Charles Stubblebine
Due Diligence for a 4 unit property
If I am buying a 4 unit property and each unit is currently rented out what do I need to ask for to prove the income is what is being advertised? What else should I be asking for? Also, do the current tenants contract...
Mindi B.
No doc loans still available?
I would like to purchase an owner-occupied property in the near future. Problem is I am self-employed and I don't pay myself a very high salary. I keep the majority of my profit within the business to keep income tax ...
Cory J Thornton
What are the potential effects of "Phantom Debt?"
As a real estate investor I am always curious about lending trends/debt trends in different sectors. Lenders and economists alike are speculating about the threats of "phantom debt." This debt type would throw econom...
Peter Comb
Checking a small local bank for stability
I am looking to take out some conventional loans with a small local bank. Any ideas how to do some due diligence on them?thanks
Greg Wetzel
Any PMs making mortgage payments as part of service for owners?
Hi All,I'm sorry if this has been posted before, but I'm just not having a lot of luck finding the answer I'm looking for. My company has been managing its own portfolio of properties for about 60 years and just in th...
Jonathan Small
How to account income from multiple properties on a single 1099
Scenario: I have 3 properties managed by on property manager. I receive one 1099 for all properties at the end of the year. I am using a CPA to do my taxes. How should the tax return capture each property separate...
Mary Jay
Buying a property with tenants
Hey guys,so I am buying a property that has tenants in it.What do you do when you buys a property that has tenants in it?Do you make them sign your lease? Do you make them sign (epostile/epostilary) forgot the name of...
Rogelio Andres Jimenez
BTR Cash-Out Strategy
Hello!What are the key factors to consider when deciding on the most suitable loan type to cash-out refinance a newly completed house? Would a DSCR Loan, Conventional Loan, or Bank Statement Loan be the best choice to...
Todd Moriarty
If I buy an apartment building, who keeps the cash reserves?
I'm looking at different buildings right now and was told by a reliable source that, if I buy the building, I get the owner's cash reserves. That doesn't sound right to me. I know I get the tenant's security deposit...
Tyson Boyd
Lienholder is MIA
I am looking for some advice on behalf of my Father who owner financed some acreage an hour North of Dallas, Tx. My Father and I both purchased land from the same developer, I used a land bank for the mortgage, my Fat...