Hi! I really need your help to understand this issue. "Under the Foreign Investment Real Property Tax Act (FIRPTA), when a US non-resident sells real property, 10% of the gross sale price will be withheld for the IRS ...
Hi I am looking into build my first Condominium in Downtown Houston. Where do I go to apply for this status and and requirements I need to follow?
I'm planning to purchase a 3BR/1Bath SFR estimated appraisal value $275K. Plan to purchase for $265K. I pulled comps for 3BR /2Bath in same area and recently sold showed comps from $320K-360K. If I add a full bathroom...
Is there supposed to be a waiting period between when someone closes a HELOC and applies for an investment mortgage? I'm about to close on a HELOC to be able to make cash offers, but if the house can be underwritten c...
After repairs, we plan to cash-out refi, repay the 401(K) and rent also. If UBTI on Debt-financed property applies, does it stop when we repay the loan? Or does it start when we've afterwards collected 1,000 in rent...
When applying for a mortgage loan... Is ok to apply for more than one?
Thanks.
I will be buying and possibly flipping my first investment property this year in the North East Florida area. Need some advice- should I apply for a real estate license? If so, which type of license? I know there are ...
Hey everyone,Yesterday I finally signed a lease for a unit I had vacant for a few months. Over those few months I had 5 applicants who paid the application fee, knowing the minimum qualifications to rent the property...
Hey all ! I have a SERIOUS question. I bought a two fam house 9 years ago which I am living in and renting one part out. I fell in foreclosure 6 years ago and my credit was dealt. I recently got a loan modification (5...
While reading the Ultimate Beginners Guide I was introduced to the 50% Rule and the 70% Rule, and the 1% Rule I have heard was bumped up to 2%. I like the 70% Rule as a good guide to make sure you are getting a good d...