Michelle Herbst
Primary residence with ADU: Any loans that count ADU Income?
I'm looking to purchase a primary residence with an existing ADU in Contra Costa county. Are there any loan programs that will allow me to count the ADU rent as income to help me qualify for the home loan? Or are th...
Account Closed
Counting principal as a rental expense to estimate cash flow
Hi, I'm really interested in learning to analyze deals/properties for future investments. I've noticed in pretty much every analysis in videos and blogs, the person will deduct the entire mortgage payment (interest + ...
Corey Julian
What is the average loan count one should take on?
I am looking at purchasing my very first duplex(es) with in 90 days with a lofty goal of acquiring 20 units per year over the next five years and will re-evaluate after that. My wife and I are professional nurses and ...
Jeff Lee
Thoughts on tenant using offspring's SSI to count towards 3x
Potential applicant wants to use the SSI of his/her offsprings to count towards the 3x rent/income requirement.Thoughts?
Lisa Martin
Accessory unit rent not counted as income. What? What? What?
We have been careful to document and report all rental income to the IRS from our accessory unit attached to personal residence for the past 4 years.In our current application for investment loans our lender is tellin...
Karthik Arun
Please advise - Confused with listing misinterpreting SQFT or Bedroom Counts
Hello Everyone, I was looking to invest on my first out of state investment in Ohio and I was very surprised to see many listings showing totally different things, not sure what to trust
For example, one of the SFH p...
Jon Martin
Does Cost Analysis, Bookeeping, Budgeting etc Count as Material Participation?
Next week I am planning to do some extensive year end cost analysis on my expenses so I can figure out how much is going towards cleaners, toilet paper, coffee, misc expenses etc. Can I count those hours as Material P...
Joe S.
Don’t count your chickens before they hatch… I mean Houses
The old saying is don’t count your chickens before they hatch. About 3 weeks ago I got four contracts to purchase houses in about a five day time span. I know that’s small fry for some people, but that was the whole h...
Account Closed
Scottsdale Flipper Found Guilty on Three Counts of Tax Evasion
At Trial, held Sept 2022, it was determined that he was guilty of Tax Evasion
According to the report, for the Tax Years 2014, 2015, 2016 he
Failed to accurately report his income between calendar years 2014...
Orren Prunty
Accessory dwelling unit zoned R2 - Will FHA count the rent
Hello All,My Washington DC experts I need your help. I am in the process of purchasing a semi-detached row home, zoned R2. There is an accessory dwelling unit, which I intend to rent out. I spoke with DCRA and have re...