Im just curious. For everyone out in CA or even the NE (Boston, NY), how does a person 1. Get financing for a home. And 2. How are the lenders calculating what someone can afford?

I know the price of a home is depend...

How do u classify your assignment fees as income? do you have an llc or get checks written in your name? Ive already had a horrible experience with IRS after winning a vacations prize not knowing it would be added as ...

Hey,Long story short is that I’m trying to buy a second Fourplex and lender’s are quick to say no. I currently own one SFR in Oklahoma, and one Fourplex in Kansas City that I owner occupy. My wife and I are trying to ...

As a Quote from @Justin Windham: says, “SDIRA can be a great way to increase flexibility and get higher returns with retirement money"
That’s a fancy way of using your IRA to get rich.
Maybe your IRA has been sitt...

Hello Fellow BP Members!With interest rates hitting historically low levels, I am trying to refinance 2 of my properties. I have 3 homes on Airbnb and need to use that income to offset the mortgages, for my debt to in...

We are first time landlords. Our first application came in for our rental, but after taxes their total income is barely 2x the rent, where we require 3x rent. What is the proper way to deny them? Do I have to send an ...

$5,000 a Month
What Will it Take to Create Such Passive Stream of Income?
So you want to be financially free you say? Ok cool. I want to be an astronaut. There is a gap between what I want and what I have. I am abou...

Rentals that are in my name only, Schedule E deductions are pretty straight forward. Here is a more unclear scenario in a family partnership:Rental property investment loan purchased with the mortgage in fathers name....

I recently formed a new LLC that will be involved in buy/sell, and buy/hold transactions. I read around online that stated I should go ahead and file form 2553 to be taxed as an S-Corp. I called a CPA for advice on it...

I'm thinking of converting a vacation home to a rental.  Obviously I can get depreciation advantages, but how do I do that?  Do I simply start taking depreciation on Schedule E?  Can I get retroactive advantages?  How...