Account Closed
Really liking note income
Most of my income is derived from re-sales. I cash out of most of my re-sale deals and usually only carry paper in order to solve a problem. However, this year I created two small seller carryback notes as a way of ...
Matt Frey
Is there a 1031 exchange equivalent in Canada?
Hi,I have been trying to find the equivalent law in Canada of the 1031 exchange in the US. What I have found, under the income tax act section 44 and 44.1, Canadian's can have their gains rolled over into other proper...
Paul Xiong
Converting garage to ADU
I'm currently planning to convert a detached garage on my rental property into an ADU. I have a few questions regarding the conversion cost and how to rental it out as a separate unit.My goal is to use the ADU for mid...
Thien Tran
Section 8 Experience in Memphis
Hi everyone - I was wondering if any investors or PM have experience with renting SFH to Section 8 tenants in Memphis. Do you mind sharing some of your experiences, pros/cons, etc? I have some interest from section 8 ...
Nobuko Morgan
Expenses to write off?
I have recently bought an really old house and my husband who is contractor has been working on the house.We are planning to live in and sell after 2 years.I wonder if any expenses can be written off. Any comments or...
Joel Custodio
What are the drawbacks of an FHA loan?
Hello all!
I have heard so much about the FHA loan and how credit score can be marginal and you only need 3 percent down, sounds too good to be true , any insight ?
Thanks !
Michael Win
Conventional Loan & deferred maintenance affecting closing
I have a home under contract. The Sale price is 15K under the Appraised value. My finances, income, credit history are all in order without issues for best rates. Typical 20% down.The loan is in the final stages and r...
Janet Ikpa
How to decline a qualified rental applicant.
I’ve been reading that landlords need to inform applicants who they’re rejecting of why their application is being rejected. What happens when you have too many strong applicants?
We have reviewed and identified 3 te...
Pam Smith
Self Directed Solo 401K Questions
Hi, I am new to finding about self directed ira and self directed 401k recently from this forum and I have a few questions that I hope I can learn more before I making any decision.
1. Me and my husband have corpora...
Mike C.
New Landlords. Holding Fee vs Deposit? General Advice.
We think we have a strongly qualified respondent wanting to rent our SFH (newly refinished). We are (plan to be) using NTN SecureLease. It does the application online and we're planning to get Checkpoint Premium s...