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6 April 2024 | 22 replies
Based on my 20 years in Tampa, I'd strongly recommend considering it.
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5 April 2024 | 12 replies
I get audited about 4 times per year from different lenders based on the assets original closing dates...
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4 April 2024 | 16 replies
YES, CMHA may pay 100% or a % from the tenant based on their income.
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5 April 2024 | 12 replies
Trust your instincts, gather as much information as possible, and make informed decisions based on the current market conditions.
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4 April 2024 | 14 replies
@Manuel MungarayOne thing to remember when you are getting into RE investing is to have your team of people or as Brandon Turner from the Bigger Pockets Podcast calls it your CORE 41.
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5 April 2024 | 9 replies
For the purposes of calculating the limited interest deduction, the total mortgage debt owed would include both the individual mortgage on Unit A and the owner's share of the underlying mortgage.So, the total mortgage debt owed would be $800,000 (individual mortgage) + $200,000 (owner's share of underlying mortgage) = $1,000,000.Therefore, the owner would be limited to deducting mortgage interest based on this total mortgage debt of $1,000,000, not just the individual mortgage.Thus, the deduction for mortgage interest would be calculated as:($750,000 / $1,000,000) * $40,000 = $30,000Therefore, in this scenario, the owner would be able to deduct $30,000 of mortgage interest for federal income tax purposes.
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3 April 2024 | 5 replies
Been investing for about two years now and have been listening to the BP podcasts for about a year.
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4 April 2024 | 8 replies
The loan is based on the income of the property for qualifying purposes (in addition to credit score) versus your personal income.
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4 April 2024 | 5 replies
This is based on the future reservation of my rental business (I guess I can pull a proof of income from Airbnb).
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4 April 2024 | 2 replies
I have been listening to the BP podcast and a few others for awhile now, trying to soak in all the knowledge.