
21 November 2024 | 2 replies
You are required to file a complete and accurate return, which means reporting the income that you earned along with atleast the direct expenses that you incurred on your rental.There are two comflicting forces - Your tax accountant wants to be aggressive with deductions because it will entitle you to paying less taxes(now or in the future).Your lender wants to see as much income as that will increase your Debt to Income Ratio(DTI).The good thing is that you can speak with your lender about 'one time expenses', that were only incurred in that year and are not reoccuring.

23 November 2024 | 11 replies
Set for Life by Scott Trenchhttps://a.co/d/51cIiA1Starting with the fundamentals of personal finance will help ensure you have confidence and are able to withstand the risks of real estate and also set your self up to be able to take advantages of what investment opportunities come your way2.

13 November 2024 | 8 replies
If you can show / prove to him that the park will be worth more because you are rebuilding the bathhouse, paving the roads and adding a playground then maybe he will feel more comfortable?

20 November 2024 | 0 replies
Ideally, it would not need something like Zapier to connect tools, as that adds to the costs and can be clunky.

5 November 2024 | 15 replies
Although taxes and purchase price may be more with a multi family the fact that there are multiple units for rent tend to be much more income being produced.

20 November 2024 | 4 replies
The easier it is for someone to click on something, the less likely they are to be a serious customer.

20 November 2024 | 6 replies
What’s the difference between 4 figures and 5 figures being locked up for 30 days until you close?

20 November 2024 | 13 replies
Make sure there is nothing is writing incl text or email suggesting anything other that the lease is NOT being renewed no matter what he does.

20 November 2024 | 10 replies
It will be hard with a more institutional lender like us to get down below $100K on a loan amount.