
6 April 2024 | 19 replies
If so, knock that down to about 40k income.

4 April 2024 | 14 replies
Dillman (Author)Also, I've tried searching for a SIOR reading list, and found these three titles:Confessions of a Commercial Real Estate BrokerThe CFO's Guide to Understanding Corporate Real Estate TransactionsGo For Broker: An Executive's Guide to Hiring a Broker for Today's Complex Real Estate DealsAre there any other books you would highly recommend?

5 April 2024 | 2 replies
I ask because I don't see many listings online that don't include much detail...and wondering if I should.All 18+ applicants must complete the application and pay the application fee.Credit score of 700+, No bills in collection.Steady employment or other acceptable source of regular income for 3+ years.Gross monthly income at least 3.5 times the monthly rental rate.Monthly payment Debt-to-gross-income ratio no higher than 40%.

5 April 2024 | 5 replies
But then also non-traditional type sources (lite doc, more flex underwriting, no personal income docs, etc.).

5 April 2024 | 6 replies
Her income will not count towards the new mortgage as she just finished up lengthy stay at home mom duties.

5 April 2024 | 2 replies
you should get a RMLO or an underwriter to qualify the borrower. if its owner occupied and in florida you also will need to use a third party servicing company to service the loan which will run you around $450/yr. not an accountant but its my understnding unfortunately the interest income is going to be taxed at ordinary income and the principal will reduce the principal. how you offset the losses talk to your CPA.your best bet honestly is to just sell it and bite the bullet.

5 April 2024 | 8 replies
I know that most people who OWN a property and put it on airbnb claim the income on Schedule E ("passive income"), which avoids having to pay the 15.3% self-employment tax.I'm wondering if those who are practicing rental arbitrage by renting the place that they list on airbnb also claim the income on Schedule E, or if you claim it on Schedule C bc you don't own the place that you're listing on airbnb.Whether you own or rent the property that you list on Airbnb, the activities are the same: acquiring the property, furnishing it, activating utilities, listing it on Airbnb, hiring cleaning services, etc, etc.
3 April 2024 | 8 replies
You can do a 1031 exchange if the property has corporate ownership and the corporation has filed or will file a US Income Tax return.
5 April 2024 | 5 replies
Buy a buy & hold with no value add with a HELOC would be a risky move unless you have the income to pay down the HELOC.
3 April 2024 | 12 replies
-I should add that his military BAH would cover the cost of whatever we rent at our next location and I can cover our current mortgage with my monthly income.