July 2024 | 0 replies
Properties that utilize STR income to qualify.
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18 July 2024 | 7 replies
If you choose to use a DSCR loan, the refinance will be qualified based on the cash-flow of the property.
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20 July 2024 | 32 replies
The problem is if you do it on single family (also known as boarder income) you can't count the boarder income toward qualifying until after they have lived with you for a year.If you go multi you can count the income, up to 4 units.
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17 July 2024 | 5 replies
Thanks.Just found out that my student son may be able to qualify for 3.5% down FHA loan with us as co-signors!
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17 July 2024 | 5 replies
Hey all, I’m looking to purchase a rental property in Cleveland, but I’m getting mixed messages about whether or not I would qualify for a mortgage because I’m Canadian.
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16 July 2024 | 4 replies
Lenders are increasingly creative with income qualifying including bank statements and even DSCR's.
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17 July 2024 | 10 replies
They must be held in escrow by a third party called QI - Qualified Intermediary - and it must be engaged before you sell.
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16 July 2024 | 3 replies
Will the rental period be considered a non-qualifying disposition?