Account Closed
Breaking Down How Much Money You Need to Invest in Real Estate
Residential real estate investing has the potential to be very profitable. But how much do you need to invest in real estate and generate steady passive income?
Unfortunately, the perceived excessive costs involved ...
Julie Toh
Investment strategy for Canada’s wealthy
This is an article from the Canadian Real Estate Magazine.High-net worth Canadians may have cash in the bank but they still want a mortgage. A survey by IGM Financial’s Investors Group shows that individuals with at l...
Ron Singh
tax deductible limit on rental properties
are there any max limit on mortgage interest, property tax etc, which would stop you from getting tax deductions on rental properties you own ?in other words say you own in your name (not llc):primary residence : mo...
Eric Dyson
Financing and Scale Up
New to real estate investing and trying to learn as much as I can before taking the plunge to purchase our first property. My wife and I are also trying to figure out if I qualify for PSLF loan forgiveness for scho...
John Gavin
2 owner LLC - breaking it into 2 distinct LLC’s
A friend and I have an LLC that owns multiple properties and for several reasons we would like to split the LLC into 2 LLC’s and each own one. We would like to split the homes and both have separate LLC’s moving forwa...
Cole Baker
What is DSCR at Purchase?
I am confused with what "DSCR at purchase" is. Does this not include the construction loan ?
For example, when the DSCR is 3.00x and the Loan to Purchase is 68% , does this mean that NOI is 3.00 x the debt from a lo...
Danny Shore
mortgage tax
I am looking at a Mortgage document in NYC's ACRIS system and noticed that NYS taxes the mortgage amount. This is what it states:
Taxes
County (basic): $xxxxx
City (additional): $xxxxx
Spec (additional): $xxxxx
TASF...
N/A N/A
hows this form ?
I took r2d246's letter of intest post and used it to create my own letter of intent. pretty simple, just to make an offer on a property. does that work and will it CYA in case you cant find a buyer?
LETTER OF INTENT ...
David MacCready
Looking to invest
hey everyone my names Dave I have a degree in architecture contractors license state certified in mold, lead, asbestos been in construction for 23yr. Now I wanna flip I'm looking for investors or partners any and all ...
Jonathan C.
FHA 90 Day Flip- From Date of Settlement or Date Deed Recorded?
Hi- apologies if this has been asked before, but is FHA 90 day rule from the date the property was purchased (settlement date as shown on HUD), or the date the deed was recorded?
Thanks, Jon