Albert Bui
Your Taxes & How it Affects your Ability to Qualify
If you are applying for a new loan during the year in which you purchase in which case you have not yet filed a tax return to claim the rental property will be 75% of gross rents evidenced by lease agreement and...
Account Closed
Basis when purchasing subject-to
@Steven Hamilton II and @Dmitriy FomichenkoI read some threads recently where the info on basis when purchasing sub2 seemed conflicting. 2 years ago I bought a property subject-to the existing liens of $250K. Then f...
Sam Young
Mortgage applications: Is there a legal requiremen to disclose all sources of income?
When applying for a mortgage is there a LEGAL obligation to disclose all income or can you disclose the income sources that will qualify you for the loan? For example, can I just disclose my employment income and not ...
Matt Hogge
Triple net on residential house
GreetingsI am looking to set up a lease on a residential zoned property with four units on it. House is approximately 100 years old but in good shape overall. I plan to rental arbitrage the property and run a short t...
Sterling Britt
Rent to Income ratio?
Is there a number you guys use for monthly rent to income ratio when evaluating prospective tenants? I was told gross income should be 2.7 times monthly rent.
Mike McClung
Brilliant? Dumb? Totally unworkable?
Hi all,
I suspect my understanding of liens is faulty, otherwise someone else would probably be doing this already:
Search county tax rolls (many of which are online) to find delinquent/forfieted tax properties in ...
Chris G.
Cash out re-finance of heavily seasoned properties but no tax returns?
I have 7 SFR's that have been rented out for several years now. Total approx. value is ~~$1.1MM. $0 debt, $0 deferred maintenance, nice homes in good areas. (FL and CA). No funny business, clean titles, no past due ob...
Paresh Patel
Is there a tax deduction for loan default interest not-paid?
Hello. I would like to pose a question relating to the tax treatment of Loans made though any of the leading Real Estate Crowdfunding Portals that go into Default.Many of the CF sites may reasonably be expected to ev...
Sheen Jowl
private lending mortgage w/ my name or LLC impact conventional?
Hi Bigger pockets community,I got a question regarding to the limit of "10 financed properties" for conventional mortgage. I wonder is private lending mortgage counted within the 10 properties? My understanding is it'...
Account Closed
Seeking CPA to handle form 1065
This is my first year putting a single property into a LLC. I am having issues and confusion on trying to fill out form 1065 so I am looking for some guidance.Is there anyone in the Sacramento area that is specialized...