Rudy Manna
Looking to buy rental in Tacoma, wa
I am from Seattle are and just got my first rental on market. Here on, I am looking to build a solid buy and hold rental portfolio.I was thinking of buying a SFH in 100k range in Tacoma area. Tacoma has some of the lo...
Andre Chouinard
Owner occupied duplex DTI calculation for HELOC
Hi everyone,I have been owner occupying a duplex (renting out one full unit plus spare bedrooms) in Dover, NH since 2016, get rents totally $3440 monthly, seen great appreciation on the property value, and want to ope...
Dennis Tierney
Obamacare rent tax
For those of us who are passive investors 2013 brings new federal gross rent tax of 3.58%, thanks to Obmacare. It is one of the myriad of new taxes passed by the Social Democrats. How are other passive investors of th...
Brandon Beaudoin
Accredited investor qualifications
Hi yall!I'm generally aware of the requirements to qualify as an accredited investor for 506c offerings EXCEPT it's unclear to me on the $300k joint income requirement for past two years and expectation to maintain/ex...
Scott Schlueter
Is this a good investment?
I'm considering a 4 unit property. It is 2 duplexes with attached garages. The property is in great condition in a desirable area. Purchase price is 300K. Gross income should be around 36k per year. Taxes are 9k and i...
Michael Plaks
Sch C reporting of installment sales for residential lot dealers
I usually answer, but now is my turn to ask.Dealers of residential lots are allowed to use installment sale method. If said dealer operates as an S-corp or partnership - reporting is fairly straightforward. But what i...
Jeffrey Allen
Masshousing loan program
Is there anyone familiar with the Masshousing loans? If so:
1. Are the income limits based on gross or net?
2. Is income W2 verified or Pay slip verified?
3. What are the loan limits for Boston, Waltham, Salem? Ju...
Jeff Ryers
Formula For Tenant Qualification?
Is there a formula for determining if an applicant is qualified financially?Thanks!!!!!
Cesar Garcia
Income Verificatiion and Screening
I have a quick question. When screening prospective tenants we look for an income at least 3x the rent amount. So for example if we charge 4k for a house that means they have to make at least 12k to qualify. Now my qu...
Daniel Rutledge
Question about DTI and counting rental income
I am planning a few refinances and want my ducks in a row. I have two questions on how conventional banks calculate DTI. First question is will they count W2 income from gross or adjusted gross from tax documents? For...