Andrew Mestas
New to REI and BP!
31 December 2015 | 3 replies
When a borrower has a history of receiving rental income from the subject property since the previous tax year, the borrower must provide most recent Federal Tax Returns, including IRS Schedule E, covering the previous two (2) yearsCalculating Effective Rental Income � Any net rental income from the subject property must be added to the borrower’s qualifying gross monthly income after averaging the reported net rental income/loss reflected on Schedule E of the tax returns.� When calculating the average net rental income/loss, any depreciation, mortgage interest, taxes, insurance, and HOA dues reflected for the subject property may be added back to the net income/loss.� If the borrower has owned the subject property for less than 2 years, rental income/loss must be annualized for the length of time the property has been owned.
Devonta Taylor
Wholesale
31 December 2015 | 5 replies
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Eli Rose
Wholesale Question - Can a Realtor Assign a Contract in Georgia?
5 January 2016 | 17 replies
The brokerage you join might have their own legal counsel already to help with this.Generally regular brokerages will not like investors trying these things because it might not be covered by their E & O policies.
Branden Vandette
Letting a property go from unpaid taxes and credit consequences
12 February 2016 | 30 replies
It's sole purpose is to draw you in to where you see their advertising and promotional materials.The score you get from CreditKarma uses a Vantage Score formula, not FICo.
Gwendolyn Davis
H E L P
1 January 2016 | 5 replies
Hello family,Question: Someone comes to you and says "I have more than 10 acres of land with a house and two manufactured homes on it. I want to get rid of them. I live in Phoenix and the land is in rural Grand bay Al...
Andrew Thorell
New Investor from Davenport, Florida
5 January 2016 | 16 replies
We are a real estate brokerage in Davenport, and all of our agents are also investors.In addition, the majority of our clients are also investors.If there is any way I can help, just send me an e-mail...
Jerry W.
YOU HAD A BAD DAY
17 January 2016 | 34 replies
One great takeaway from your post that I will remember is to check the trailer e brake line length and make sure it is shorter than the chains.
Mike McKinzie
Dear Property Management Companies....
12 December 2016 | 33 replies
They promote creative ways to extract revenue from landlords and tenants.