Jinyu D.
conventional mortgage limits for married couple in NC
I'm doing a cash out refinance on a primary residential which we'll turn into a rental soon. As I heard the mortgage limits is 4 per person, I try to finance it under my name only so that we can get up to 8 loans. My ...
Chris Ivy
Colorado tax filing for married couple on rental property
I live in Colorado and my wife and I bought our first rental in October of 2019. We're co owners on the title. I just met with our tax preparer who said that since we are 50/50 on the title, we will need to prepare a...
Mike Conner
Newly married couple looking to get started in Philadelphia
Hello,My wife (25) and I (29) have been living in the Philadelphia area for a few years now and we are interested in purchasing our first property. Our current home is a tiny apartment in Cedar Park. Fortunately, th...
Kevin Hughes
Young, married couple looking to learn about rental properties
I am an elementary school teacher in Chicago. My wife works for a large art museum. We are looking to learn about and purchase rental properties as a way to make money. For some people on BP, the end goal is to quit t...
Joel Griffiths
Can I have different requirements for married/unmarried couples?
I have an unmarried couple wishing to rent a place I have in Missouri. I have asked for 3x income from each of them. With a married couple I would only ask for 3x income in total. Is this a legal request?BACKGROUND: I...
Andreas Galliker
FHA Loans for married couple with different last names
Hi there,I've heard in the past that if you are married but your spouse doesn't have the same last name you could actually get up to 10 FHA loans (5 each). However, there is also a lot of commentary out there that sta...
Youngwoon Han
Purchasing a 2nd property question as a married couple
Hi Bigger Pocket community,Assuming I should consult a tax/mortgage professional, I'd like to ask y'all for knowledge a guidance here. About me: I own a 2-unit house that I have been house hacking. I have a convention...
Jessica F.
Cost for Additional Tenants or Renting to Married Couples
What is the standard approach when renting to an unmarried vs married couple? My thought was that if it's an unmarried couple, they must individually qualify to be a tenant or else their name cannot go on the lease as...
Eric Williams
Disregarded Entity Qualification: Married Couple in Community Property State
Rev. Proc. 2002-69I found this guidance and thought I would provide a summary:It was issued to remove uncertainty surrounding treatment of an entity owned solely by a husband and wife in a community property state.Ess...
Ryan Evans
How to structure a partnership with other married couples?
I grew up in Washington State and would love to build a dream cabin in the next couple years out in the mountains. The problem is that what I'm looking for would require a pretty big mortgage. Two of my absolute best ...