Don Bible
Depreciation after cost seg study
I’m having a cost segregation study performed this year that will essentially allow me to reduce my taxable income by 20% of the purchase price after subtracting the cost of the raw land. My question is can I still d...
Andreas W.
Getting ideas how to finance a five SFR deal
I have the opportunity to potentially acquire a package of 5 SFRs. After calling my regional lender, I was told that now they limit mortgages to four instead of ten but they said if I put the properties on one cont...
Account Closed
One loan, Two Properties, Two Different Sellers
So I'm under contract for two different properties that each have separate sellers (both parties unrelated completely). Since one property falls below conventional loan minimums (75k is usually what I see as a min) an...
Tina Lee
I got a court date for my violation
I got violation describe as following ( I am on first floor of a condominium) I have no idea why I got it.Anyone has idea what’s those violation about it?§ 348-7Receptacles.A.The owner, agent, lessee, tenant or occupa...
Josh Smith
Taxes: WFH expenses California CA 540 -> Form 2106
Hi,
Any thoughts on filing Form 2106 as part of California Form CA540 line 19 “Unreimbursed employee expenses” for WFH expenses? WFH means utilities, internet, phone which I use towards office work when working from ...
Nathan Shultz
Zoning Philadelphia RM1,RSA5,CMX2.5
Hi,Had a few questions about different zoning restrictions in Philadelphia, would greatly appreciate any input. Firstly, the zoning RM1 or RSA5 both require a minimum lot width to be 15 feet & 1440 sf. Are these b...
Nicholas Knaebel
My debt to income ratio is too high!!
Hello,I am new too REI and am having a hard time securing a loan. I am a server and only claimed 24k last year. I was looking to cash out refi my house and use the 25k to buy a duplex in full. I also have enough saved...
Lindsay Conway
Where do you get your $$? We have the deals, but need more $$!
Hey guys!Have a question. My husband and I are both 27 and have, technically, 3 rentals. One is a duplex, one is a SFH, and one is a piece of land. We own all outright. The duplex rents for $450/month plus utilities o...
Max T.
Legal Question - Use - In-Law Suite - Rental - licensing
The property is a large twin, zoned RSA-3.Two entrances:Main entrance - large 5 bedroom 2 bathroom, living room, and kitchen space.Rear entrance - 1 bedroom, 1 bathroom, living room, and kitchen. In Philadelphia cou...
Wesley Robirds
Four plex financing
I'm brand new to real estate and have found a four plex in my area that I believe could be profitable but I don't know if you finance multi units the same way as single family homes? Any insight to this would be much ...