I talked to my bank about refinancing a property I have owned outright for 10 years and they want the following. I think this is a paper storm that won't do anything other than burn my time. They have all my info as t...
Has anyone been successful finding conventional financing with only Airbnb income on your tax returns?I currently have two rentals and am looking to expand. I quit my job a long time ago and don't really want to have ...
We are under contract on our 4th small(ish) apartment building. Our total doors after closing will be 50. I’m trying to learn more advanced tax strategies and this one is something I don’t quite get. This building ...
Someone gave me some advice that sounded too good to be true so I want to verify. If I own a home for 27.5 years and have taken the depreciation expense every year, then I sell the house (for easy numbers let's just s...
I have decided to move on from the family accountant who has little background in real estate. I just purchased 12 units across 4 buildings, which brings my total portfolio to 14 units 5 buildings. I would classify ...
I have a fourplex and i manage myself.
I have spent (or reinvested, depending on which angle I want to see it) over $20K in 2017
I went to my CPA to ask her how much I would get back on taxes and CPA says probably...
Hi Guys, Im working on possible deal and the seller is willing to finance 85% of the price. His reason is that he doesn't want to pay income Tax or depreciation recovery. (Sold a business and have high income this yea...
I'm new to investing in multi family units and plan to make my first purchase in a few months. I know the Schedule E is what a landlord should be filing come tax season, and I know my lender will want to see the Sched...
Yesterday I was signing my closing papers for a refi on my primary and my mortgage broker mentioned that Fannie Mae has just changed their rules about 2 years minimum to count rental income. He said they are now coun...
Just as the subject says, the seller won't provide the Schedule E for a 3/1 SFH house I am considering as a B&H. The reason is that he is "behind on taxes" and I should just make an offer without it. I feel as tho...