Aram V.
How do ”shared loans" effect debt-to-income ratio?
My wife and I share a mortgage for our primary home. We both pay half . How does our shared mortgage effect my individual debt-to-income ratio? Do lenders take into account that I'm paying half of the loan amount?
Cameron Foster
How much do I charge for a deposit to hold?
Hello All,I am currently in the process of renting out my unit in Derry, New Hampshire for the first time and noticed in The Book on Managing Rental Properties that it recommends taking a deposit to hold the unit afte...
Account Closed
My first long term flip/investment - advice wanted
I purchased a multi-family in a rougher area of Boston when I was 25. It was in very bad shape. I am very handy and did a long term sweat equity renovation. My tenants love me, but I am sick of the area and burnt out....
Mallory Thompson
Transferring Rent for Section 8 Property
I'm in the process of closing on a section 8 duplex. I've started the process of gathering the paperwork for the local housing authority to have rent payments redirected from the seller to me, but it takes time. We cl...
Joshua D.
Live in multifamily taxes???
Ok so I live in a duplex, and rent out the other half.
1. My CPA is telling me we will deduct 50% of the shared expenses on the building the rest is considered my housing costs.
2. I was reading somewhe...
Michael Plaks
No, partners cannot be compensated with a W2 salary
After answering this Q for the 100th client, I decided to make the answer public. The situation: You are one of the two partners, and you work pretty much full-time as the project manager for the company. Your partner...
Dharini Sukumaran
Advice on Openlistings service
I am a first time home buyer in the bay area and I just read about using openlistings.com to represent the buying agent. I need some feedback from people that worked with Openlistings for buying properties. They are b...
Billy Guyette
Equity Structure??? Does this sound fair??
I'm working with an investor who has a fairly large amount of capitol to invest, and/or access to it. There are a few deals in my area that I would like to pursue, but don't feel like I should devote my time and reso...
Paul Sandhu
How many propane tanks/gas grills do you have?
I'm going to be busier than a rooster in a henhouse in a few weeks with the amount of people coming to this town. Thought it would be a good idea to pick up every propane tank for a grill and have it refilled. There...
Tim Ingram
Working for the experience
Hello all, I want to know what it takes on a day to day basis becoming a real estate investor. I would like to tag along ask questions, help fix little problems and deal with the daily interactions with managers, tena...