
25 November 2024 | 7 replies
The majority of investors I work with after using this form more or less break even on the rental business which makes it a non event and very little impact to your debt to income ratio.

25 November 2024 | 22 replies
I want to track exactly what you do as a service for my investor clients, but not get into property managment.

27 November 2024 | 15 replies
We only do Drive up Access, non climate controlled.I ask customers how they found us.

19 November 2024 | 0 replies
Note that if you are married filing joint, only the spouse who is qualifying for REPS is able to count their hours.Step 4: Apply the quantitative testsPer Section 469(c)(7)(B), in order to qualify for REPS, you must meet both of the tests below:750-Hour Test: If you materially participate in a real property trade or business, you must spend 750+ hours during the tax year.More Than Half Test: You must spend more than half of your personal service hours in the real property trade or business in which you materially participate.Step 5: Material participation in rental activities Just because you qualify for real estate professional status does not mean that your rental activities are automatically considered non-passive.

22 November 2024 | 24 replies
If separate water line services for each unit weren't part of your original scope of service, then they are justified in asking for additional payment to redo the plans.
22 November 2024 | 2 replies
Hi all, turning over an apartment and it looks like tenants non-slip adhesive bathtub stickers have removed a layer in this tub.

22 November 2024 | 6 replies
. - $45k balance (40% of BPO value)- 7% rate- interest only- maturity date 2/1/2026- mortgagor (owner) pays 3rd party servicing fees what is the value of the property?

19 November 2024 | 6 replies
You did mentioned you do not have active income so the other option would be doing a cash out refinance to get money out using a Debt Service Rental Ratio loan.

22 November 2024 | 8 replies
Debt service on this is $2308/mo which seems really high.