Brian C.
Count Separated Husband's Income to Qualify Tenant?
I have an applicant who's debt to income ratio is a little higher than I'm comfortable with. She is separated from her husband and he gives her money for the kids but it's just a verbal agreement so I can't count the ...
Steve Legnaioli
Separating rental income to reduce Obamacare MAGI
I have a chance to rent out a large room for $2000 a month in my primary residence where I live (Key West prices). I am unemployed, my wife makes about $65,000 a year working, for our healthcare we are receiving Obama...
Darshil Parikh
Renting Back House and Front House Separately.
Hey BP friends - I have an interesting scenario. I own a property which consists of a front house - 2 beds/2 baths. It came with a detached studio (500 sq ft with a bathroom) - the studio has a separate entrance, pr...
Keith Miller
treating real estate purchase as separate property
I seem to recall on that for studying for the real estate exam (california) there was a term for a husband and wife treating a real estate (or real estate purchases in general) as separate property. Is there such a t...
Karen Polis
Is Transfer Tax separate from Bidding price?
Pretty sure it is - but want to be positive. Ex) If I bring $10,000 to an auction and my (winning) bid is $10,000, does that mean I need to come up with the additional transfer tax monies or does that get factored in ...
Michael N.
Financing 9 separate condos/townhouses in Charlotte
Hi all,
I've just had an offer accepted on 9 separate condos/townhouses in Charlotte NC.
Having a problem finding a reliable company that will offer a blanket mortgage on all of them. Average cost is around 70k/unit...
Jason Turo
Checking account - obviously separate personal from business
What are the risks / potential liabilities if we operated an LLC for rental properties but used a checking account strictly for business purposes in our personal names? We would obviously not use this account for any...
Nick Grewe
Should I separate the 2 unit utilities?
Should I separate the water and electrical meters that are shared between 2 units? I feel like in the long run it would be beneficial because I wouldnt have to worry about paying the utilities and I could lower the li...
Jon Michael Patterson
Chicago condo meeting two separate life goals
Investment Info:
Condo buy & hold investment in Chicago.
Purchase price: $167,500
Cash invested: $33,500
Purchased a condo in desirable Chicago neighborhood in which I lived in for one year prior...
Michael G.
Separate Heating Systems - Everything Seems Right But.....
Recently purchased a property (2-family) with separate utilities. Here are the facts:1. Two new gas fired steam boilers (one for each unit)2. During the home inspection the thermostats in each unit was increased dras...