Violet Lisa
Applicant did not disclose their emotional dog
29 January 2024 | 40 replies
If you deny based on that alone, you could find yourself in a lawsuit.
Amy Lin
506B apartment complex syndication advice needed
30 January 2024 | 24 replies
Projections are just numbers on an Excel sheet, anybody can make projections.Red flags to me based on what you've described: -10 GPs: That's a lot. - None of the GPs have done a full cycle deal- 6 of them doing Asset Management: really?
Karen Bolyard
Pay cash or finance STR?
29 January 2024 | 7 replies
If you want to make a cash offer to win a deal, you could do delayed financing - it's similar to a cash out refi, but it's based on the purchase price and loan costs, not appraised value.
Roy Lam
Tenant keeps on destroying parts of the house, then claimed the house is inhabitable
30 January 2024 | 16 replies
This may be why they said “you cannot go to court without their representation”As said above, you are justified in being angry but don’t make poor decisions on how to handle this based on emotions.
Kevin G.
STR Permit Requirement
29 January 2024 | 16 replies
Once the permit is received, I know at that point I would be eligible for the SRT loophole, but can I depreciate my home based on the Purchase Price plus any upgrades (new floors, bath remodels, adding recessed lighting, etc)?
Boston Caruthers
How to collect rent with new IRS Rules?
29 January 2024 | 3 replies
If my tax preparer says I need something from all the platforms then I’ll worry about it but until then I’ll just go on about my business and report my rent to the IRS based on how much I know I receive from each tenant each month.
Faiz Kanash
Does my type of income qualify me for a conventional loan?(Bank statements loan?)
29 January 2024 | 8 replies
I know there's the option of getting loans based on bank statements, but even with this information is it possible to get a loan still?
Ashley McCrady
St. Louis, Birmingham, Cincinnati Rentals?!?!
30 January 2024 | 12 replies
Forsee Power is a French-based EV battery company that will be establishing a North American HQ in Columbus.
Bruno Torres
Home is not renting!
30 January 2024 | 16 replies
Again, i could be way off base assuming these things, but that's what im gathering from the information you're providing.
David Ten
High DTI Home Equity Access
29 January 2024 | 10 replies
Hello Hello,I need to access My Equity But my DTI is High, this some information :- My Equity is about 240K- My Mortgage Payment = $ 1750/Month ( include everything ( PITI ))- My W2 = $4700/month- My Credit Score 690 (based on soft pull)I need :- 70K to build 4 separate bedrooms on my backyard, so I can rent it out. and generate income.I have Debt =- Car Loan 35K / Monthly Payment $720- Credit Card 25K / Monthly Payment $700 ( this debt not for luxury, but to build room addition about 250 Sqft, 2 years ago)So my total monthly payment debt + mortgage = $3170My Taxable Income W2 only $4700But my Family (from other country) deposit to my chase checking account about 25K ( about $2000/every month) per year.And No, I don't have anybody can be my cosigner / co-borrower.