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I would like to know how lenders typically view rental income when applying for further loans/mortgages. Do they view this income as part of your gross monthly/yearly?I myself have a W2 job and make an about an averag...
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The State of Illinois recently passed a statute into law that allows regulators to examine and publicly report on delinquency rates, as well as take action against lenders whose rates are too high. While the statute s...
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Whether you are a real estate professional, investor or hobbyist, the value of a good lender can not be overstated. I've been in or around real estate since 2004, when I began as so many other naive, greedy and short ...
Hi all!
My father and I started a rental business beginning a couple years ago. He lives in another city and wanted to invest where I am currently living. As a result, I manage all the finances and properties. We hav...
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I'm a new real estate investor, and I found some basic tax tips, which I want to follow:
1. Depreciation - a non-cash deduction that allows me to deduct a portion of the cost of properties over their lifetime.
2. I ...
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Hi Guys,
If we received 36 k as a rent on a house located in California . Mortgage was 24k. The repairs were minor, so it’s negligible. How much would our state taxes be? (My husband keeps waiting for the bill from...
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How do I start looking for mortgage notes? I have heard about going to the local court house but, where do I look? Also are investors more interested in buying 1st mortgages then 2nd mortgages? I would love to get...
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Hello -- We're interested in multi-family (commercial). Is there any mortgage broker you could recommend for a MF newbie?Looking for investment opportunities, somewhere between 1.0 - 2.9M.Thank you.
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Before I write a more detailed post on this individual, I wanted to get some info from the experienced guys here.Up until now, I have been doing my own taxes. I figured, why not hire a CPA and outsource some of that t...
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I’ve been wondering this for a while successful real estate Investors that have that say 50+ properties how do they have 50 loans they probably can’t refinance that many times so I was told that an LLC helps how does ...