I have 40+ rental properties and I managed them all myself. In addition, I am a real estate agent and buying several properties each year for myself and have a W2 job.
Will I qualify Real Estate Professional?
I do...
Hello Everyone
I need help with a mortgage situation. i have an investment condo in escrow. The buyer was trying to go through FHA loan and was not able to get qualified because of HOA not meeting FHA requirements w...
Yesterday, I read about a Rehabilitation Tax Credit that provides what appears to be a 10% tax credit for restoration and rehabilitation costs do properties built prior to 1936 or a 20% credit foe those that are certi...
Can someone point me to the statute or documents explaining the requirements that should be met by a trustee of a Florida Land Trust (F.S. 689.071) who is not a natural person (ie LLC, Corp, trust, etc...).I remember ...
Would like to know the quickest way possible to obtain a pre-qualification letter to view a property, which is 6 units. Is there a good place online I can go to get to this done that others have had success with?
I am wondering about mortgage qualification parameters on investment properties. Do banks assess the rental income potential on a property when they qualify you? In other words, I hear all these stories about peopl...
Can I qualify for a conventional loan, or an FHA with an income of $30,000, I have been employed with my employer for 2+years, looking for a lender in CA. I have read numerous articles and forums regarding the income ...
I'm a newbie RE investor who is looking to see if I can qualify as a RE Professional. I'm documenting my RE-related hours and wanted to know if I can include drive time to/from appointments/drive-for-$$/etc. Thanks ...
My rental is posted for $3,900 per month. 3x income is $11,700 per month or $140,000 per year. I have an applicant who has a 787 credit score. He just finished his radiology residency at UT and made $70,000 per year. ...
1st property is bought and rehab is finished.!!I have had it list for a week with 4 showings and no applications.I’d say I’m in a C+ neighborhood on a very nice street. I dropped the advertised rate from 1100 to 1050...