Abraham Hodroj
My Listsource list shrinks from 8k to 10 after choosing Absentee Owner?
I'm trying to generate a list for Orange County, When choosing No preference on "owner occupied status" i get 8,471 count, when choosing absentee owned it shrinks to 10. Is this something with how California furnishes...
Ben Schembri
2 names on 1 title: issues with qualifying for new property
My brother and I hold title to our house as joint tenants (joint tenancy). I am now trying to qualify for a rental duplex to purchase by myself.
The problem is the loan officer told me that he has t...
Matthew Delaney
HELOC + DTI dilemma
Hi BP, Does anyone know how Underwriting views rental income when applying for a Heloc? I have been denied a Heloc by both a big box and a local community bank based on not meeting the DTI requirement. Thanks, Matt
Cristi Lucas
Philadelphia Eviction process
Hello everyone,
I️ have a question regarding the eviction process in Philadelphia, PA. Does anyone know if on our 10 or 15 day notice we are allowed to count weekends? And will the courts in Philly accept a certi...
Ricky Stafford
Finding financing with only income from Airbnb
Has anyone been successful finding conventional financing with only Airbnb income on your tax returns?I currently have two rentals and am looking to expand. I quit my job a long time ago and don't really want to have ...
Kenneth Cowan
Getting second mortgage on new residence
What does the process look like to get a second mortgage?
I bought a condo in a 3-flat in Chicago in Dec '14. I've been fixing it up for 6+ months and plan on finishing all renovations in another 18 months. The plan...
Seattle Matt
Capital Gains Taxes Above 250k
So I'm about to sell my primary residence, if the profit is roughly 450,000, and I am eligible for $250,000 capital gains exemption, it means that I will be paying capital gains on the remaining $200,000.My question i...
Manuel Sarabia
Do you track sales by the date they are sold?
I had two flips close in the first week of January. I purchased and rehabbed them in the last six months of 2015.
Derrick Dill
Using future rental income to finance Duplex
I'm a first-time home buyer from Southern California interested in buying a duplex. I'm a registered nurse a year fresh out of college and I want to buy a duplex with intent living in one and renting out the other. I ...
Daniil Kharlashko
Single Member LLC Capital Contributions
I have a Single Member LLC where i have gave an initial capital. I do cash based accounting.My question is since the initial capital doesn't count as income correct? then when i transferred a portion of the initial ca...