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25 November 2024 | 8 replies
3) What are the rules around snow removal?
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15 November 2024 | 2 replies
It didn't occur to me when I shopped for this policy, but will our rentals even be covered due to different ownership?
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16 November 2024 | 4 replies
What you can borrow depends on the strength of the deal and your qualifications as a buyer.
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14 November 2024 | 13 replies
What will it cost to buy the property, how much will it cost to rehab (to include how long it will take), and what will it realistically sell for?
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17 December 2024 | 0 replies
This is NOT Business Credit.By establishing a separate corporate credit profile on the EIN Number (separate from the business owner's SSN/FICO), investors can access substantial business credit lines, capital for property acquisitions, and renovation funds without personally guaranteeing the debt.This approach creates a powerful financial firewall between personal and business assets while potentially generating a significantly larger (ROI) through reduced interest rates, increased borrowing capacity, and the ability to scale investments more rapidly.The education gap surrounding EIN corporate credit means savvy investors who understand and implement this strategy can gain a significant competitive advantage.
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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.
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20 November 2024 | 6 replies
Fortunately for me, I haven't yet.
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14 November 2024 | 12 replies
Decide on what you'd like to focus on as a first step.
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15 November 2024 | 10 replies
Hey Nicholas, I'm just following up with your last post.How did it work out using Ragan Manning?