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7 February 2024 | 7 replies
Plus taxes and insurance of $20000+ X 10 years= $200000You will need a $1,010,000 loan at 77% loan to value of $1,300,000 to pay them in full.You will need a FICO of 720 and $27000 monthly income assuming you don't have credit cards or car loans... assuming Jumbo loans are qualified similar to how it works today.
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7 February 2024 | 5 replies
And in year 2 there was $40K distributed from income.
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7 February 2024 | 9 replies
Landlords can leverage the allure of granite countertops to attract discerning tenants and position their rental properties as desirable, high-end living spaces.In conclusion, the benefits of granite countertops extend beyond their aesthetic appeal, offering practical advantages and the potential for enhanced rental income and property value.
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7 February 2024 | 13 replies
I got a house and have been house-hacking with Air BnB, now is the time that I'm looking for doing the taxes with my W-2 and the Air BnB income, does anyone have any recommendations on an accountant in the upstate South Carolina area that is familiar with doing taxes for real estate investments (ideally specifically short term rental).
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6 February 2024 | 3 replies
How exactly do you file taxes when you have a 9-5 but also generate income from self employment?
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8 February 2024 | 17 replies
In these cities, your financial resources will go a long way enabling you to assemble a diverse multifamily portfolio and initiate a steady stream of income.
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7 February 2024 | 10 replies
DSCR loans won't use your income to underwrite the loan.
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7 February 2024 | 6 replies
And are you using conventional financing (standard income, DTI loans) or nonQM financing?
7 February 2024 | 9 replies
Having specific goals will direct your approach, whether it's increasing passive income, reaching financial independence, or diversifying your investment portfolio.A single-family house or a modest multifamily property would be good places to start for a reasonable investment.
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8 February 2024 | 7 replies
You are able to deduct your property tax and the interest you pay on your mortgage from taxes you owe, this should be counted as income from the asset.