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15 January 2025 | 10 replies
Explore a DSCR Loan with Reduced Down PaymentSome lenders offer DSCR loans with minimal cash-to-close requirements if your property cash flows (even marginally).
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6 January 2025 | 11 replies
This would obviously reduce my cash flow on both properties, as I would be paying the minimum HELOC payment plus extra towards the principal to pay it off quickly.
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27 January 2025 | 9 replies
Renting at FMV allows you to deduct mortgage interest, property taxes, repairs, HOA fees, and depreciation against your W-2 income, potentially reducing your overall tax liability.
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15 January 2025 | 12 replies
@David Woodside The 500-hour rule allows you to treat rental losses as active, enabling you to offset other income and reduce your tax bill significantly.
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10 January 2025 | 3 replies
Was it included as a credit/debit on the HUD so it should have reduced your cash to close?
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22 January 2025 | 12 replies
We had good capital gains on our first new property so we were able to inject that in our current primary residence reducing mortgage amount.
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19 January 2025 | 9 replies
We discovered problems that required a lot of work and significantly reduced the property’s value, forcing me to lower the price.
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16 January 2025 | 11 replies
The cheat sheet/example greatly reduced time.
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16 January 2025 | 17 replies
After closing, work on increasing your income, reducing debt, and preparing for a second mortgage.
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19 January 2025 | 42 replies
I also would like to reduce the audit risk due to large bonus depreciation.