Account Closed
Mortgage application challenges with DST income on tax returns
Question for those of you that did 1031 exchange into DSTs, and then applied for a mortgage:
I'm finding that every single mortgage lender representative I've worked with, or attempted to work with, has never heard o...
Charles H.
How to do tax return on 25/75 partnership
Hello,I am purchasing a rental where I put 25% of the money and my mother put the 75%.There is no LLC, etc. The county registers the equity percentage.I was thinking about doing a K1 but it seems to be for legal struc...
Chris Little
Advise on tax return for RE investor and Realtor
Looking for some advice on finishing my 2020 tax return.
Here is the situation:
In 2020 I became a realtor and also acquired an investment property. 2 different activities that need to be reflected on my tax retur...
Jane S.
They havent filed tax returns for 2021 or 2022
Showed house to a married couple who actually completed their rental applications quickly, mostly accurately, and have good rental history and working the same jobs for years. They are the first folks to ever accompli...
William Coet
Do Banks Require Tax Returns to Lend on Multifamily?
Hello,Are existing leases enough for a bank to lend on multifamily, or do they require tax returns? Does it depend on the bank?Thank you
David Kuhlke
CPA charging me $3,000 to prepare simple tax return?!!!
Hello BP community, My wife and I work w-2 jobs and own 3 rental properties... nothing crazy. Is it normal for my CPA to be charging me $3,000 to prepare our tax return? This is my first time using a CPA and I don't k...
Jessica Lamont
HELP! 1st investment. LLC or personal. No Tax Returns.
We are about to purchase our first investment property using the BRRR Method. We would really appreciate any advice from experienced investors on refinancing. Should we purchase under our personal names or open an LLC...
Renee Chase
New Invester, 300k, No tax returns, 62 years old
Good morning! I’m really hoping you guys can give me some guidance. Here is my situation. - I’m 62 years old and have 300k to invest. - I don’t have tax returns, so a conventional loan isn’t going to work (as I under...
Steve S.
Does Cash on Cash return include taxes and insurance?
From J Scott's spreadsheet, it seems to be included. I thought I've read other people say it's not. I;m trying to make sure I'm using a consistent calculation as I evaluate various properties and discuss Cash on Cas...
Kimberly H.
Debt coverage ration (DCR), tax returns, and commerical loans
I understand that DCRs need to be 1.25 and above for commercial loans, but what source do lenders use to compute those numbers? Tax returns? Just most recent or 2 years worth? Do they ignore depreciation as it appears...