Good morning,I am new to RE investing, an made an uneducated decision trying to offset some income taxes. My CPA informed me that my AGI exceeds the $100/150k threshold to have pass through passive income losses offse...
How important is it to be pre-qualified on a loan and/or preapproved for residential property deal (specifically single-family home)?
Is there a formula for determining if an applicant is qualified financially?Thanks!!!!!
My partner and I have been saving up to buy a multi-family house in the Hudson Valley. The idea is to buy something with at least one rental unit so that we can transition to a life with lower monthly costs over time,...
I have a financed primary residence, a financed rental, and another property that I purchased with cash and am rehabbing to rent out. I have a tenant ready to move into the new rental as soon as it is complete. I ha...
I went from W2 to 1099 in the middle of 2016. I had some 1099 income filed on 2016 taxes, but not a lot (and I wrote most of it off). 2017 is all 1099 and I did much, much better. So, I have 1099 income for two tax ye...
What type of buying credentials do you have for a mobile home park? What are you looking for? What type of CAP rate are you looking for? How do CAP rates for a MHP compare to an apartment building for instance?
Hello BP, what are the lender requirements for Mid-Term Rental income? I started my MTR in Sept 2023 and some lenders I've spoken to are saying different things such as 1 year tax returns, 2 years tax returns.. Can't ...
I am new and have only rehabbed one home which I sold. I would like to be able to start building an inventory of rentals but I have very limited cash on hand and my income is very low also. I believe I can obtain...
QUESTION: I have 9 rental vacation properties that I rent online. 3 do not qualify as long term, because they do not meet the average 7 day or above rule. However I manage, market and rent them in the same format as t...