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5 April 2024 | 12 replies
I get audited about 4 times per year from different lenders based on the assets original closing dates...
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6 April 2024 | 22 replies
Based on my 20 years in Tampa, I'd strongly recommend considering it.
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4 April 2024 | 16 replies
YES, CMHA may pay 100% or a % from the tenant based on their income.
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5 April 2024 | 12 replies
Trust your instincts, gather as much information as possible, and make informed decisions based on the current market conditions.
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5 April 2024 | 9 replies
For the purposes of calculating the limited interest deduction, the total mortgage debt owed would include both the individual mortgage on Unit A and the owner's share of the underlying mortgage.So, the total mortgage debt owed would be $800,000 (individual mortgage) + $200,000 (owner's share of underlying mortgage) = $1,000,000.Therefore, the owner would be limited to deducting mortgage interest based on this total mortgage debt of $1,000,000, not just the individual mortgage.Thus, the deduction for mortgage interest would be calculated as:($750,000 / $1,000,000) * $40,000 = $30,000Therefore, in this scenario, the owner would be able to deduct $30,000 of mortgage interest for federal income tax purposes.
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4 April 2024 | 8 replies
The loan is based on the income of the property for qualifying purposes (in addition to credit score) versus your personal income.
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4 April 2024 | 16 replies
Identify your target market - Research different locations based on your chosen strategy.
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4 April 2024 | 5 replies
This is based on the future reservation of my rental business (I guess I can pull a proof of income from Airbnb).
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4 April 2024 | 10 replies
While our initial down payment was modest, our loan to value is estimated at 71% based on current home value.
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5 April 2024 | 5 replies
I would look into these guys https://www.submetersolutions.com/If that doesn't work, just split the usage based off square footage and charge the tenants in proportion to that - not 100% accurate but good enough.