
18 April 2024 | 4 replies
It is 100% up to you if you want to allow it.

17 April 2024 | 8 replies
So the mortgage companies and the IRS set the exact same threshold for being a second home or being a an investment property.My CPA however has advised me that there are caveats for doing repairs, or periodically visiting to inspect it, that allow you to exceed the 14 day leisure limit.

17 April 2024 | 17 replies
Can we takes losses from syndications (as a LP) and deduct those losses from our W2 income, Based on the fact that my spouse qualifies as a real estate professional?

16 April 2024 | 0 replies
The Augusta Rule, known to the IRS as Section 280A, allows homeowners to rent out their home for up to 14 days per year without needing to report the rental income on their individual tax return.Originally created to protect residents of Augusta, Georgia who would rent out their homes to attendees of the annual Masters golf tournament, the Augusta Rule applies to any taxpayer who owns a home in the United States, provided that your home is not your primary place of business.How Does it Work for the Homeowner?

19 April 2024 | 7 replies
The due on Sale is there to allow the bank to call the note due should they feel it is necessary to do so.

20 April 2024 | 24 replies
You are allowed to receive rental income on second/vacation mortgages.

18 April 2024 | 18 replies
This allowed me to feel comfortable buying the house and not having to worry about rushing tenants into the property.

19 April 2024 | 15 replies
It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.Happy to connect to discuss further.
18 April 2024 | 12 replies
It depends on the agent's capacity.I usually connect my investors with my contractor or inspector to walk through the property so that everything can be sorted out in one go, or I have my clients make an offer subject to a walkthrough, allowing us to get the ball rolling.

18 April 2024 | 16 replies
@Joseph Turner keep in mind that DSCR lenders do not allow 100% borrowed funds to BUY an IP.