Aaron Duthie
Selling 1 Unit of a Full Duplex - Tax Implications?
Scenario: I have house hacked a Full Duplex for 2 years (lived in unit A, rented out unit B). The Full Duplex has two tax IDs, one for each unit, so I can sell each unit separately. Let's say I now sell the rental uni...
Lynn McGeein
Did FNMA cash-out refinance just open up for 5-10?
Reading through FNMA rules for cash-out refinance, and don't see the rule anymore where you have to use delayed financing rule only for 5-10 (which we don't meet)? It looks like we can now get a cash-out refinance on...
Pamela Garrett
Selling Primary Residence "2 of 5" Rule Does Not Meet Criteria
Hello, I am seeking options regarding a Primary Residence that does not meet the "2 out of 5 year" criteria. My clients sold a home that they lived in for over 2 years and bought another Primary Residence in another s...
Kaity Pari
Investment property and $10,000 cap on state/local tax deductions
I live in California. I have a primary residence where I am paying $8000/year in property tax.I have 2 rental properties, for each of them I am paying $6000 in property tax. Total $12,000.As per the new guidelines, $1...
Phil Mcnally
Landlord Application for Rental Assistance? (Not Tenant)
I am trying to work out if there is any Rental Assistance program that the Landlord can apply for that does not involve the tenant. EG Tenant did not pay for six months then disappeared leaving a $5k make ready.I have...
Tom Server
owner occupied or non owner occupied
I'm purchasing a triplex which currently has tenants in all the units. I need to apply for a mortgage loan. I plan on living in one of the units, but what happens if I cant evicted in time of the closing? Do I need t...
Clark Coffey
Screening Question - Requiring all applicants to meet min FICO
Hello all, first time poster and relatively inexperienced single unit landlord. I’m out here in California and I want to make sure everything I do on my screening process is 100% above board in every way. I’m so conce...
Angel Riera
Dealing with an inherited tenant who won't pay
Hey folks!Just closed on my first multi thanks to all the info on this forum. Still very much in the process of learning this business. I inherited a tenant who has been avoiding me and did not pay rent for the month ...
Account Closed
Quick Advice for Financing Strategy- HELOC and mortgages
Hi everyone!Just looking for some advice: My personal residence is paid off and worth the equivalent of 4-5 prospective rental properties. I do not have any investment property mortgages (buy and hold rentals) yet and...
Jimmy Chao
Evict tenant or wait for rental assistance?
I have a tenant in eviction right now. My property manager confirmed they have recently applied for rental assistance. And my lawyer says I should definitely get it when the assistance come. But we don't know how long...