Daniel Kong
Out of State LLC - Where to open Bank Account?
Hello. So I live in Hawaii, but recently purchased a rental property in Indiana. I plan to transfer the property into my Indiana LLC. My question is, should I open my business bank account in Indiana, or can I registe...
Glen Rosen
Phoenix and Vegas prices
Hello,
Have Phoenix and Las Vegas prices for SFR fallen over the last three months and what do you think will happen with prices over the next three to six months? I'm interested in a three bedroom home in that sells ...
Brian Tome
How do I get the bank to accept my short sale offer?
I want to make an offer on a short sale property, but I will be looking for a hard money lender or a business partner to bring on board to finance the deal. The problem is that the bank won't accept my contract offer...
Ben Freeman
Local bank won't accept rental income until its filed on my taxes.
I was trying to be pre-approved for a new primary and ran into some issues with the lender not wanting to count my income on my duplex. Backstory:I purchased a duplex in may of 2022. One half was rented($1300) the oth...
Cynthia Hartley
Should housemates' rent be claimed as income?
Hi all,Can/Should a homeowner with housemates claim the income (rent) and a portion of expenses (landscape maintenance, cleaning service, utilities, home repairs) on taxes as a business expense, if it is the homeowner...
Traci Lovelace
Fannie Mae sitting on offer
So, my husband and I have never successfully purchased a Fannie Mae property.We have an offer in now on a property that has been on the market since 4/26 and the price reduced for the first time on 6/3. Our offer is ...
Karl Hudson
Next Move. Rental Property #3 & 4
Looking for some advice with my next move. I would like to purchase two more rental properties this year. I currently own two, which are both generating a nice profit after expenses. One is in Florida, which is alread...
Christopher Um
Question on Making Offers on REOs
REOs is one arena I really want to step into to increase my inventory for my buyers.
With that in mind,
I am not a licensed broker or anything, but in a couple of days I am going to get direct associate access to the...
Chris Hannigan
Cash-Out Mortgage - Getting the appraisal I need.
Hello. I recently bought a duplex cash, and wish to cash out the equity, so I can purchase more. I have a couple questions: 1: my understanding is that the property has to "season" for 6 months. Are there any other ru...
Sarah Jones
loan left
One of the person on bigger pockets found a house that was like 170k and had 90k left in loan and he made an offer of 55k and the bank accepted the 55k short sale... i am trying to do something similar, how can you te...