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I’m making two years at my job in July but my 2021 w2 is about a half year, my 2022 w2 is the full year and obviously 2023 would be half done. How would they look at it? The past 2 years? so only 2021 and 2022?and if ...
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So I'm getting ready to close on my first investment property, single family with FHA, which i will be househacking. My question is: How do i acquire my second property after the 1 year occupancy period?
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In David Green's book the " BRRRR " method he provides an example of two different guys that acquired properties, Tom and Mike. Tom saved up the same amount of money every year to purchase one property that didn't nee...
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Hello all,
I have been looking at multi-families recently with hopes of house hacking via an FHA loan but I have been looking through the forums and learned that FHA requires 2 years of W2 income. I have consistently...
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Could someone explain depreciation recapture to me?Here's the specific scenario I'm thinking about. You have a rental property for several years. You are obviously claiming depreciation during that time. You decide...
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I am looking to get an FHA loan on my first property in 2015. I was wondering if I need 2 years of work experience. My income is very little but I'll have a lot in savings at that time. I am in graduate school so I...
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I have a contract on a property and the owner told me there is a two year lease on it. Am I obligated to uphold the lease?
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Our Anchorage-based single family home tenants' lease is up in May 2020. They have indicated they are going to save up for a down payment on a new house and would like to rent two more years. Yay! They have asked i...
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This is my house hacking story that will go into a little depth of how I got into real estate, live debt free, and show some rough numbers of my property. This is my first “blog/forum” and will help me achieve my goal...
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This is not my only rental, but the only one in an HOA. The tenant has a bankruptcy and I took a chance on them with a higher rent + double the deposit. They have been great overall, I don't have to worry about them g...