Fausto Carosella
Adding Back in Mileage Deduction for qualification
Hey All, when qualifying for a loan, with using a rental property as income for example, You use rents received and subtract all the expenses, but you ADD BACK Mortgage interest, taxes, Insurance and depreciation. You...
Mary Joe
"Foreign Qualification" doing business out of state
Hi All,
I got so confused about reading this article about doing business out of state. Does it apply to rental properties that I own out of state?
http://www.bizfilings.com/learn/doing-business-other-s...
Joseph Camp
Pre-Qualification Letter for a Commercial Purchase?
I received a second counter offer on a 6 unit apartment building. As a part of the offer, they are asking for a pre-qual letter. Is it possible to get a commercial pre-qual without the complete financials on the prope...
John Osborne
Salary Job vs Sales for loan qualification ?
Hey everyone,I currently have a salary job but am considering transitioning into sales. I was wondering how this would effect approaching banks for traditional financing? With a salary job you can provide a set income...
Richard Fulgium
Quadplex rental income as qualification for loan
Hello all,
Will mortgage companies consider income from the rental units when qualifying you for the loan?
Hassan Muhammad
What are commercial Multifamily loan requirements/qualifications?
Greetings ALL!Im a new investor looking to collect 70 commercial multifamily units!My question for you is: What are the qualifications that need to be met in order for a commercial multifamily loan to be granted? (I d...
Cameron Riley
Class C Property Owners.... Pre-Set Qualifications????
Scenario: You Own A Home, A Duplex In An Urban Area, The Property Is Considered "Class C"... The Area Has Some Riff Raff And You Know This. It Is Time To Start Renting Out Your Property, Your Goal Is To Obtain A Good ...
Kevin L.
Qualifications needed for doing 1031 + 121 exclusion?
If the house that I currently live in was never rented out before (for many years now), how long do I have to rent it out to someone else in order to qualify for a 1031 exchange and the 121 exclusion together when it’...
Joe Johnson
Commercial Loan Qualification Issue and Tax Returns
Do you have to report all maintenance expenses on a duplex or apartment building on your tax return? I understand I would pay more taxes if I did not report all the expenses. However, my DTI looks better for qualify...
Nicholas Espero
Cosigning a VA Loan to meet qualifications
Hello All!I am currently in the works of putting together my first real estate investment in the form of a house hack. I currently live in the San Diego area where average unit prices are at their highest in about 7 y...