Kareem Shihab
Mortgage Interest Deduction on Investment
Hi! I'm new here and I have a basic question. I own a Single Family home and deduct my mortgage interest. If I am buying an investment property am I also allowed to deduct my Mortgage interest? For investment propert...
N/A N/A
Any credit-building tips for Foreign Nationals?
I've recently moved to the US, and am having a hard time finding a lender that will lend to Foreign Nationals. I've found plenty of deals, but have no credit history (as opposed to credit score)
What's a fast-track a...
Greg Koszkul
How to screen college students for your apts
How do you guys go about renting to college students and ensuring you are finding tenants that will be respectful of the place (i.e. not trash it and throw parties?) Are there ways to know or screen for this when stud...
Aaron Morrow
Huge Covid19 Update for residential (King, Pierce, Snohomish)
Huge Covid-19 Update in regards to real estate business:
(Source is right form the North West Multiple Listing Service)
"Brokers must adhere to the “phase” protocols for the county where the property is located...
Seidy Lasker
Does vehicle title have to be in S-corps name to take Sec 179?
Does a vehicle title have to be in S-corps name to take sec 179? If the business usage is only 60%, are you only allowed 60% of Sec 179 or 100%? Are leased vehicles allowed sec 179? Can you take Sec 179 through a reim...
Mike Kalob
How many properties do you get COMMERCIAL Insurance?
Hi All,Thanks for all the tips thus far... so I have 4 properties at the moment, all under my personal name; I read the LLC Vs Umbrella Insurance threads and decided to get $1mm Umbrella under my name, with each unit ...
Charlie Yarbrough
Cash Out Refi on rental property in Charlotte NC
I have a rental in Charlotte NC I want to do a cash out refi on. I am looking for lenders who will do minimum 75% LTV, but 80% would be amazing! I have owned the property for 3+ years now. Quicken Loans gave me a 75% ...
Account Closed
$10,000 property tax deduction cap impact on house hacking
Hi!Just have a very quick question regarding the newly proposed $10,000 property & state income tax deduction cap. How would it affect the property tax deduction for house hacking (buying a multifamily and living ...
Ike Mouser
How does the 10 mortgage limit work?
I learned today that there is a 10 mortgage limit per person/llc. Do most of you use a 1031 in this case when you hit the limit? I would assume that if you have multi family apartments that the property would be con...
Stephen Grindle
Using a Self-Directed IRA to invest
Hey friends, I'm considering using a Self-Directed IRA to invest in a short-term vacation rental. So two questions: 1. Should I transition my current Traditional IRA to a Self-Directed ROTH IRA or keep it as a Self-Di...