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25 June 2024 | 7 replies
triplex or fourplex will not satisfy self-sufficiency test as FHA requires that the property’s rental income covers 100% or more of the mortgage payment.
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25 June 2024 | 37 replies
They have a convenient website where you can track your rentals and the money you are receiving from them.
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26 June 2024 | 3 replies
We also currently have an LLC set up for our short term rental operations which we have been already running out of our spare room in our home which will cease when we rent it out.
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22 June 2024 | 5 replies
Refinancing my first Brrr deal and I’m looking to buy my second property near cinci/Covington because I’m wanting to get into mid-term rentals.
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25 June 2024 | 2 replies
However, this requires careful planning and adherence to 1031 rules.Holding and Renting Units:Retained Units: For the units you retain (one for your business and one for rental income), you will continue to benefit from rental income and potential appreciation.Depreciation: You can continue to depreciate the retained units, which provides additional tax benefits by offsetting rental income.With these considerations, this approach allows you to leverage the benefits of a 1031 exchange while maximizing the potential of your investment in the commercial property.
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25 June 2024 | 9 replies
I have a rental condo in Denver that I need to do either a cashout refi or some kind of delayed financing on.
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26 June 2024 | 21 replies
I don't follow the short term rental trends, but long term rentals are easy to get up and running with a good return.
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25 June 2024 | 3 replies
So my brother and I are saving for a rental property.
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25 June 2024 | 8 replies
Cousin A currently lives in one half of their primary residence and rents out the other half.Cousin B has a rental property they want to get rid of by doing a 1031 exchange.If Cousin B buys 50% of Cousin A's house as tenants in common, can A & B essentially switch over the rental income to B, whereby B reports all rental income and expenses on their taxes and A reports no rental income and expenses?
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26 June 2024 | 12 replies
We are local to Waco and specialize in small to medium sized remodels and maintenance on rental properties.