Does anyone know of someone who lends on second home loans and will count short term rental income towards DTI after 1 yr of it on taxes (instead of needing it on 2 yrs)? We’re under contract and our original lenders ...
Looking at buying multiple properties but am worried my debt to income will drop quickly. Curious If cash flow can count towards your income in order to more easily buy another property.
Hey everybody, it's inspiring to read all of your stories and I can't wait to be in the position where I can help the BP community too.I have a question about getting started. Being an 18 year old freshman at ACC in A...
Hello All, I have been doing some reading up on how to use 'excessive losses due to depreciation' and of course came across the Real Estate Professional Designation for tax purposes. This is realated to buy-n-hold ren...
If I get a property under a land contract say for $100k and the monthly payment is $700, will the $700 payment pay down the $100k?
The countdown to 1 million forum posts just got a bit closer as we passed the 250,000 post milestone today!
I still remember the first post on the site 5+ years back, and really just want to thank...
Are there any lenders or particular programs that will allow you to count rental income to help qualify for an owner-occupied multifamily property? Four-plex in particular.
What is your strategy for reaching out to those who have a foreclosure right around the corner? We're talking less than 2 months away. Bankruptcy doesn't count. That's too easy. What other creative financing do yo...
I am a self employed sole proprietor. I am looking to buy my first house this year so I am being extra careful with my final tax number and not deducting too much.
However, the SEP tax is really killing me, and I am ...
I know to count rental income it's two years, but I don't really care if lenders don't count my cash flow as income. I'm more concerned with whether they will still count my mortgage payment as debt even if it's a ren...