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I own a multifamily home. I live in one unit and rent out the other. In the unit that I live in, I rent out the other rooms. When I apply for a refi or a mortgage for a second home, can I include this rental income...
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so I’ve been learning a ton about the advantages of being a real estate professional and how you can use that depreciation from passive income producing assets to offset your earned income. And as I was reading it ap...
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Hi guys. I need some help understanding how does the debt to income thing works.. in regards to getting a approve for a loan. If anybody can break this down for me it will be greatly appreciated..
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Hey everyone! Been a while since I’ve posted but have been busy. I’ll get right to it.Just purchased a mixed use commercial building and I’m looking for creative ways outside of living/business units to add a nominal ...
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I am about to start renovation on a property in Houston. It has a converted garage which was done without a permit and looks to be not up to code. My plan was to demo and convert it back to a garage. Getting it up...
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I am planning on getting a multi family/duplex and live in one of the units. Does anyone have advice on how to keep my business and personal finances separate. By that I mean what should I count as personal expenses a...
Ok, scenario - I own a house with a conventional fixed-rate mortgage at 3.5% rate. For simplicity, lets just say I owe 200k on a house. Now, I want to sell the house to my cousin for 200k using a wraparound mortgage...
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My wife and I recently purchased a duplex "house-hack" together. She had a short sale a few years back so we financed this through FHA. I am looking into another deal with a partner on a SFR. My gross yearly income...
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Hey everyone! I've begun to comp properties and would love some input on the process - specifically, best practices for determining rehab costs & ARV.
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Hi guys,
I have a 3/2 SF with 2 car garage and basement. My idea is turn it in a 4/3 converting the basement into a conforming bedroom with window and closet and a tv room/living room and the laundry into a bathroom ...