Todd Willhoite
UBIT tax rate 21%? Did UDFI tax rate drop to 21%?
I have heard that the UDFI tax rate dropped to the corporate rate of 21%. Did the new tax law also change the UDFI tax rate to 21%?
Bruce Harding
Need Advice on How to Handle OTHER INCOME on Loan Application
I am applying for commercial credit. I have 2 scenarios that I don't know how to handle on the application.1) I am applying for the loan and not including my spouse on the application. She pays a certain amount of...
Matthew Bond
Taking over a 5 Unit with an MLO - Have a few questions
I'm taking over a 5 Unit apartment building on a Master Lease Option, and I have some questions regarding the current lease, and some things the current owner has done.1. The current owner currently collects rent by g...
Himanshu Patwardhan
Need guidance on how to select realtor for renting out condo
I am about to close on my first condo. I am thinking of hiring a realtor to get the unit rented out. Few realtors I spoke to are charging 1 month rent. What services should they offer as part of renting out. some I wa...
Travis Carter
Starting up in real estate
So I’m just starting out and have recently finished reading Brandon Turners book on rental property investing and I’m wondering what the next step is do I get in contact with an agent? Look for homes? Apply for loans?...
Phoebe Pulido
Cash Out Refi Tax Deductible?
Hi BP Family,
My husband and I are looking to do a cash out refi on our currently paid off home. We plan to use all the funds for investing in rental properties. Would the new mortgage on our home be tax deductible i...
Marsha Weaver
Kansas Rentals being sold
Ok I’m new with no RE purchases. I’m actually a renter of the same property for a decade. The landlord wasn’t great with upkeep either herself or allowing us to do it. Fast forward to July. She died and her husband to...
Ryan Tetreault
Change of getting accepted for an FHA loan out of college
Hey everyone, first post here on BP.
So, backstory for an insight on my question. I am a freshman in college right now, and I am applying for the SMART Scholarship for Service program (link), where I intend on house ...
Rachel Bier
Should I refinance?? Need help
Hi,We have a SFR in Santa Rosa CA and would appreciate advise on whether to refinance. We would take out max of $100K, here's the numbers...- goal: buy another SFR in Santa Rosa CA- Property value: Zillow estimate $57...
Lisa Foreman
UBIT in a self-directed IRA
If UBIT is owed from a self-directed IRA, does the IRA pay or the individual owner pay? I suspect the IRA must pay the tax, otherwise it's a prohibited transaction. Is that correct? Can anyone reference the related ta...