Devin Peterson
Need quick credit solution
Buyer is under contract to close on their primary residence by Jan 5th, They came to me with the issue of having an incorrectly reported derogatory payment issue on their credit.a credit card company incorrectly repor...
Samir Ariwala
UBIT and UDFI estimate
Hi Pros,I am planning to invest in RE Syndication through SD IRA and want to understand tax hit on return. I will be investing as limited partner in Syndication which will then hold multi-family or commercial real est...
Julio Gonzalez
Important Tax Update on Inflation Reduction Act and Real Estate!
Attention all Accountants and real estate investors!
The Inflation Reduction Act (IRA) of 2022 was signed into law on August 16, 2022 by President Biden.
It’s a $737 billion investment that according to two of the ...
Christopher Smith
New Tax Law: 20% of Qualifying Business Income Deduction
Has anyone found any authoritative sources that indicate the 20% QBI deduction under the new tax act applies specifically to rental real estate properties that are considered as Passive Activities under current law? T...
Mark S.
HomePath Loans
Do any lenders require less than 25% down on a fourplex? HomePath and HomePath renovation loans.
Grand Wally
Section 8 Property
Hello all...
I have my eyes on a Section 8 house that is described as: "Section 8 rented to tenant (just passed inspection) for $650 per month. Nice brick home. Perfect for an investor who wants to do nothing but co...
Julio Gonzalez
Does Your Property Qualify for a $2,000/unit Tax Credit?
If you are an owner, builder or developer of apartment buildings or residential homes, there is an opportunity to earn a tax credit of $2,000/unit or dwelling for energy efficiency. This credit is known as the 45L Tax...
Matt Smith
No NMLS lender ok?
I am buying a condo hotel. The loans are more difficult to get as expected but one lender and a good rate except one. However, they are a commercial lender apparently (not residential) and have no NMLS. Is it legit? A...
Ibrahim Hughes
FHFA Announces New Standard Short Sale Guidelines for Fannie Mae and Freddie Mac
I mistakenly created a topic last night about supposedly new guidelines for buyers who have a previous short sale on their credit. Turns out that those guidelines, as I suspected and as Steve Babiak pointed out are 2...
Kimberly Hawkins
FHA and multi family
Hi, I’m interested in buying multi family properties using an FHA loan to house hack. My question is, on FHA loans do all properties in the multi family need to meet the standard living requirement set forth by FHA? O...