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Results (10,000+)
Jeff Lever Tax Questions on Quit Claim Deed - Claim Gift of Purchase?
25 May 2021 | 1 reply
Property: 4 BD / 2.5 BA 2-story HomeOnline Value: $284k (Z: $292.5k, R: $285k, Red: $275k) less repairsRental Comp Range: $1500-$2100/mo - Most likely $1650-$1750Repairs: $34kActual Value: $250kOutstanding Mortgage Balance: $110kPrevious Purchase Price: $88kRV Purchase Price: $134kHow would you structure this deal to minimize expenses, fees, & taxes given the following info:1) FIL can give transfer property to us given any of the following strategies:    *$0 (gift)   ** $110k (we assume the outstanding balance on his mortgage)   ***We transfer at market rate (quit claim deed adds us to property deed, $110k refi with wife & I assuming all debt, then he's taken off deed w/ quit claim & we pay him 140 payments at $1k month for the equity he has in property w/ no interest).   
Daniel Walton Running the numbers on my 1st BRRRR!!!
25 May 2021 | 6 replies
They take into consideration taxes and insurance, in addition to the net income of the property, and formulate what's call the "DSCR" or debt service coverage ratio.  
Wes Franco First Time Investor/Owner in Ultra-Expensive Market
28 May 2021 | 8 replies
Purchase a duplex in San Diego and live in one unit - PROS: essentially get help paying my mortgage via rental income, proximity to rental property, maximizing FHA loan on a more expensive property (maximizing my down payment in a low interest rt environment) CONS: The market is so unbelievably expensive and rents are not comparatively high enough to really make most moves profitable, high Debt to Income ratio thereby limiting my ability to purchase again2.
Jake Greener Looking to invest out of college with 10% down
25 May 2021 | 2 replies
An investment partner and I (both of us are in college) are looking at investing in a real estate property in the greater Orlando area.Upon graduation we will both have a salary around $50k with zero college debt (thanks to parents who prepared heavily for our futures!)
Dennis Ren Help! Wife doesn't believe in real estate...
25 May 2021 | 0 replies
She thinks taking on mortgage debt is bad, and makes life stressful, even though everything cashflows positively. 2.
Matthew Packard Inflation concerns with commercial
2 June 2021 | 13 replies
On the flip side, if you take on fixed debt for 5 years and the market rent increases, you will come out much better.
Brian Choi Getting a second loan
25 May 2021 | 5 replies
If your income and debt to income ratio can support both, then yes you can. 
Patrick Nolan Keeping debt vs paying off
25 May 2021 | 1 reply
It goes against my instincts to push the debt out that far when I’ve already got ten years done.
Matt Wells Does using a portfolio line of credit affect DTI ratio?
27 May 2021 | 9 replies
The monthly payments on the line of credit will be interest only, so that is considered debt?
Bianca Cadogan Creative Financing for a first time home buyer
29 May 2021 | 2 replies
The only thing is I've been working so hard on getting my credit to be over 700's but now I have no money for the down payment and closing cost due to paying down credit card debt to avoid interest.