I'm Going to try to be short sweet and detailed. I feel that you guys need a little background first. I have A LOT of school loans which is killing my debt to income ratio. Banks aren't in the position to lend to me ...
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I've recently had some students interested in renting from me. They will use student loans to pay rent. My screening criteria requires income of at least 3 times the rent. How do I qualify these students when they ...
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Hello Everyone I'm a new investor and looking to buy my first SFH for me and my family. This home will also be my first rental property when I move to North Carolina in about 6 months to a year. Is this a good idea.
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Ok, now I am really confused, last week there was a discussion as to if just a landlord receiving passive income (rental income) was required to issue 1099s and the general concensus was since they were not operating ...
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Hi all,I currently own 2 STRs properties (1 in Seattle, WA, and 1 in Big Bear City, CA), Both companies have a separate LLC, and on top of that, I have another LLC that I use as a holding company for the two LLCs abo...
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Hi all. So after looking through pages of previous posts/replies, I did not find a topic that covers my exact question so I'm submitting this one.Can someone please clarify how capital gains and depreciation recaptur...
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Hey BP - I'm looking for some advice on potential tenants I am screening. I have a couple applying. They are not married.One of them meets all income and credit requirments having a 729 credit score. So by themself...
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I want to form an LLC with two private investors. I'll run the project and they'll pitch in various amounts of money. Once we get an accepted offer, then we'd just create an LLC just for the property we're working on...
do I need to be on the title to depreciate income?i was thinking of asking my mom to be a credit partner
she signs for the mortgage,
i do everything else, money down, monthly payments, fees, taxes, insurance, mana...
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Hey all, Yes you should always use the 3x rule when evaluating if a tenant can afford your rent. However I've come across a few very good applicants who have great credit, little debt, and solid jobs. There salary's ...