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Hi,Does anyone know if SmartMove uses the combined income of two applicants in meeting the 3:1 requirement? I currently have an Applicant and Co-Applicant. The applicants reports came back with a "decline" recommend...
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I am thankful and looking for feedback from our professional tax preparers. My wife and I don't qualify for real estate professional status. We make over 150k a yr. We have 5 rentals in seperate LLCs that have creat...
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Hi All,
Im an active real estate investor and I'm looking for some more funds to finance more deals. I have around 200k in my home equity. Unfortunately my debt to income will not get me approved to pull out the 200k...
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What documents do you require prospective tenants to submit when filling out a rental application? I'm planning on requiring photo ID, most recent W2 and 1040, 3 most recent pay stubs.Does anyone require bank statements?
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I apologize i advance if this is not the place for this. I've been learning all I can to ready myself for an entrance into real estate in the next few years and have run into a problem that I think I'm missing a piece...
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If someone is a "real estate dealer" and can't report profit as short term gains from developing or flipping property, then wouldn't the best option be to buy and sell through an S-corp since they're a business?
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Is their any way around being called a dealer by the IRS. Like flipping properties under an LLC or some other entity. Could some please help me umderstand this one.
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If in 2023 I take a large loss on my properties while a renovate them, but they start cash flowing in 2024. Would there be negative impacts from a underwriting perspective?
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Hello, I live in DFW metroplex. I own my primary residence. I am looking to supplement my primary income stream and expand into real estate investment. I have heard of folks investing to get rental income. That cou...
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I am closing on my first commercial property (under an LLC), which will be owner-occupied for our business. I am also planning to sell my home and purchase a new one, hopefully within this year. Is it feasible to fina...