Matthew Posteraro
Conservative Scaling for House Hacking
18 January 2025 | 8 replies
Keep in touch with your lending partners for each one so you can understand whether you need departure residence income to qualify for the next or not.Finally, if you're investing with a Significant other, I recommend considering a "leapfrog" strategy where you buy one, then your partner buys the next, and so on.
Kyle Carter
Programs for first time homebuyers
4 January 2025 | 4 replies
I am curious as to if anyone is aware of any first time home buyers programs for buying the first Primary Residence.
Janine Sharma
1099 or W2 for onsite MHP property manager?
12 January 2025 | 7 replies
If they work independently, set their schedule, and use their resources, they might qualify as a 1099 contractor, but misclassification risks IRS penalties.Wages for W-2 employees and payments to 1099 contractors are both deductible business expenses, but compliance is key.This post does not create a CPA-Client relationship.
Selina Gray
How To Find Good Residents For Your Rental House
16 January 2025 | 0 replies
This is where most people start getting nervous. And, honestly, it's for good reason. Having good residents can make owning a rental house a breeze, but bad ones can make it a nightmare. Fortunately, there are practic...
Allende Hernandez
Do you run screening in all the potential tenants?
11 January 2025 | 15 replies
I've had qualified renters move into a rental, add their bum friends or family members, and then disappear, leaving me with bad renters who weren't approved and aren't on the lease.The best practice is to screen every adult, approve them, and add them to the lease.
Ben Lindquist
Qualified Intermediaries - Any good or bad experiences?
17 December 2024 | 8 replies
Hi @Ben Lindquist, The 1031 Exchange Qualified Intermediary is a crucial part of any successful 1031 Exchange transaction.
Brad Kanouse
IRA funds as down payment
16 January 2025 | 17 replies
There is an amount that you can distribute from an IRA account to purchase a personal residence.You then might be able to turn the personal residence into an investment property.Best of luck.
Alex Messner
Purchasing first home (with debt)
16 January 2025 | 10 replies
I would tell people today that if you buy a primary residence expect to stay in that home for atleast five years, especially with a FHA loan which has lower down payment as the current forecasts for home appreciation or very low which with closing costs on the buy and sell, it will take several years to have equity in the property and enough to be able to sell, so that is something also to consider.
Aaron Raffaelli
DSCR Loan for a first time REI
8 January 2025 | 17 replies
@Aaron Raffaelli, I’m sorry to hear that you are having issues qualifying.
Jerry A.
Exploring Cash-Out Refi Options
6 January 2025 | 5 replies
There are a bunch of ways to do this depending on the property type, usage, and you (income and credit scores).If this is a primary residence, you can get up to 90% of the value of your home minus any exisitng debt.