
21 November 2024 | 305 replies
I'm amazed to hear you say you don't require parent co-signers.

21 November 2024 | 25 replies
Of course, plus any work required.

21 November 2024 | 2 replies
You are required to file a complete and accurate return, which means reporting the income that you earned along with atleast the direct expenses that you incurred on your rental.There are two comflicting forces - Your tax accountant wants to be aggressive with deductions because it will entitle you to paying less taxes(now or in the future).Your lender wants to see as much income as that will increase your Debt to Income Ratio(DTI).The good thing is that you can speak with your lender about 'one time expenses', that were only incurred in that year and are not reoccuring.

21 November 2024 | 16 replies
It may be required on a Commercial, DSCR, or Hard Money loan but I would encourage you to speak to multiple lenders to find out which specific loan program you need for your goals and qualifications.

13 November 2024 | 10 replies
Quote from @Melanie Baldridge: Quote from @Sean Graham: Quote from @Melanie Baldridge: A question that we get:"Does the IRS require site visits for cost segregation studies?"

20 November 2024 | 9 replies
TIAIf you have an electronic record (bank statement, credit card, accounting software, etc) of the transaction the IRS doesn't require you to keep receipts unless it's a cash (took real paper money out of your pocket) transaction for $75 or more.
21 November 2024 | 8 replies
Getting down deeper into the local regulations and such is each will require networking with city officials or other investors who are already active in those markets.

19 November 2024 | 8 replies
If you use a DSCR rental loan it could be as low as 3-6 months of time seasoning required so it depends on what product you're using to accomplish the mission/goal.The time frame isnt a legal requirement, its a financing product specific requirement as a guideline to obtaining the money in which you seek.If you had other scenario related questions feel free to mention them below or via DM.

23 November 2024 | 5 replies
You can also get into more active strategies like STR and rehabs, but the work required to get in this is significant and at that point you might be able to just get a new role with the same pay with the equivalent effort.Is your entire industry in a hiring freeze or just your company laying off?

23 November 2024 | 40 replies
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