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13 September 2024 | 20 replies
You can sell the property utilizing a wrap note, with the note at 10% interest and earn 10% on your equity and 7% on the amount of the note.
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15 September 2024 | 14 replies
I am not a lender but I work with a lot of buyers who utilize second home loans and I am 99% sure you cannot buy multiple second home's in the same market.
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14 September 2024 | 10 replies
One of the most common house hacking strategies in the Denver metro area is the Airbnb House Hack.
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18 September 2024 | 29 replies
And from the other cabin owners we've talked to, it is a common problem down there to find a good contractor/handyman.
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14 September 2024 | 9 replies
Hi All and thanks in advance for any feedback / guidance, I am new to the US market and thought home inspections were common place when buying so any feedback is appreciated.
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15 September 2024 | 11 replies
The key factor is ensuring the property qualifies for favorable tax treatment by adhering to IRS rules regarding short-term rentals and material participation.For the 7-day rule, the IRS requires that:The average guest stay must be seven days or less for the property to qualify as a short-term rental.If the average stay is 30 days or less, you must provide substantial services similar to what hotels offer, such as daily cleaning or concierge services.Regarding material participation, to further classify the income as non-passive, you must meet one of the following criteria:You spend more than 500 hours actively managing the rental in a year.You manage the business yourself and spend at least 100 hours, with your involvement exceeding that of any other person involved in the rental.Please note there are actually 7 ways to qualify, the above two are the most common.
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15 September 2024 | 38 replies
For investment property, I would say commonly you are going to have 80% to 75% LTV.
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17 September 2024 | 68 replies
So my wife and PM deal with monthly utilities collections from all tenants and make necesary payments to Utilities Company.
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9 September 2024 | 10 replies
What are the common issues found during home inspections in this area?
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11 September 2024 | 5 replies
I’m about to close on a residential property and want to ensure everything goes smoothly. I’ve reviewed my Closing Disclosure and gathered all necessary documents, but I’d love to hear from those who have been through...