Hello. I am a non U.S resident investor trying to start my own Real Estate Business in the U.S. Has anyone done this or has any clues or advice to start? Legal, financial and tax wise. Thank you very much
I am trying to determine how much mortgage I can afford on a buy and hold property investment. I have a mortgage on my primary residence. My current overall DTI is OK (below 36%) but my front-end (house expense rati...
Hi all, I read an article awhile back, I can't find it anymore but the gist of it was that anyone living part time and working remotely in a second/vacation home in NY state would be liable to pay NY state income taxe...
Hi All,My understanding is that the value of multifamily depends on the NOI of the property. This means to BRRRR Multi-family, you have to renovate the building and raise the rent of the units to market rate to get yo...
Question on section 121 exclusion for cap gains, specifically the timing of needing to live in the property for 2 of the last 5 years. Does anyone know off-hand if that is for the calendar year or exact dates? Assumin...
Hello,My employer is in CA and I worked remotely from NJ in 2020 , I also own a multifamily in NJ and earned rental income in NJ. Do I owe taxes in both states even though I did not live in CA?Thanks
This has probably been asked a lot, but I searched and could not find the answer. We have been in our current primary residence for nine years now and have an FHA loan. We are looking into a 4-unit rental property. ...
If you own a 2-flat with an additional non-conforming garden unit (basement) being rented, and you're considering a cash-out refinance, how will the lender evaluate the rental income? Specifically:
Will the lender on...
Hi BP!I am on the hunt for my 1st buy and hold...I have been in touch with a few realtors and they suggest a pre-approval from a lender while we concurrently search..I did go through the conventional loan process for ...
Hi everyone, I’d like to run a question by our community:I purchased a home 2 years ago with a FHA loan. About 15 months later, we bought another home with a primary mortgage and moved to that new home. The first hous...