However, a common misconception is that these loans have no effect on future full income documentation (full doc) loans.The truth is: Even if a DSCR loan doesn’t show up on your credit report, lenders will still consider its impact when assessing your ability to qualify for future financing.

"Financial Advisors" tend to be glorified stock brokers.

If you rent rooms and document it for taxes, after it's on your tax returns for two years you'll be able to use that income in future as "boarder income" 

They literally went through each operating agreement and prepared an email listing out each member of each LLC and clarifying they each had to guarantee the loan despite the fact none of those entities were even being used for the purchase (which was previously explained to Dominion Financial). 

This makes you exposed to the biggest financial pitfall that comes with owning a rental property...vacancy time (the amount of time your property does not have a tenant).Setting your rent a couple hundred above market rate is not a vacancy issue.

Partner B will get $220,000 + the single wide, while Partner A's heirs will get the apartment building and the double wide.They intend to sell one property ( the double wide mobile home ) and use the proceeds to either pay down the loan or reinvest in another rental property (possibly in another market).To defer capital gains tax, they plan to use a 1031 exchange for reinvestment.Goals & Challenges:Tax Efficiency – Structure the transfers and payments to minimize tax liabilities for Partner A’s Spouse and the Children.Guaranteed Income for Partner A’s Spouse – Ensure a fixed monthly payment of $1,100/month while transferring ownership to the Children.Long-Term Investment for the Children – Build a solid rental portfolio to support future financial growth.Operating the LLC Under New Ownership – Ensure a smooth transition, including removing Partner A’s Spouse and Partner B from the LLC structure.Proposed Plan & Questions for Advice:Instead of outright gifting the 50% interest, the LLC will be restructured so that Partner A’s Spouse retains a Preferred Equity Stake that provides them $1,100/month in priority payments but gradually transfers ownership to the Children.Payments will only be made when rental income is sufficient (i.e., when rent increases to $850/unit).Partner A’s Spouse is willing to forgo payments in bad financial times but wants assurance that they won’t face any tax consequences on unpaid amounts.If Partner A’s Spouse passes away before full ownership transfer, the Children inherit the shares at a stepped-up basis (avoiding capital gains tax).Questions:How should the LLC Operating Agreement be structured to allow withholding payments when necessary without triggering tax or legal issues?

Most investors using baselane aren't accountants or financial advisors.Being able to edit Chart of Accounts, add or remove, is very useful.For instance, I have a client that owns rental properties and build construction homes.

It's not for everyone, but it has its place and if you're already solid with your financials, it's a good addition to get your mortgage paid off QUICKLY.

Looking for some feedback if anyone has used Launch Financial Group for their DSCR loan on STR.

Hi everyone! I’m Ariam from Miami, I'm an aspirant for new real estate salesman (finishing pre licencing course). I’m just getting started and would love some advice on how to kick things off the right way. What are t...