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Hi
Does anyone know of a good "due dilligence" check list for buying single family up to four unit? I know I can probably piece my own together by using a "Rich Dad" type and paring it down, but maybe one of you alrea...
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Greetings all,I have been told by two lenders now that you can NOT use STR income from a primary residence to qualify for a loan. The income is documented on Schedule E. They WILL use the STR income from my non-primar...
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I’m submitting an offer on a home for our family. The home has an efficiency ADU (converted detached garage) which we will rent out.
The property is also in a targeted area, so I qualify under increased income and pu...
Hi all,Have a weird situation where I recently purchased a rental property 1 year ago and am looking for a new loan on a new property. I have great credit and W2 income to purchase a property before my rental income (...
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Hey guys, it's been about 3 years since our last rental purchase and we used an agent for the last one. We managed to make a deal with a private seller 2 days ago for a Drake rental. Anyone have inspector recommendati...
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Hi everyone, first time posting here. I could use your help with the following two questions - How do I enter depreciation on my taxes if my property was used as a rental, then my personal residence, then rented out a...
My wife a I are buying our first rental property and I am trying to figure out how to file our taxes. We will transfer the property to an llc. We live an the property is in co which is a marital property state and the...
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I'm a General Contractor in the South Florida area. I've pretty much just worked in the commercial industry and I'm aware that business is conducted differently in the residential rehab market.I was just curious to kn...
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Long story short............. under my schedule e he put 365 days fair rental days when I purchased the property 8/20/14 and was really only like 120ish fair rental days. Now I cant use any of that income under Fannie...
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Just wanted to get some general information on tax deductions...nothing in depth, want to make sure I'm not completely off with my analysis.
When buying a property, there are a lot of items that can be deducted at t...