Michael Layne
Taxes with multiple properties in Michigan
30 September 2020 | 4 replies
So for example if you purchase a property from a homeowner their property taxes will have been lower than yours once the homestead credit no longer applies to the property.
Micah Hensley
New rental regulations in Raytown, MO - Kansas City
29 September 2020 | 5 replies
From what he says, all rentals will now have to apply and pay for a license and pay for an inspection every two years as well to make sure it meets their requirements.
Dane MacLeod
Credit Pulls when Investing
28 September 2020 | 2 replies
I am just getting started and applied for my first pre-approval.
Tamara Shipp
Rental property never makes money
30 September 2020 | 12 replies
Applying consistent, professional tenant screening and being strict about your lease will prevent > 90% of problems, and buying in an area where good tenants want to live will massively help you quickly find qualified tenants.
Jorge Gil
Tenant will not leave after lease expired. Eviction? (fulton, GA)
28 September 2020 | 4 replies
If you are filing eviction because of unlawful holdover - which is what this sounds like - the CDC doesn't apply.
Lloyd Segal
Economic Update (Sept 28 - Oct 3, 2020)
28 September 2020 | 0 replies
(Another 630,000 workers applied for Pandemic Unemployment Assistance, a program for the self-employed and gig workers.)
Rob Newsom
Am I being silly to limit my properties to states w/o income tax?
6 November 2020 | 17 replies
So the short answer is yes - if you have net taxable income from a no-tax state but reside in a state that taxes income, there may be income tax due to your home state.Typically, your resident state gives you a credit for taxes paid to other states to ensure your income is not double-taxed but this would not apply to you if all your investments are in states without income tax.When dealing with CA, you'll also want to be mindful of their strict annual LLC fee laws.
Terrence Evans
CA SB 908 Debt collectors: licensing and regulation
30 September 2020 | 6 replies
Who needs to apply???
Eric Lin
What type of Conventional Loan to get (investment vs secondary)?
28 September 2020 | 2 replies
While most people will not question you occupying the property if payments are made on time, when you apply for another loan this will be found out.
Sean Kelley
Refinancing Question - Primary and Rental Properties - Wife Only?
9 October 2020 | 19 replies
@Stephanie P. and @Brian GerlachPer FNMA Freddie guidelines, the 10 financed property rule only applies to properties in which you are personally obligated on the debt.