John Osborne
Salary Job vs Sales for loan qualification ?
Hey everyone,I currently have a salary job but am considering transitioning into sales. I was wondering how this would effect approaching banks for traditional financing? With a salary job you can provide a set income...
Jeremy Baker
Tax assessor resources by neighborhood
Hi all!
It is my understanding that the tax assessor of any given area has a multitude of sources for information on the following criteria such as
Income levels by geo zone
Property values by geo zone
Rent zones
N...
Philip W.
Occupancy Rate and Offer Price - How Much?
Considering all the other investment metrics turn out to be favorable, how exactly do you figure in the occupancy rate of a potential multifamily investment into what your offer price vs Seller's original asking price...
Linda Ford
Changing LLC Tax Status to C-corp
Hi,I formed my LLC in February 2018 and will be filing taxes for the first time in January. I have been doing some research on changing my tax status to a C-corp and want to know if that would be ideal for me, conside...
Greyden Piechnick
My mom isn’t able to claim Real Estate tax benefits?
Hello! My mom owns 5 rental properties. She is telling, me since her and my stepdad make over $150,000, she cannot utilize tax write offs until they sell the property. She is claiming that the write offs will be used...
Bill B.
FHA 2010-23 refi
Hi,My partner's corporation and my corporation are in a JV that owns a note in Ohio. The JV is in forbearance on that note. The JV has been receiving payments (through a well known servicing company) on time since A...
Ali Javid
How did you manage taxes when you started out?
I try to be frugal and dedicated.I read books on the tax benefits of real estate. I then filed my first year with TurboTax and was all of a sudden surprised. A lot of tax deductions didn't apply to me due to my income...
Edlyn Gonzales
Tenant screening requirements question
We have an application for one of our apartments with 2 tenants. Our minimum requirement for credit score is 580. 1 of the applicants credit score is 558 (this person makes majority of the income) and the 2nd person h...
Nate Smoyer
Evictions Database - sort by state and other factors
I came across a really cool tool that helps you analyze regions' evictions rates and other metrics.https://evictionlab.org is the tool.You can sort the rate of evictions by states and compare stats by income levels, r...
Brie Schmidt
Local neighborhood information
Has anybody ever hear of http://www.neighborhoodscout.com/
We just pulled out our neighborhood and it gave some interesting information and income levels, education, poverty, real estate values, vacancies, ec...