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5 December 2020 | 23 replies
I know one can typically write off the interest of a mortgage, but I'm not entirely clear on what these payments count as, or if there are ways to declare them as a write-off.Phew, that's a lot to lay out.
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22 July 2019 | 2 replies
When I hired and began to develop a deeper sales organization & my lead count increased substantially I invested in salesforce.
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29 July 2019 | 21 replies
@Andrew Postell Thank you Andrew That was so helpful, Can I count on you for more questions that I have?
28 July 2019 | 6 replies
Projected rental income won’t necessarily be counted at face value during the application process.
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24 July 2019 | 8 replies
Your best bet for counting the income against your wages is to use the 25,000 landlord exemption https://loopholelewy.com/looph....
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24 July 2019 | 4 replies
The lender will count your education plus the job ( since it's in the same field as your education ) so that you have 2 plus years in the field.I hope this helps and have a good one.
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22 July 2019 | 0 replies
When running numbers, do you count the 20% down as part of the calculations for cash on cash return even if the HELOC cash is coming from a rental property?
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2 August 2019 | 101 replies
Side-bar....Thankfully, the QBI rules say I can also count my contractor's hours, so I should have no problem achieving the 250 de minimus safe habor for 2019.4 hours per week is not particularly stressful, but I agree it is not--as many have pointed out-- truly "passive" investing.
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22 July 2019 | 3 replies
Hi Timothy,We did not have financing issues after acquiring a property via quitclaim deed, however we were getting property significantly discounted to take the additional risk (we did not have previous existing relationship with owner).Some other challenges/potential landmines you should be looking for are:1) 6 month delay between acquiring a property and being able to cash out refi using appraised value versus purchase price (applies if you are getting a conforming loan)2) Not counting on minor renovations to add significant equity3) The appraiser will most likely only consider a sales valuation approach and not consider the income valuation method, so make sure you are projecting your value based on what you can sell it for after your reno.4) Don't wait for a renter.
10 August 2019 | 9 replies
Where is the property and what’s the bed bath count?