Cole Baker
What is DSCR at Purchase?
I am confused with what "DSCR at purchase" is. Does this not include the construction loan ?
For example, when the DSCR is 3.00x and the Loan to Purchase is 68% , does this mean that NOI is 3.00 x the debt from a lo...
N/A N/A
Is this a capital gain?
I'm involved in an assignment or a double closing. Party A is selling her home ( personal not eligible for 1031 I dont think) for 375,000 to party B, then B will sell it or assign it to Party C for a FEE of $50,000.
...
Alan Crookham
Do we lose 50% of earnings in fees for flipping?
Is this math right? I have been in rentals for a few years now, just two properties, and am looking to move into house flipping later this year when things calm down more. I’m looking at these numbers though, and do c...
Bo S.
Buying Condo in Seattle - First Home questions
Yay! My offer was accepted on a condo in Seattle. Now comes the not so fun part of dealing with the loan, closing costs, and being in debt for most of my adult life. I'm doing 5% down conventional loan ($310k sales pr...
Mathew Zorn
Owning a rental and tax write offs
This last November marks one year of being a land lord. What I need help with is what can I write off for my taxes outside of the normal office space write off, portion of the utilities, gas mileage, computer write of...
Shane Griffin
1031 exchange or take the capital gains
First, allow me to introduce myself. My name is Shane Griffin and I am an investor currently living in Bryan, Texas. I have one rental property (which I will discuss below) and I am currently living in a fix and flip ...
Jack B.
Exit strategy transaction costs: Expensive vs. Cheap areas.
If I sell just one of my properties in King County, WA, such as my latest house, I'm paying 42K just in realtors costs not to mention excise tax, which would bump it up to 56K. Again, that's just ONE house, and sellin...
MaryAnn Houghton
Title Co didn't pay the taxes paid at settlement
We purchased a rental Nov 28, 2012 for cash. At the time of closing, we paid the winter taxes and our portion of the summer taxes on the property.
I was on the city assessor's website today to confirm what taxes wer...
Lukas Vanagaitis
How to transfer money from EU to US
My parents are not a US citizens and live in EU. They just sold one property in EU and now I want to use that money to invest here in US. How to transfer little less than $100k from European bank to US bank without be...
Ned Carey
Tax Liens are not always as they appear.
Just got a tax lien redemption check from Baltimore City Today. City records show that this was redeemed back in April. It took 3 months to get us our money back from the city!
So what does that do to the interest r...