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10 October 2024 | 6 replies
Down payment can be higher than primary, but the good thing is that you won't need that much income to qualify because lenders can you 75% of the market rents for the units of the property.
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14 October 2024 | 2 replies
Sounds like you definitely need to work with an attorney."
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13 October 2024 | 7 replies
These costs would need to be amortized over the life of the loan or treated as capitalized expenses.
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16 October 2024 | 10 replies
It's essential that any such allocations are supported by actual economic arrangements, not just for tax purposes.As for compensation, it’s theoretically possible to negotiate a different economic arrangement within a syndication if another investor finds the depreciation valuable and you don't need it due to the tax-exempt status of your Roth IRA.
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10 October 2024 | 7 replies
Thankfully I didn't need to replace the floor or ceiling.She is threatening to sue, wants contact info of the plumber and receipts.
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14 October 2024 | 8 replies
Maybe it is not, but I am at a point that I do not need to take any unnecessary risk or force an acquisition.
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11 October 2024 | 7 replies
Summer is usually much slower, then we have a smaller "second selling season" from early September until around Halloween.
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10 October 2024 | 2 replies
Buy 🏡The first step is to find an undervalued or distressed property, ideally one that needs some work but has potential.
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11 October 2024 | 4 replies
I posted a much similar post in another forum and got a combination DSCR lenders (which is fine) and crickets.
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12 October 2024 | 7 replies
Update your operating agreement, notify your state, and file IRS Form 8832 if needed.