Connor Smith
City Tax Assessment After Purchase
When buying a house for a price that is higher than the current assessed tax value would the city always raise the taxes up to match the new purchase price? I was wondering if this varies based on where you are buying...
Frank Schaefer
Finance example of 1031 echange
I've done a search on this and couldn't find the answer. Sorry if I'm covering old territory.
I understand the 1031 exchange pretty well. I have a very specific question.
Do I have to fund the downpayment of the pu...
Bradley Koerner
Chicago people, what's the rough cost of finishing an attic?
Space is about 800 square feet, duplex up from the second floor. It has already been dormered and ceilings/walls insulated. Two stair cases already in place. Would need to add a few walls to create 2 bedrooms and buil...
Jay Chung
Residential loan for a commercially zoned property but it is a home
Hi folks,I'm looking at a listing that I'm not able to disclose but I'm wondering if I can get a residential conventional 30yr fixed loan for this commercial property. The place is a 2 bed/2bath but it's zoned as comm...
Ryan F.
Question about DSCR loans and STR
If anyone has a strong understand of DSCR loans, I would greatly appreciate your input.- Say you're purchasing a house/condo with $3,500 PITI- Sellers have STR receipts going back 2 years, showing $40k per year in STR...
Julianne Kauffman
Multiple Applicants in Same Household
Hello! I have an applicant who submitted her application through Innago and she does not meet my credit score requirement of 600 (she's at 544). She will be living with her husband and grandson however so my question ...
Venkata Soma
Refi options to pursue for a BRRR deal
Hi Everyone,
I have currently acquired a property in Milwaukee, Wisconsin. I am planning to do a BRRR deal on this one. I have acquired the property through a short term loan with a ballon period of one year and at h...
Jerry Rodgers
Adult Care Living Facility Operating Costs?
I am currently rehabbing a 4400 square foot home/building that I will be selling as an ACLF. It is currently zoned to have six ACLF beds but am pretty sure I can get approval for 14 beds. During this rehab, I hav...
Michael Plaks
Lenders v. CPAs war: automobile depreciation
How you write off your auto expenses does matter for taxes. It also does matter for loan underwriting. Notoriously, lenders and CPAs do not understand each others' rules and are often locked in needless conflicts. Fre...
Jason Ligon
How should I structure my HUD bid for best chance of winning?
My wife and I are about to put a bid in on a HUD home. This will be a bid during the initial owner occupant 10 day period. We love the home and it's in a great area. HUD's as-is and list price is $114K for the prop...