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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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Hello to all. Bought a single family home with cash, maxed out ccards for improvements. Went and saw Mr. conventional. "the bank." I explained exactly what I wanted the loan for (debt consolidation) and that my ...
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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...
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I have a 2 BR townhouse with a detached studio garage apartment in Jupiter, FL. I bought for 350k and currently owe 250k (worth 375k now). I have rented the studio and lived in the main townhouse off and and on for th...