Horacio Gutierrez
Using your rental income to apply for another loan
Hello,When it says you can use 75% of your rental income to report as income when applying for another home loan. Is 0.75 multiply against what is charged for rent for the month or is multiply to the cash flow I get ...
Stepha L Lockwood
Comparing rates/terms for HELOC on primary before applying
Hi all! I’m a total newbie here and in the process of researching HELOC terms/rates from different banks for a line on my primary residence. I hope this isn’t a dumb question, but when comparing rates and terms for ...
Richard H.
PA Landlording - Sign new lease? Old landlords lease apply?
Hi BPers,I have two questions related to a property I own in PA, which I'd really appreciate some input on:1) The tenant signed a lease with the prior owner (who I bought the place from). The lease expired 2 years ago...
John Krasner
WCAP, the method, and how it applies to REI
Looking for tips and ideas on how to flesh out the WCAP (wealth creation and preservation), principle. I understand this a very broad concept, but how can it best be applied to REI?
Khanh Tran
Apply refinance on multiple properties at the same time
Hi,I have applied HELOC for my primary residence. Should I wait for the HELOC application process to be completed before applying for refinance on my rental property? Or Is this OK to apply both HELOC for primary and ...
Maritsa Cortes
Should I apply for an FHA or FHA 203k?
I'm looking into FHA's and I came across an article on 203k's and how they help with repairs/updates. Does anyone know if it makes a differance to apply for one or the other when buying my first property? Thanks every...
Frankie Betancourt
How bad does applying for mortgage effect credit score
Hello yes how bad does applying for mortgages effect credit score because apparently i have applied for a loan on a house 6 months ago..and it fell trough and then my realtor wants me to apply with a diffrent lender s...
Marc D.
Do you apply for a refund of sales taxes?
I'm paying sales taxes for my supplies when I flip a house. The IRS considers my house as inventory since I am a dealer. If this is inventory, I shouldn't have to pay state sales taxes for the supplies -- but I don't ...
Roberto Vasquez
1031 Exchange Form; When and how to apply it?
When and how do you report a 1031 Exchange to the IRS? I am buying a property and I will flip it after is fixed. Any suggestions? Thanks.
Reagen Natho
Applying for Heloc Immediately After Closing on Investment Prop
I have been under contract a little over a year on an investment property that will be used as a vacation rental. The market I am buying in has appreciated significantly and I should have somewhere around $250k in equ...