I searched for answers to this topic but couldn't get any information. My question is simply if i own 5 rental properties and they each are cash flow positive. How can i get a 6th one? My dti will be reaching 50%. I...
I'm a US citizen living in Germany, where I am buying rental property. The law here is that if the property is sold after >10 years' ownership, there is no tax on the capital gains. However, I would have to declare...
Hello all -I’m about to purchase some land to build a house on. The seller has accepted my offer but is waiting on me to sign off on some stipulations. One of those involves a 1030 exchange. Can someone help me wit...
Greetings.
I am looking for a couple of tax professionals to answer a few questions about real estate tax due diligence. If you are available, please let me know how to contact you.
Much obliged.
-Justin
Interested in an up coming Sheriff Tax Lien Sale. The Starting bid is $2000. The total amount owed in taxes is $49,678.73. Should I bid on this property, would I be obligated to pay the remaining tax balance? Will the...
Hello and thank you for taking a moment to read my posting,My name is Tony, I'm 28, married, have two kids, live in charlotte, NC, and like many have a desire to achieve success in life. In the middle of 2017 I left t...
I have a client that would like to invest in one of our commercial multifamily properties. We have an in-house 501c3 nonprofit. What we want to do is route her investment through the nonprofit and into the commercia...
I understand that for a Fannie Mae conventional loan, if you don't have tax returns for a rental, most lenders will count 75% of your rent as income and the full PITI as your debt. The part where I'm not clear on is ...
My lender would not let me cancel my impound account until my LTV is 80% or less. Their LTV is based on the appraisal from 1.5 years ago (much lower value) rather than current FMV and they wouldn't revalue the propert...