Verifying last 2 years of rental history very important!

Verifying last 2 years of rental history very important!

For example, a $550,000 two-flat in Albany Park might bring in $2,500/month from the rented unit while you live in the other—covering most of your mortgage.3.

It is tax free in the sense that you will not owe taxes today on the cash-out.

Fees should be clearly stated in writing, easy to understand, and justifiable.

Note - if you live in your property for 2 years out of the last 5, then you don’t pay taxes on the profit. 

@Scott Trench & @Rene Hosman Have you considered implementing ways to verify identities of those who can post in the forums and perhaps even require full names?

My clients who invest in Section 8 housing do so in 'not quite' transitioned communities but that have low crime rates.

Scammers do exist, and it’s smart to verify a lender’s legitimacy before moving forward.Check Reviews and References: Look for reviews on trusted platforms like BiggerPockets or Google.

I went back to Memphis last year for the first time in six years to find all is as advertised with very minor exceptions.We have picture inspections done every four months, cost $75, because I'm a trust but verify guy.Good people, good service.