Hello BP.
Question. Is it true that for the first year a seller doesn't have to pay taxes on a seller financing structured deal? How is it taxed in other years, as ordinary income tax? Also, what if the deal was...
Greetings all,I have been told by two lenders now that you can NOT use STR income from a primary residence to qualify for a loan. The income is documented on Schedule E. They WILL use the STR income from my non-primar...
Totally for fun post but also hope to inspire some people with the answers this post givesFor those of you have done big things in real estate and finally decided to treat yourself for your hard work. What did you buy...
Right now I drive a $30K car. I am thinking of trading it in for a $15K-20K car to put some cash in my pocket to start investing in real estate.
I am wondering what a lender would prefer to see on an application. So...
Lining up my first BRRRR in Maricopa, Arizona. I want to be sure everything is in place. Does anyone have a bank/lender in the Phoenix area they recommend I go through to complete the refinance?
Hey guys,I am turning over an apartment that previously had smokers in it so I want to get it deep cleaned. I called around to a few places and they don't see to wash walls/ceilings because it's an insurance risk?Can ...
If you want to purchase two or three 4-unit multifamilies as a package deal from a seller is it then recognized as a large multifamily purchase? Or is each property still recognized as their own individual small multi...
Anybody on here a contractor or know a contractor who installs hardiplank in the Chicago area? My team and I are getting bids for a project we are undertaking.
Thank you !
Please for give the newbie question, and if the answer has already been posted, please just reply with a link to that thread if you would, please.
I own a small business (LLC with 35 employees) currently, and it has...
Seems like appetite for those loans has disappeared with higher rates (higher risk). Anyone still loaning non-guarantor?