One thing I have figured out is I'm quickly becoming more and more obsessed with investment real estate. I'm about halfway through the book "How To Invest In Real Estate - The Ultimate Beginner's Guide" and am loving ...
What all can I deduct as business expenses? I closed on my first rental (a duplex) yesterday and want to make sure I maximize all my deductions. Can i deduct internet, cell phone, office supplies, car insurance (if ...
(This question does not seem to fit into any particular category but since I am asking as part of a house hack strategy I am putting it here.)I'm trying to narrow down my search for a first time home/house hack that w...
We just tried to put in a cash offer on a house, only to find out that our hard money loan could not be consider a ‘cash offer’. My question is twofold… 1. Is this normal?2. If this is normal, why in the world would a...
Just wondering about if/when the income from an owner financed property counts as income? I've heard for rentals you generally get credit for the rental income as income after 6 months. Is this the same on an owner ...
I have an applicant who's debt to income ratio is a little higher than I'm comfortable with. She is separated from her husband and he gives her money for the kids but it's just a verbal agreement so I can't count the ...
When lenders look for flippers to be "experienced" (like when you see something like "req'd minimum 5 flips"), what do experienced flippers show to *prove* their experience? I'm wondering particularly about the margin...
I currently have several 2&3 BR section 8 rentals that do ok in the Baltimore City area. Rents for very nicely renovated units are $1000-1100 for the 2BR apartments and $1325-1450 for the 3BR row homes. I have rec...
Hi all,Have a weird situation where I recently purchased a rental property 1 year ago and am looking for a new loan on a new property. I have great credit and W2 income to purchase a property before my rental income (...
We’re in the process of assuming a fha loan on a 2/1 SFH and it needs to be owner occupied. Would using the detached garage as an office count for owner occupied if we got audited? Or renting only 1 of the 2 rooms and...