Yan W.
the maximum amount I can borrow from bank
Dear wise members,I'd like to buy a 2nd property in the city and will rent out the 1st suburb one if needed. Will the new mortgage depend on the 1st one already having stable rental income for certain amount of time? ...
Jason Crowe
first time home buyer 1099 1 year tax return
25-30year amortorized loan. who can loan on someone in this situation. 700 credit.primary residence purchase.
Angie Provo
Advice on Multiple LLCs for tax strategy?
I recently attended a seminar where the speaker was talking about the various real estate businesses he owns so that he can move expenses around, thus reducing taxable income dramatically. So for example, one business...
Morris Sandvig
Scaling rental properties
I'm reading a lot about buying without much cash. So after buying first rental property how do you qualify for next one when carrying large loan? Is it about DTI or reserves? Does rental income count towards income...
Samuel Willis
Unique funding question
My name is Sam in Brunswick GA. I am extremely interested in getting started in rental property investing. I have even identified what I believe to be a profitable deal. I am looking for advice on funding due to a uni...
Edward Speno
Condo Approval for Cash Buyer
I have a condo under contract that I am looking to assign or resell, but my potential buyer doesn't meet the association's annual income / credit requirements. What if I found someone to seek approval and purchase the...
Victor Omoniyi
Gain/Loss to Lease - Line Item on Cash Flow Statement?
Hello BP Community,I am analyzing a deal and I see the Gain/Loss Line item on the CF statement - it's a positive value - so severely inflates my Potential Gross Income. My questions are: -Kindly explain in layman term...
Patrick Costin
Bought my first duplex
Hello all,I'm closing on my first duplex tomorrow and have been reading a whole lot of the posts here. Very resourceful!My first of many questions is: Do I even bother with the tax depreciation this year? I'll only...
Dee Xixi
Help with Rental units analysis going to auction
Hi Folks,
There is this 96 units property going to auction. As I am preparing a financial summary for a 25/75 split equity. 25%---me and the equity partner 75%.
Here is the number
23 studios x 800 = 18,400 ....... ...
Jimmy Lieu
Help getting a pre-approval with a 1099 job?
Hello BP community,I recently just road-tripped from Portland, Oregon to Columbus, Ohio to start building my real estate portfolio here. However, I've just come across a huge hurdle. I received my job letter and it's ...