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10 August 2020 | 13 replies
@Lynnette E.
8 August 2020 | 9 replies
I understand this is a mistake.The cash out refi numbers are as follows (3.99%)(monthly mortgage payment, which includes [principal, interest, escrow] = cash to me$2,200 (P+I+E) = $195k (This is the max, 80% LTV)$2,000 (P+I+E) = $175k$1,900 (P+I+E) = $133kIt was advised to me to go the $195k route and in hopes, make up for the $400 difference in rent/mortgage a month ($1800 + $400 = $2200) to enable me to go buy another property but also put $25k into a bank account to fund repairing the properties.
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18 August 2020 | 5 replies
(Local tax in BC designed to limit foreign buyers who buy and let property sit empty) Before you buy, you should request a set of documents from E-Strata Hub, .. a Depreciation report and a copy of the Strata's most recent insurance; AGM minutes to check any recent Special levy projects that have been completed or if you are due for a large project soon.
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14 August 2020 | 56 replies
I've bought homes without title insurance from the Trustee auction which requires me to do some due diligence and buy a $5 O&E report from the title company.
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7 August 2020 | 3 replies
Originally posted by @Lynnette E.
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13 August 2020 | 9 replies
Does anyone have a recommendation for R/E attorney near Plano/North Dallas area?
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29 August 2020 | 12 replies
If it is rental income you need to fill out Schedule E.
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7 August 2020 | 7 replies
@Angelica Lopez As David correctly mentioned above, for buy and hold properties, the LLC is disregarded and the properties will be on Sch E of your personal tax return.