Sterling Britt
Rent to Income ratio?
Is there a number you guys use for monthly rent to income ratio when evaluating prospective tenants? I was told gross income should be 2.7 times monthly rent.
Account Closed
Tips on funding my next deal
Hello BP, I just used my VA loan to purchase a property and I am looking for another property soon for an investment. I have explored the BRRRR method and using hard money for flips, but what are some low money down o...
Chris Montgomery
March 31 2021 Extension for Opportunity Zone Investment
Investors seeking to leverage Opportunity Zone incentives have until March 31, 2021, to place capital gains realized, in some cases, as far back as January 1, 2019. The Opportunity Zone program allows for investments ...
David Horowitz
FHA Loan for Mixed 4 Unit Residential 1 Unit Commercial Property
Hi Everyone!I've been doing some research, and landed on a question that I don't know the answer to. It is clear that an FHA 203(k) loan can be used to purchase a mixed use property under the following conditions:1. N...
Mindy Jensen
How does divorce affect cap gains on primary homes owned -2 years
A friend just told me he is getting a divorce, and they have owned their home for less than 2 years. (February 2016 purchase date.)How does divorce affect Capital Gains on this purchase? After one year, it's long term...
Kyle Stanley
Refusing Section 8 in Charleston SC
I have a rental in North Charleston, SC which is soon to have renovations complete and about to listed for rent. Can anyone tell me that has invested in Charleston, SC if it violates our local laws by refusing to rent...
Paolo F.
Standard deduction for Non Resident Aliens
With the new tax reform, Personal Exemption was eliminated. Can we Non Resident Aliens use Standard Deduction now, as it is the only one left and in theory it should group the old Personal Exemption?
Matt Pine
Question on FHA Eligibility
My understanding is that an FHA loan is really only available for "First Time" homebuyers. But I'm hoping the BP comm can provide some clarity for me on the possible situation below:
If we purchase an investment pr...
Edita D.
Standard meal allowance deduction.
Hey guys!
For meal expenses while traveling overnight for a rental activity, one can use either an actual expense method for meals or standard meal allowance (utulizing per diem rates. See here http://www.irs.gov/pub/...
Elizabeth O.
Conventional guidelines regarding minimum property standards for small multifamily
A little background: I have four traditional loans right now and have found a lender that will go up to 10.
I walked through a Fourplex today that I would like to get a traditional mortgage on.
Two of the units ha...