David Cheng
What do you qualify as a proof of funds?
4 November 2024 | 34 replies
Evidence like this is standard among all HMLs I know.
Benjamin Amaral
Canadian Applicant with no SSN
4 November 2024 | 8 replies
Exceptions to your standard business practice do not often end with the desired results.
H. Jack Miller
Beware of Appraisals: I would not at face value, some of them are a joke.
4 November 2024 | 33 replies
The borrowers pay significantly less for those appraisals; they usually lack vital information, tend to be performed to much more “lax” standards, and often lack good decision making as to comps, capitalization rates, and adjustments of value between the subject property and the comps.
Jefriah Advincula
College student looking forward to learning and growing.
31 October 2024 | 2 replies
I'm 21 and a full-time student majoring in International Business and Finance.
Alexander Szikla
Housing Market Outlook 2024: Harris vs. Trump
4 November 2024 | 1 reply
Tax Strategy: Making the 2017 tax cuts permanent to stimulate investment and consumptionMarket implications under Trump include potential for accelerated price growth in existing homes, increased private sector development opportunities, and more flexible lending standards through GSE privatization.Similarly, clever allocators of capital may want to focus on market rate housing and more aggressive development opportunities while considering GSE privatization impacts under a Trump administration.Regardless of who you support or which way you lean, both candidates acknowledge the need for increased housing supply.
Renay Reese
Open Carry, Concealed carry or no carry while do business
19 November 2024 | 111 replies
If you carry a gun be trained to use it above and beyond the standard CCW course.
Justin Brickman
Pros, Cons and recent regulations of STR investing in San Antonio
4 November 2024 | 4 replies
Excessive complaints or three violations in three years could lead to losing the ability to operate.Impact on Neighborhoods: Non-owner-occupied STRs (Type 2) may cause friction in residential neighborhoods, as they often function like businesses, which can disrupt the local community atmosphere.Recent Regulations (2024 Updates):1) STR operators must obtain a permit for either Type 1 or Type 2 properties, depending on whether the owner lives on-site.2) Platforms like Airbnb are required to remove any listings that lack a valid permit.3) New noise and occupancy regulations apply, with stricter enforcement through permit revocations and finesThese regulations are part of the city's efforts to balance the benefits of STRs with the preservation of neighborhood quality and local safety standards.4o
Melanie Baldridge
Understanding the IRS Section 179 Election
1 November 2024 | 0 replies
Section 179 of the Internal Revenue Code allows businesses to deduct the full purchase price of qualifying equipment and software up to an annual limit.In 2024, for example, taxpayers can expense up to $1,220,000 of qualified assets.This election can apply to many types of tangible personal property, such as machinery, equipment, and off-the-shelf software, which are used predominantly in your business.Limits on Section 179 ExpensingAs attractive as Section 179 may seem, there are limits.For tax year 2024, the maximum investment limit is set at $3,050,000.If your business places more than this amount in service, the amount you can expense is reduced dollar-for-dollar over this threshold.In addition to the dollar and investment limits, the amount of your Section 179 deduction cannot exceed your taxable business income for the year.This means that even if your business invests heavily in qualified property, the deduction could be limited by the business’s profitability.Also, not all property qualifies for Section 179.Real property, like buildings and structural components, generally does not qualify unless it is "qualified improvement property."
Nolan Fernandez
Buying house with Section 8 voucher
3 November 2024 | 24 replies
There are standard guidelines and on top of it lender has overlays on standard guidelines.
William Vreeland
Knoxville vs. Indianapolis
5 November 2024 | 14 replies
Auctions are hard, international talent is beating out local & domestic.