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Originally we managed our properties ourselves and used Buildium. In the last year we started using property management for new acquisitions. The PM provides monthly statements on income/expenses and there is an ACH...
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we paid cash for a multifamily property. When creating a monthly profit and loss statement do you include property acquisition as an expense? Or do you just include it in the balance sheet and don't really count it as...
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I can't get a straight answer from my tax advisors-At what amount, $ wise, do you have to amortize vrs expense it out as a same year deduction?I have been using a $600 limit for expensing, anything over that gets lon...
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So I have a seller who wants to know the answers to all these questions?
1) If you are not going to buy the house with your own cash why am I signing a contract with you?
2) I need to let my attorney review this con...
Want to scale your real estate portfolio faster? These investment property loans can help. Most real estate investors get stuck early on in their journey. They buy some properties and build up some comfortable cash fl...
I have a Short sale under contract for about a week that I'm going to flip. I'm financing this flip so as an investor I have to put down 20% of the purchase price to get the conventional mortgage. Which I am pre app...
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I got this application. I can’t imagine an adoption subsidy that is $10k per month. Can I ask for proof? A few other red flags but this is the main one. It puts this applicant at 6.7x rent. Rent is $2150.
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Hi all, I have some questions regarding applying for conventional financing for an investment property.Is it common to be asked for all bank account statements, other investment accounts, and retirement accounts? Are ...
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Hello all! I am looking for a recommendation for one provider who can do BOTH residential and Multifamily HELOC - bank statement loan preferred. I, and both properties, are located in AZ. Looking for the unicorn of lo...
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When doing due diligence on multi family properties, if the current owner does not have a rent roll or formal T12 or P&L how can I verify the income of the property? Is it acceptable to ask for bank statements or...