Ying B.
Approve or Deny? Expenses > Income but meet Gross 3X of Rent
2 March 2024 | 5 replies
Furthermore, if your concern is the quality of the tenant pool why not forgo the credit score requirement instead of DTI.
Brendan M Brown
Starting out; Disgruntled
5 March 2024 | 70 replies
A 200K purchase price will require about 7K in down payment and you'll need reserves.
Matthew Tyson
No Seasoning DSCR Options?
1 March 2024 | 21 replies
As the title reads, I am looking for a DSCR lender with no seasoning requirement (if possible).
Manu Ramos
1 million goal
2 March 2024 | 11 replies
Many of the positions only require a high school degree.
Seena N.
California resident sold rental property in Georgia - CA capital gains??
1 March 2024 | 4 replies
You are required to report worldwide income on your federal and California tax return.Since California's tax rate is higher than Georgia, you are ultimately paying California tax rates when you sell the home.California will provide you a credit for taxes that you pay to Georgia but will still be required to pay the difference.
Keith Goepfert
Minimizing Capital Gains when Selling House Hacked Property
2 March 2024 | 4 replies
By meeting the ownership and use requirements, you may be able to avoid realizing capital gains at the time of sale.
Matt Eade
Sibling Partnership and Seperate Property
1 March 2024 | 4 replies
@Matt Eade I'm not an attorney and this isn't legal advice, but you're not required to form an LLC in the state where the property is located.
Jeff P.
Brrrr cash out refi Fannie Mae surprise limitations?
1 March 2024 | 28 replies
This is several thousand dollars less than I would’ve gotten at the full 75% LTV, but she claims it is a Fannie Mae requirement?
Antonio Resendiz
Running numbers Brrrr
29 February 2024 | 8 replies
. - Annualized ROIFor Rentals that we hold in our portfolio, that were perhaps once BRRRRs, I analyze based on ROE - Return on EquityI used this equation to back into my maximum allowable offer (MAO): ARV - Rehab Costs - Holding Costs - Purchase & Sale Costs - Desired Profit as a percentage of ARV = MAO
Kristina Krich
Facebook group entry requirements
28 February 2024 | 6 replies
Hi! My friend told me about this site and I’ve made some connections with professionals but I would like to make connections with people starting out who aren’t selling anything. She told me the Facebook group is amaz...