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Hello,
I'm running into issues with qualifying for a conventional mortgage to buy another owner occupied house here in Missoula MT, to build another backyard ADU, this strategy works great here. I'm hoping you can he...
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Is there a calculation to determine how much Real Estate you need to buy to bring your tax liability to zero? For simplicity's sake, we can just use straight line depreciation.
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I just had my first prequalify application declined. As I have learned, it is routine to approach numerous lenders until you get the yes, so I almost expected this. Just trying to assess. The lender was very polite an...
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I spoke with my lender last week and he told me that as of I believe June 4th or so, Fannie edited their guidelines and it is basically impossible for a self employed (no W2) person to get conventional financing right...
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Hi all - I have a few questions surrounding the idea of having an LLC or some other form of entity. For background I do not have one currently and only have one rental property that’s a single family home but am tryin...
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I would like to evaluate all options for purchasing a second rental property. Among those options is applying for a mortgage loan. However, rather than just go out and submit an online application for a mortgage loan ...
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Hello all,
I have a pretty simple question. If I own a single home, and would like to move into another and rent the one I am in, is there any way to count the future rental income on my DTI? Or will that only work w...
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Hi!I am currently a full time student working a part time job, have a decent amount saved in the bank, good credit score & no debt. Any suggestions on financing my first deal? I’m having trouble due to my low annu...
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Hello Hello ! Going for a business vehicle purchase and wondering: if the cost of vehicle is more than business ( property rental ) income in the tax year, can it be split in two consecutive years ?for example : Rent...
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just wondering how to get financing for mortgages after I leave my 9-5. I have been using the BRRR strategy past few years but when I refinance banks always rely on my W2 from my 9-5 job. Any info on how to get aroun...