Craig Clark
Personal DTI vs Business DTI (Helocs and Refinances)
1 March 2024 | 3 replies
It would obviously be on the investor's tax returns but would the investor even need to disclose the business's holdings to the bank when applying for a loan to tap into the equity on the personal property?
Evan Greenfield
Jacksonville Florida Anyone?
2 March 2024 | 23 replies
We buy smart primarys and live in rehab them, then rent them and do it again, and Buy and sell land and tax deeds on the side.
Ingo Bothe
Tax considerations BEFORE going into the STR business
28 February 2024 | 1 reply
I am certain that there are many opportunities to consider on tax and business structure before buying so curious what some experiences have been.
Shantanu R.
Mixed Use property Acquisition & Construction Financing
1 March 2024 | 6 replies
Even if you have to pay more for the purchase think about the costs of carrying the real estate while waiting for the approvals (debt service, property taxes, insurance, maintenance for the in-place tenant) and the additonal finance charges associated with originating an acquisiton/bridge loan and then a construciton loan at a later date.
Jasmeial Jackson
Collections and Property Management Challenges
29 February 2024 | 5 replies
Even lawyers don't know all the laws.
Andrea Lauritzen
Branching into out of state investing
1 March 2024 | 39 replies
On top of that, there's a bill working it's way through the state to add an additional sales tax on real estate.
Clint Harris
We bought a grocery store for $850k, converted it to self storage worth $13.5 million
1 March 2024 | 5 replies
That means no Capital Gains, which means tax free.
Robert Ashmore
My 4th House Fix and Flip
1 March 2024 | 1 reply
Two (2) parcels in a manufactured home area, acquired through tax deeds and sold on open market with owner financing.A 2/2 condo acquired from the Forclosure action on the courthouse steps.A senior community 1/1 condo from a wholesaler.A senior community 3/2 SFR also form a wholesaler.All have proven to be profitable.
Dee Ambler
Sell primary residence or Keep as Rental
1 March 2024 | 19 replies
We would net $94k which is about what we put in.If we rent then our property taxes go up substantially and our total monthly cost jumps from $2900 to $3300 (PITA).
Alex Ng
Does 1 year of 1099 form enough for an FHA 203k or a Homestyle loan?
1 March 2024 | 4 replies
@Alex NgMost likely, income verification will be based on your tax return documents.