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29 March 2024 | 10 replies
If I have to pay taxes on my income, SO DO THEY!
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30 March 2024 | 7 replies
Even if you are actively operating as an STR the lender will look to tax returns for income, so if it has been less than a year they will still go on LTR income.You need to factor in that your lender is going to underwrite any loan based on LTR income only.
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29 March 2024 | 2 replies
The value around $20k according to the local tax office.
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1 April 2024 | 48 replies
security, fencing, a guard dog inside or someone stays there at night $1500carry cost of your loan/tax/insurance$?
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30 March 2024 | 2 replies
I got about $4200 back on my taxes last year because of depreciation, and it felt great!
29 March 2024 | 4 replies
We have used work bonus payments, tax returns, and inheritances to get down-payments.
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29 March 2024 | 7 replies
If it is possible, is there anything else I should consider before talking to lenders (namely, any tax implications).
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29 March 2024 | 3 replies
I plan on requesting the following quarter report if I offer.Average Monthly Expenses per triplex (maintenance/insurance/repairs/utilities/property taxes/vacancy):$730.50Estimated mortgage: $1,132I plan of offering $200,000 - $205,000 due to two of the rooms not being renovated, roof needing work, and after being posted for going on 3+ months.
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27 March 2024 | 5 replies
If I continue to pay the mortgage in the the seller's name (with out refinancing) would they claim the mortgage interest tax deduction or do I get to claim that since I am paying the mortgage and hold the deed to the property.