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10 April 2024 | 2 replies
This week (jobs week), markets have been volatile.Negative news (tending to make bond prices fall; bond yields and mortgage rates rise):A stronger than expected employment report from ADP, including an apparent reacceleration in wage growth for job changers.Commentary from Fed members Raphael Bostic, Loretta Mester, and Neel Kashkari suggesting that there was “no rush” to cut rates unless unemployment rates began to spike.Positive news (tending to make bond prices rise; bond yields and mortgage rates fall):Fed Chairman Jerome Powell saying that — despite the recent “bump” in inflation — rate cuts were still likely this year.Weekly jobless claims came out at 221,000 for the week ending March 30, a bit higher than expectations.As always, everything could change today (Friday) with the release of the BLS jobs report for February.
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9 April 2024 | 12 replies
During the Rental time, I couldn't claim any depreciation because I made over $150k a yr.
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10 April 2024 | 10 replies
Ive lived in the home for the mandatory 1 year to claim primary res status.
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9 April 2024 | 6 replies
It was a pretty small claim for wind damage to the privacy fencing around the property.
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11 April 2024 | 23 replies
And you do not somehow 'know" our guidelines that the property and valuation is somehow eligible - thats not a all how lending works.It is also ridiculous that you are claiming somehow that we are "buying facebook reviews" then citing scam bitcoin reviews as fake (why would we buy these spam comment reviews).Stop embarrassing yourself - and again, if you keep doing this publicly we will be forced to take action
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9 April 2024 | 6 replies
Could also be handled POC.Always confirm the amounts claimed to be held by the seller match the tenant records.
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9 April 2024 | 4 replies
I'm also pretty sure that 2 of the tenants are getting government assistance and I think they are longer term tenants.After taxes, insurance and with the owner paying for heat and water the owner claims it is netting $20,000 per year.
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10 April 2024 | 59 replies
I have heard Senator Wienkowski claim it is about owner rights.
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8 April 2024 | 1 reply
I have seen local CPA's claim they can help offset high W2's with short term rentals here in LA.
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9 April 2024 | 13 replies
Other concern was that as this is a 2nd home, the policy would deny claims if I am not personally residing at the premises.