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I add Form 1084 with my presentation packet, (W-2, Proposal for Finance, etcetera) when asking for a loan. The commercial loan officers say they have never seen this included. Due to the addition of this form, they...
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Investment Info:
Large multi-family (5+ units) commercial investment investment in Kansas City.
Purchase price: $755,000
David and Alice Smart's Historic "Additions" is two buildings totaling 28 rooms in...
I am an investor in a single rental property which I just sold. I'll file IRS Form 8949 and Schedule D (with unrecaptured depreciation on line 19). Is Form 4797 also required even though real estate is not my trad...
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Are there any concrete calculations that can help determine when is the right time to cash out of a low interest rate loan to utilize equity?
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Does anyone know if these rules are still applicable today? My understanding was that in any given situation, you could not work full-time in order to qualify as a Real Estate Professional. For instance, if someone wo...
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I’ve heard about ‘gap funding’ for fix & flips to cover down/closing/holding costs in addition to the hard money loan for most of the purchase price & rehab, but how realistic is it to secure that type of fund...
I have a deal that would make a great BRRRR. $60,000 asking price, $90,000 rehab, $200,000 ARV. Cashflow positive $300 a month using the 50% rule financing 75% LTV when done. Obviously I’ll dig deeper into the expense...
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My spouse and I are ready to start RE wholesaling for a career change. I previously held a RE license. I have read so much regarding what should come first. Many say build your buyers list. Others say, don't worry ...
I have two tenants that are pretty good tenants but don’t have a lot of money. The end of the lease is coming in a few months and they keep asking to keep the rent the same price because they can’t afford much higher ...
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Hi BP Community,I am new to REI and currently have 1 STR.A friend of mine started flipping houses a couple years ago with 2 friends of his through a company they started (which, after speaking with him got me interest...