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Hi, i am curious if this is even possible. My question is. Is there a way I can get approved by a lender without a co-signer for a 500k duplex in Chicago only making 50k a year ? If not, is there any other way ?
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Morning BP, Been reading @Brandon Turner book "Managing Rental Properties" because Friday we'll be closing on our very FIRST RENTAL property (very excited to reach this goal of 2016)!My duplex is in one of the lower i...
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I just purchased my first single family 3 bedroom house that came with a non-permitted detached in-law unit in the back, typical for Oakland Ca. I am planning on living in the in-law unit since I got an owner occupie...
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Hey Guys!So i was using an excel spreadsheet to analyze a property that I may purchase this Fall. However, I noticed there was a cell labeled "depreciation" which always comes out as a loss. I tried to research what t...
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Thanks for taking the time to read! I'm 18 years old I decided not to go the college route in order to pursue Real Estate full time. I have been wholesaling for around a year now and have been blessed enough to have m...
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Hi,
In the last year here in AZ my in-laws have bought 3 SFR for cash. They are retired and do not have any expenses other than health insurance, food, fuel, etc... They are in the hunt for another property. Quest...
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Hello everyone,
I've been thinking about buying a house for the past year. I saved up enough cash for more than 50% down payment, but the main problem is that I am a freelancer and I try to write off as much ...
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Hello all,
I have a very young married couple and the son’s mother looking to rent my SFH. Once we began the screening process, I was told that the mother does not yet have her green card. The couple are both US citi...
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My CPA says STR "A" can only deduct expenses for STR property "A", and only up to income level. Whereas my other LTR rentals B,C,D,E etc, can accumulate/share deductions and losses , as well as carry over. STR cannot....
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We recently placed a duplex up for rent on Zillow, FB Marketplace, etc and on the description I clearly have the minimum requirements listed (600 credit score, 3x rent etc). When prospective tenants reach out, I then...