I do the math to figure out these ratios for each applicant which is harder than you think sometimes with people working multiple gig type jobs with inconsistent income because then you also need their tax return to calculate factor their expenses in.

The seller must not have sold a home in the last two years and claimed the capital gains tax exclusion."

Check the LLC is legit and consult a tax advisor for tax details.

Thanks in advance. you think its high, but wait until you have to send escrow statements annually, tax forms, and oh by the way if its owner occupied and you are not sending CFPB monthly compliant statements to the borrower they can contest the loan and be forgiven any default interest. 

Some exchanger's exchange into a property, rent it out for several years, and then, AFTER CONSULTING with their tax advisor, convert that into their primary residence.  

We are selling some property on Land contract and I would like to use a loan servicing company to collect the monthly payment, and setup escrow for taxes/insurance.

Is there anything tax related I have to take care of before the next tax season, or can I just open the necessary accounts and get started?

Hi all,I'm nearly done with my taxes so I want to start prepping.

Hi All,I have a unique situation - I bought a house all cash in 2021 in Omaha and rent it long term making all cash flow (minus taxes/insurance).  

Do I need to pay quarterly taxes and if so is this doable on my own or should I have a CPA do it?