Chris Logan
Looking for some Clarification.
30 January 2024 | 5 replies
This will increase your filing fees significantly versus just your normal personal return Depending on the level of personal services provided during the tenants stay you will report it as self employment income versus passive income.
Mario Keophilalay
Furnishing Mid-Term Rentals
29 January 2024 | 21 replies
You can make interest free payments from 6-12 months depending on how much you spend.
Will Bazile
Saving for/during house hack
29 January 2024 | 24 replies
It's hard to beat a match for the 401k, but depending on your situation ROTH 401k's are great opportunities.
Zachary Stanley
Do some people just have "it". Whatever "it" is...
29 January 2024 | 29 replies
The "it" factor varies but it usually is always with some ability to manage stress better than their relative peers.
Steve Lopez
Looking to start passive income in rental properties, with $200k in 401k
29 January 2024 | 28 replies
That comes with some risk depending on the borrowers.
Vickie Corbin
New Member Investor Unsure of next steps to purchase property
29 January 2024 | 4 replies
When it comes to financing your next property, both a Home Equity Line of Credit (HELOC) and cash-out refinance are viable options that use the equity in your property as leverage.Your decision of the 4 options would depend heavily on risk tolerance.
Frank McGovern
closing costs in wholesale deal
29 January 2024 | 16 replies
Unless the QCD is being recorded in a state like PA, where they impute a value for the property that approximates FMV, and they set real estate transfer taxes (between 2% and 4% of "value" depending on county) based on that imputed FMV.
Brady Tome
Multi-Family Deal Analyzer
27 January 2024 | 10 replies
Those vary widely, so you just have to crunch the numbers when the time comes.I have spreadsheets I've created myself to do all this for me by just plugging in numbers.
Ian Martin
Lender who will do a HELOC on investment property in Mass?
28 January 2024 | 26 replies
These were largely sourced pre-CV19, so eat the fish and spit out the bones.The DTI percentage range varies by lender, and is less than what you will find for an owner occupied property, due to lender risk.
David Ten
Room Rental ?
28 January 2024 | 8 replies
Rental per room will be always more profitable than as a whole, depending on the market of course (rural vs urban) check local listings for comps.