Julie Thorngren
How I Made $13k Closing On My 1st Investment Property!
10 August 2020 | 13 replies
@Lynnette E.
Nicholas M.
New guy, looking to cashout refi to buy multi-family | Options
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.
Ryan Kenneth
sell SFH to buy 3 condo's?
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.
Nat C.
Recorded lien AFTER closing
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.
Chris Gottshall
Insuring a MN Multifamily Property in a Trust
7 August 2020 | 3 replies
Originally posted by @Lynnette E.
Lisa K. Bruno
R/E Attorney Recommendations?
13 August 2020 | 9 replies
Does anyone have a recommendation for R/E attorney near Plano/North Dallas area?
Grace Navera
Do I pay income tax on investment income?
29 August 2020 | 12 replies
If it is rental income you need to fill out Schedule E.
Angelica Lopez
Did you use an attorney for your LLC?
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.