Terri Donovan
Simultaneous Apps for 2 SF Investment homes in Missouri
Both homes newer single family homes under contract for 205ishK; in MissouriJoint Application: Credit Scores High 700s; low 800s; 25%+ down, 47% DTI w/o rental income; under 40% with 75% of market rate rent on new hom...
David V.
Expensing vs. capitalizing - new property
Hello fellow investors, I have a question regarding expensing vs. capitalizing expenses incurred before the property is advertised for rent. I have purchased my fifth rental (new construction) and need to buy fridge,...
Matthew Amabile
NJ Duplex Analysis Help
Real estate question: ANY AND ALL ADVICE/CRITICISMS ENCOURAGEDSo here's the scenario. I have a property that the seller is willing to finance on with 25% down and hold a note at 3% for a year. The property is in a t...
Matthew Amabile
Seller Financed Property Analysis
Real estate question: ANY AND ALL ADVICE/CRITICISMS ENCOURAGEDSo here's the scenario. I have a property that the seller is willing to finance on with 25% down and hold a note at 3% for a year. The property is in a tow...
Luis Martin
Flipping Houses with an offshore LLC.
Would it be risky to open and offshore LLC in order to pay less taxes on the profit made from flipping a house? Is that even possible? Please advice.
Tracey Hamilton
Expenses in attempting to purchase first rental but didn't close
My basic question is, are expenses incurred in the purchase of a first-rental property deductible as losses on taxes, if the property deal does not go through? Example, had accepted offer on a mulit-plex, in escrow, ...
David Merino
Rent out my primary residence
Hell everyone. Hopefully this is the right forum to raise my question. I have my home that I recently bought ( less than six months ago ) and it’s under a primary residence mortgage, it is a condo unit, I’m being relo...
James Mackenzie
Commercial loan costs after not closing
This is my first time dealing with a commercial loan for a property that I was going to buy. Due to the appraisal and other factors, I had to terminate the deal.However, after a week, the bank that I was using is send...
Sean Grady
Fix and Flip Analyzing Tool
I'm considering doing a couple flips this year but I'm concerned about the data in the BP Fix and Flip tool. It doesn't appear to calculate or take into consideration the "down payment" for the acquisition! This see...
Joe Lijoi
Tax treatment for LLC with no income but expenses?
Hi all! My current full rehab duplex project is owned by an LLC which owns nothing else or has not generated income yet. My question is can I use the expenses incurred on the project as deductions even though there h...