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18 March 2024 | 7 replies
I only have one property and it’s got around 80k in equity that I can’t use until mid July but make decent income from that rent, my plan was to use the initial cash out refinance to do a fix and flip or 2 to pay back the refinance and use profits to go towards another rental but the waiting period I feel is making me miss out on a lot of opportunities.
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18 March 2024 | 23 replies
Do those go to the corporation as income?
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18 March 2024 | 21 replies
Flippers buy from wholesalers because they don't have the time required to build SOPs to generate off-market leads and convert them into contracts/projects.
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20 March 2024 | 19 replies
Generally, when you redeem reward points for flights, hotels, or rental cars for business purposes, the IRS considers the fair market value of the redeemed rewards as taxable income.
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18 March 2024 | 11 replies
I need to replace that monthly income of $5200 a month, and I have ambitions to invest out of California and am looking at markets like vegas either short term rentals, codo hotel (very iffy on this), and Toledo, Ohio.
18 March 2024 | 11 replies
can cashout rural to 75% no income no doc on the DSCR program .
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18 March 2024 | 8 replies
LLC probably will just need lease and rent receipt, Conventional will want all your income docs etc.
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16 March 2024 | 3 replies
Can you put rental income aside to save for the next deal?
17 March 2024 | 8 replies
The lot doesn't generate cash flow so it does not throw off any money to make a payment with.
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18 March 2024 | 3 replies
My 250K tax benefit will run out before his lease does on the 2 of 5 rule, so it might be a good time for me to sell - and help him with a lower rate than banks can give while giving me income until he refinances.