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23 February 2025 | 2 replies
Greetings!I am a resident of Virginia and purchased a rental property in West Virginia during 2024. The 2 states have reciprocal agreements for wages and salaries. I'm unsure if I have to file as Non-Resident in Wes...
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7 February 2025 | 0 replies
If this effort gains traction, it could fundamentally reshape the U.S. mortgage market, impacting financing options for real estate investors nationwide.The Role of Fannie Mae and Freddie Mac in Housing FinanceFannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) are government-sponsored enterprises (GSEs) that purchase mortgages from banks and lenders, package them into mortgage-backed securities (MBS), and sell them to investors.
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24 February 2025 | 147 replies
These are amortized payments that include a return of principal each month.
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24 February 2025 | 3 replies
I can see an explicit exception in CA Tax Code § 17561 that says you can not use the qualifications in Section 469(c)(7) (Real estate professional) to render that income as non-passive, but I see no callout for 1.469-1T and, as such - as a non-CPA - I do not (yet) see a reason why we cannot follow the same rules for CA that we do for our federal taxes; e.g., if the business is not a "rental" business per tax code, we count that income as non-passive and offset other income (W2, etc) similarly.Does anybody else have some guidance (or opinions) on this matter?
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16 February 2025 | 20 replies
Buy their equity over time with no intrest.
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21 February 2025 | 7 replies
I like to have 1-2 virtual assistants to handle tasks that I don't want to spend time on.
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14 February 2025 | 7 replies
Do most of them imply the agent commission is included?
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23 February 2025 | 7 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
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24 February 2025 | 7 replies
For most lenders, they wanna see a 12 year lease in order to count the income to help your debt income ratio. there are not many lenders that I know of that will include short term or midterm income as part of the income side of your DTI.
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23 February 2025 | 3 replies
If you're intending to invest in a particular niche as a real estate investor, it's best to study that niche including the local supply and demand in your area before taking action.