
13 July 2021 | 6 replies
Again, final payment will all depend on taxes and insurance expenses for the exact property, but gives you an idea of what a lender would be able to do.Keep in mind that a Lender can only use what you have listed on your taxes (Schedule E).

10 July 2021 | 3 replies
Sometimes having the cash in hand "liquid reserves" is a lot stronger of a position than having an open end liability aka HELOC.

2 January 2022 | 10 replies
Each transaction is categorized and summed for each year and so all I need to do is copy the number from my spreadsheets when filling out my Schedule E at year-end.

8 July 2021 | 11 replies
More information about Property 2, it is also in the suburbs of Chicago but not in my favorite area, and not growing too fast. - Purchase price: $105 as-is- Rehab budget: $27k- Closing and loan cost: ~$8k- Down payment: $28kThe appraisal as-is came back at $113k, and after renovation, the appraisal is $150k.To finance the deal I used the Finance of America acquisition & rehab line of credit at 8.5% with a loan of $77k initial and then rehab holdback of $27k to fund the renovation.

7 July 2021 | 3 replies
What is your favorite online platform for advertising rental listings, accepting apps??

7 July 2021 | 4 replies
@Katia E CarmonaI think you are pretty stuck...

15 July 2021 | 38 replies
Honestly, my plan will be to liquidate real estate portfolio and invest elsewhere for retirement.

7 July 2021 | 7 replies
I already have a couple of 401k's, I was looking for something more liquid.

7 July 2021 | 0 replies
For me, at the beach today, wiring funds and e-signing on my phone.

7 July 2021 | 2 replies
All activity of the property is reported on the schedule E of your tax return.If that's the case then you and your LLC are interchangeable as far as the 1031 goes.