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Good day everyone.
I have come across a potential deal as my first investment property.
Here are some details on it:
- 56 unit satelite complex
- all in (purchase, cap x, cost of money etc) about $3.5 Mil
- Cas...
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My mother owns a property and wants me to help her sell it and get paid for itWill she have to pay capital gains if she takes that money and re-invests it?She plans on making 50k and purring that 50k into a NEW barn..
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Question regarding FHA loans...
I am looking to buy a multi-family home as a house hack.The duplex I am looking at is currently has tenants on both sides.
From what I understand, to qualify for a FHA loan you need t...
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Did you know that you can increase your cash flow simply by utilizing accelerated depreciation of your real estate property? By accelerating your depreciation schedules, you reduce your taxable income which in turn in...
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Anyone have insight on how a construction loan would work on a building of 4 townhomes? We've only done standard residential loans for our investment properties, so I don't know how a construction loan would work.
W...
Hello!I have found myself in a bit of a situation...I am currently in contract to buy a house. Due to high volume, the appraisal is set to take place a full month from now - on the day our contract period expires. We...
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What do others do?I let both parties on the lease know I am happy to amend the lease to remove one of them, but they will both need to sign it to release one party from the lease.Anyone else dealt with this before suc...
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If someone might be able to qualify for the full amount of the purchase price from a lender, is there any reason why seller financing might be a better option? I understand that for the seller some benefits would be t...
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I currently have a rental property and a primary residence in which I've lived for 6-years. I am interested in selling my rental property and converting my primary residence into a rental property. After doing this, I...
Can someone describe how the process of refinancing out of a rental property works? What criteria do you need to meet? Does it have to be done through a traditional bank or are there lenders who don't look at W2 incom...