Joshua Hollandsworth
Can I count income from my boarding house for my next purchase?
I own a boarding house. Can I generally count this (taxed) income for my next investment property without 2 years landlording experience?
Will some lenders count 75% of the rental income on the new property, even If...
Ryan Metcalf
Does the depreciation year still count is you didn't get to claim
I didn't get to claim the depreciation on a rental property on my 2016 tax return because my adjusted income was too high. I have the property in an LLC but it still shows up on my personal return. My question is, d...
Evan Rochford
Does an appraiser count a detached guest house as part of value?
Converting a 2 car detached garage into a guest house. After it is done is it possible to get a cash out refinance for the added value to use the money towards another project? Will the appraiser count any of the rem...
Account Closed
Zillow just SOLD 2,000 Houses and I can't Count that high, Yikes!
If you are trying to dump 18,000 houses, I guess you start with 2,000 going to a New York City-based investment firm called Pretium Partners. "In the transaction with Pretium, Zillow received market price for the prop...
Todd Powell
Tis the season to count your Blessings BP! Greatest assets is Fam
I am sitting reflecting on my last year in 2019 with RE! I sold a 5 plex and invested into a RE opportunity zone in Atlanta, Ga via Crowdstreet. I did 5 flips. I managed 16 doors and passively own 72 doors in a partne...
Reid Hanley
When does the 4 Year count on a Tax Deed Title start?
We are purchasing a property via a quit claim deed that was acquired by the seller via a tax deed. The tax deed was issued in December 2017. We want to attain insurable title to the property and due to prior deed erro...
Navin Francis
Do all lenders count a basement living space as a 5th unit?
I am looking at a 4 + 1 unit in the basement property in Steger, IL. Trying to get lender to approve this as a 4 unit to take advantage of the conventional residential loan, however the lender counts the basement as a...
Mike Day
How do lenders count rent from your other properties when buying another?
Have never been quite sure how this works and it's relevant for a current project. Can someone provide a definitive answer as to how lenders count the income from your existing properties when you purchase a new one? ...
Mike H.
Split SFR with door+deadbolt: Counts as Unit? Or Rooms in House?
Hello,I am looking to buy a SFR and live in part of it (owner occupied).I found a place where I could add a door + deadbolt inside, and split the SFR in two. One won't have a kitchen. If I rent this half, is it consid...
Kyle Seidel
Why doesn’t short term rental income count as income in DTI ratio
I want to get a short term vaca rental in Nashville but I just ran into a roadblock. My lender said that they can’t qualify short term rental income as income since it’s not guaranteed. It seems silly to me that they ...