Mark Devereaux
Need some advice quick; tax returns vs listing information
I've been looking at a 16 unit building for a few months now. Price started at $440,000. The day it dropped to $300,000 I went to look at it and put an offer on it.
The seller represented the following in the listi...
Chase London
Getting FHA Loan Approval w?only 2015 tax returns?
I'm trying to get any info or tips or even advice on what i should do. Looking for a 3-4unit using FHA Loan but switched income source back in April so previous returns reflect old income source and currently income i...
Marina Loos
old active Bank loan requesting updated tax return/income
Last year I took out a loan from a bank using one of my properties that had no mortgage on it. It's a fixed loan with fixed payments. It was to pay emergency bills. I only have a few years to pay it off as everything ...
Martin Estrada
12 Month Bank Statement Loan/1 Year Tax Return
Hi , I am a 1099 contractor and looking for non prime lenders. I am based off New Jersey.
Jack Zhuang
Over paid in Tax return, what should I do?
It's that time of the year, I decided to do my taxes early this year and submitted my tax return last week. As I'm going through my rental leases today, I realized I forgot about a one month vacancy in one of my prope...
AP Horvath
Valuation on CRE as cash business without tax returns?
When you are looking at a Mom & Pop deal like self-storage or self-service carwash -- and the seller absolutely refuses to provide financial statements or tax returns -- because they have been running this as a ca...
Larry Flanagan
How much should I be paying for tax returns?
I have an S-corp that rehabs and I own a few rental properties personally. I turn over my Quickbooks for the S-corp and a spreadsheet for the personal stuff. Its pretty much fill in the blanks for my tax returns. W...
Johnoson Crutchfield
How Tax Returns Affect Real Estate Investor Bank Financing
I don’t see a clear answer to this on the forums. I keep having bankers say “be careful with reporting losses on your taxes because it could make you unbankable.” What does this mean? How do you make sure that you ...
Sean Rogers
How to account for a duplex on tax return
I have a friend that bought a duplex. He lives in one room. He rents the other two rooms on one side to his friends and has the other side rented out. He is saying that he can not take any portion of his house and st...
Erich Jaeger
Is it impolite to for the seller's tax return?
Looking to buy a new commercial property, and wanted to see their tax return to see if their numbers matched. I'm not sure the specific form I am asking for, but I believe the most reliable information about a propert...