
17 April 2024 | 4 replies
I also started working at a part-time job recently to start building an income history, get a W-2 form and receive paycheck stubs, which are necessary things to have to get approved for a mortgage.

18 April 2024 | 33 replies
You are not allowed to collect rent without the proper licenses.
18 April 2024 | 8 replies
My W2 is higher than 200k and I own 2 rental properties “ one paid off and one with mortgage and I just found out that I can’t claim all real estate loss if it I exceeds 25k and my cpa suggest me to put one of my properties into LLC so I can claim 100% of my real estate loss. but my question is do I have to switch the deed to llc or I can just open an LLC under my name?

18 April 2024 | 6 replies
She could sell the stock and use those losses to offset some (or all) of her gains.Invest in opportunity zones - Likely a qualified opportunity fund - This could defer and potentially reduce the capital gains but there will be hoops to jump through and rules to followHold the note when selling the property - Spread out the capital gains over a predetermined mortgage period.

18 April 2024 | 11 replies
The most obvious is that you will be able to offset your mortgage with renting out a few rooms and/or units.

18 April 2024 | 0 replies
By renting out the additional units, investors can cover their mortgage and expenses while generating passive income.2.

18 April 2024 | 27 replies
Once all of these are properly done we then size the solar system to fit the total demand of the home.

17 April 2024 | 1 reply
Right now we require two incomes in order to afford the mortgage and looking to downgrade/rent for a while and be a single income household so wouldnt be able to pay the mortgage for the house unless its being consistently rented on FF.

17 April 2024 | 13 replies
My company does the following:• Free and simple MLO Licensing (22 hours online or in person and you choose your schedule)• Mortgage team to handle the backend (meaning, no structuring, underwriting or processing loans) • Competitive mortgage rates backed a company with 20+ years in the business• Downline revenue stream on the lending side (similar to EXP model.)• They do not have to change brokeragesIn my mind, there aren't many cons to this.

18 April 2024 | 15 replies
These include reporting rental income, allocating expenses between personal and rental use, and navigating new limits on mortgage interest and property tax deductions under the Tax Cuts and Jobs Act of 2017.In places like Hawaii, STRs are subject to additional taxes, emphasizing the importance of understanding the local tax landscape.