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11 February 2025 | 20 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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11 February 2025 | 22 replies
Since it’s in a business entity, it doesn’t show up on your personal credit report or affect your DTI, giving you more flexibility for future financing.
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8 January 2025 | 7 replies
The city wants to have "Neighborhood Anchors Points" consisting of Mixed-Use and Retail/commercialVisual of all land bank properties The area I will focus in.A break down of cost to purchase all Land Bank properties on each street.
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16 January 2025 | 11 replies
I do use Ownerrez as a PMS and they have a report that automatically gives me the numbers needed to do it myself and it takes just a few clicks.
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1 February 2025 | 23 replies
I'm not sure if you listen consistently to BP podcast, they actually just released an episode that would probably be useful!
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9 January 2025 | 3 replies
My goals are all based around being consistent.
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29 January 2025 | 22 replies
Investing in multifamily properties offers steady cash flow, diversification, as multiple tenants reduce vacancy risks and provide consistent income.
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26 January 2025 | 24 replies
Educate all your tenants on how to report noise complaints and let the police handle it.
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14 January 2025 | 4 replies
Limited Housing InventoryThe number of homes for sale in Buffalo is significantly below pre-pandemic levels, with a reported 46.1% decrease compared to 2018–2019 averages.
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15 January 2025 | 5 replies
I googled it and found this:If you rent it to tenants, you would treat it as a rental and report it on a Form Schedule E.