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...
Hi all,
I really appreciate these forums and all the knowledge and experience that this amazing community has. Thanks to BiggerPockets and everyone!
I wanted to see your thoughts on the below scenario:
I curren...
Hey all, I've been going out to a local REI meeting and the sponsor included a little insert about earning $$$ if you take title on a property and qualify for a private money loan (presumably backed by this same spons...
Hey all,I was curious about tax implications regarding the condo I live in (primary residence since 2007) that I co-own with my parents (1031 exchange). They had a prior property that they 1031ed into this condo (and ...
I sold the house I had been living in and used the money to purchase a house in Colorado that I intended to move into. I didn't move in but decided to rent it while I lived in rental property in another state. It's n...
Goal: purchase 35+ acre's with existing home, ag status as new primary residence for family of 5. Zoned for second home build on property. Mobile Tiny home/Airstream to be placed. Projected purchase: $1,100,000, 10% d...
I am in process of selling my primary residence. With the change in the market it has been a much slower process. An opportunity has presented itself that’s a different approach, in which I would need to do a seller ...
I am a new to the forum and had a Real Estate / Tax Question.I recently received an offer to buy out my 19% position in a commercial office building. I wanted to use at least part of the money to pay off my HELOC for...
Hypothesis:Party 1 owns an investment property and would like to sell and purchase a like-kind property. Party 2 also owns an investment property and would like to purchase a like-kind property. Both parties would lik...
Hi Everybody,I’m a new investor who purchased his first single family home in June 2021. I purchased it with my twin brother and we are looking to get another home in the next 6-12 months in the Sacramento market. We ...