2 January 2022 | 6 replies
Furthermore, if I used funds from a cashout refi to pay these taxes, can I deduct $7k portion of interest as interest expense from my schedule E?
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8 November 2021 | 0 replies
It turns off househackers which is a big portion of the buyer pool Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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8 November 2021 | 1 reply
It turns off househackers which is a big portion of the buyer pool Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/388772/small_1621448434-avatar-invested73.jpg?twic=v1/output=image&v=2)
11 November 2021 | 4 replies
If that is a problem portion then yeah maybe they are.
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19 November 2021 | 10 replies
So unless you're going to call and say "hello, I would like to put 25.09% down on a home purchase," the terms/fees/apr/etc advertised aren't applicable to you and need not be honored (it goes without saying that "Joe Consumer" isn't going to click on "legal disclosures" in size 5 font at the bottom to read the below snip, so "Joe Consumer" would never know that 25.09% is the magic code to get what was advertised).I could go on, but basically there's no way to advertise rates online and be honest about it.
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8 November 2021 | 10 replies
It is regular size print that is clearly visible when you book.
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10 November 2021 | 7 replies
It seems everyone is going over or under this size of multi families.
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23 August 2022 | 2 replies
So if I were to go the OZ route with the example 1M gain it would look something like this:B/C CA is "Non-conforming" to OZ, PAY THE CA PORTION OF THE TAX IMMEDIATELY -- ABOUT $105k (i.e. pay by 04/15/2022)- TAXES ON REMAINING GAIN DUE TO IRS about $345K.- Those taxes will be due 12/31/2026 (pay by 04/15/2027?)
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12 November 2021 | 2 replies
Got a couple questions about the rehab portion on the HUD in a delayed financing scenario and how it would affect the subsequent cash-out refi that hopefully y’all can help me understand:1) does the work have to be performed by a contractor (similar to how an FHA 203k loan requires this) or can you do it yourself,2) does the scope of work have to be line-item’ed or is it just a bulk amount for the whole shebang,3) in the event that the sun, stars and the moon all aligned and Mercury just happens to be in retrograde in the rehab actually came in under budget (say, $30k put on the HUD for the rehab and it came in at $25k all said and done), is the excess amount returned or just what happens in that scenario?
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12 November 2021 | 1 reply
For example, at Builders Trust Capital, we don’t charge application fees but may ask for a portion of the attorney’s fees upfront when dealing with a complex loan.