
21 November 2024 | 10 replies
In ID I dont believe there is any high balance FHA limits that I know of (Coeur D'Alene, ID).Then again I dont think you need high balance limits anyway as the regular limits of FHA 4 unit property are well in excess of 1.4M and Im pretty sure the fourplexes in CDA arent that high unless you've found a unique Specimen of a fourplex house hack strategy.

27 November 2024 | 2 replies
(Inspectors are generalists, so specialists are essential for plumbing and electrical issues in older homes.)Structural Concerns: If potential structural damage is spotted, hire an engineer to assess it properly.Be Diligent and Proactive: Old homes often require extra due diligence.

28 November 2024 | 26 replies
In fact, our market is approx. 3 months of supply vs 6 months being a balanced market.

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.

28 November 2024 | 5 replies
However, my US investors are required by the IRS to report it.

28 November 2024 | 4 replies
Both methods require finding a property that makes sense for your risk tolerance, purchase ability, etc.

26 November 2024 | 3 replies
We are writing to you regarding new reporting requirements for many businesses, including LLCs, C, and S Corporations.

28 November 2024 | 13 replies
The only thing that no one else has mentioned is that required by law on site agent?

27 November 2024 | 1 reply
Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

26 November 2024 | 35 replies
Assuming the insurance premiums don’t significantly impact my cash flow (which is one of my primary goals), how do you assess the risk of taking out a loan under my personal name versus opting for a commercial loan that requires a larger down payment and comes with a higher interest rate?