Ok, so I have 4 properties to my name. I think I am figuring my DTI correctly, but am not 100% confident. My wife and I just moved to a new area and are planning to purchase a new house in the area, have one already u...
While trying to buy my first investment property (175K), i am being told by mortgage brokers that I can't get a loan. The primary reasons being given are:
1. I don't have 2-yrs worth of self-employment hist...
Hello All,I have been running into problems lately with potential buyer's questioning my ability to sell a property I don't own. I try to graciously tell the buyer that I control the property on paper and a professio...
I have ~$70K dollars in equity on house 'A'. I would like to purchase a second property (call it 'property B') and then move into it. The median home value in Utah -where I live- is $345K. If I rent upstairs and down...
I’m trying to understand the basics of 1031 Exchange.Q: 1. The benefit is that while capital gain taxation is deferred it temporarily frees more money (profits/equity) for re-investing is this the point? 2. Does 103...
I've got a house (which will be my primary) and 40 acres under contract that I plan to convert into a campground (same idea as KOA). I'm in the process of trying to rezone (residential to commercial) during my due dil...
Wondering how many will be taking advantage of the new safe harbor rule? Accountant says need to be in a trade or business and pay SE tax. What is your take?
I was looking at comps around my primary residence and noticed the sale price on zillow was actually my total amount financed (sale price plus closing costs). I saw one house a few doors down that sold for quite a bit...
Newbie question.So I have a family friend who is selling off about 5 of his rentals. I am going to get an FHA loan for my primary residence. But, I want to take this opportunity to buy at least 2 more. My question is,...