Nancy Chawla
1031 Exchange with Tenancy in Common
22 April 2024 | 4 replies
If the property they are purchasing is greater than what they sold then anyone can take title to the additional percentage as a tenant in common.
Phil Shelton
paying off rental property loans - which loan first
22 April 2024 | 10 replies
But I began this reply with IF, because if they are all cash-flow positive, I would personally not seek to pay any of them off early (depending on your age), and instead save that money to put towards obtaining additional properties.
Mariana L.
In what cities/neighborhoods would a turnkey yield best cash flow & appreciation?
24 April 2024 | 49 replies
This can offset your W2 income and make money that way.
Chris Baek
Debt Service Coverage Loans
23 April 2024 | 9 replies
Qualifications typically center around whether the monthly rental income can at least break even (1.00 DSCR) with the monthly PITI.We would simply need to know the following information to determine eligibility, interest rate, and loan terms for DSCR financing:o Purchase or Refinanceo Property Addresso Monthly Rental incomeo Annual Taxeso Annual Insuranceo Estimated Credit ScoreThe documentation is relatively light as well, compared to a conventional loan underwritten to your personal income/taxes/debts.▪ Entity documents ▪ 2 months of bank statements ▪ Photo ID ▪ Lease agreement (refinance) ▪ Sales contract (purchase)
Anthony Patel
Using the short-term rental loophole in an owner occupy triplex?
23 April 2024 | 3 replies
So, both my wife and I are full time W2 employees and are in the 24% tax bracket, and I came across the short-term rental loophole which sounds really amazing for taking write offs and using them to reduce your W2 taxable income, but also equally difficult to qualify for, unless you are within a short driving distance to your property.
Account Closed
House hack questions
24 April 2024 | 9 replies
Maybe focus on getting that income up along with paying debt down.
Scott Trench
What’s Worse? Capital Call? Rescue Preferred Equity? Or Foreclosure
23 April 2024 | 30 replies
The very high income investor typically 700k a year and up income with job or business who is busy but gets googly eyes looking at some pro-forma high return and have no clue what they are looking at.
Jamie Smith
Owner Financing Properties
23 April 2024 | 2 replies
In addition to the good advice posted above, the two biggest flags I've come across:1.
Account Closed
Tenant no responding to rental raise
25 April 2024 | 60 replies
That would piss any person off even in the high income realm.
Rahul Gupta
Short term rental Hard Money Loans
22 April 2024 | 11 replies
For example, I have been informed from a couple of banks that even though my current Airbnb totally offsets the mortgage, they will not take the income from the property towards the DTI calculations but rather take the gross income from the Taxes filed and consider the mortgage amount as an expense, which was hard to understand.