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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...
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Hi,
I have a SFH that I rented to a couple last year. I received a phone call from the gentleman to let me know that they have broken up. They were qualified together using both incomes.
I asked him who was going ...
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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...
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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...
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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 ...
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Hi there!I have two multi-family rental properties and have come across this situation a couple times and have never found a solid answer to. Can anyone provide their insight?Situation: I own rental property in Califo...
What would you do?
35m/28f couple. Household income $275k/yr
-TSP #1: $205,000.
-TSP #2: $76,000
-Brokerage and Savings: $40,000
-long-term rental property, VA loan, cash flows $200/mo. est. $100k in equity. B...
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Hey BP,I have been making tons of phone calls with local banks, over 15 now and have yet to run into someone that is lending non-conventional residential non-owner occupied "portfolio loans". I did run into a guy tha...
I have a client where he is co-owner of a home in Arizona with his ex-girlfriend. They have split, and he want to resume payments on the house. Ex-gf is living there and has not kept up with payments. House is goi...
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hey BP, I have a quick question. I have a tenant that just started renting this month. everything been fine so far she even paid today. two days before the first. Now she wants to pay a couple months in advance. shoul...