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23 December 2024 | 15 replies
Many borrowers file this form as an exclusion to their US federal taxes as they may have been taxed by the country where they are earning the income.Required Documentation for Foreign IncomeWhen it comes to processing foreign income for a loan, documents required may include:» Most recent personal tax returns» History of receipt» Proof of continuance of foreign income earnings» Conversion of the income from the foreign currency to US dollarsThese documents must be translated or completed in English so that a loan reviewer can properly evaluate the information provided.Fannie Mae & Freddie Mac GuidelinesIncome from Foreign SourceIncome from foreign sources must be reported on the borrower’s most recent U.S. individual federal income tax returns.
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8 January 2025 | 8 replies
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12 January 2025 | 25 replies
They tend to rely solely on property managers and fail to effectively oversee the management of the property.
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9 January 2025 | 59 replies
Every unit has its own "microsite" of sorts with seperat msg threads and you can't write your own descriptions (which is understandable as they don't have seperate websites for different countries so they write "translation safe" descriptions for you), but still, it's no Airbnb.
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9 January 2025 | 44 replies
That means you'll probably have to take on riskier borrowers or agree to riskier terms.My advice - If you don't have boots on the ground here in the states (that you can rely on), or someone you know you can trust to borrow this money then I wouldn't risk it.
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27 January 2025 | 35 replies
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8 January 2025 | 14 replies
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9 January 2025 | 32 replies
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8 January 2025 | 15 replies
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2 January 2025 | 14 replies
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