Mike Francis
Other Lending Options for first time home buyers?
I have a house for sale where the interested buyers are a couple of months away from having the lender required pay-stubs. Both buyers are new college graduates, one with a masters degree with excellent credit, and bo...
Rod Jones
Forced Appreciation/Equity
Can I add value to a SFR rental the same as MFH using its NOI, ROI, and etc...or rather have an appraiser/bank use income valuing (hope im saying this correctly) to come up with a higher value to force equity/a...
Carlos C.
Bank in Kansas City area... HELOC needed.
Hi, I need a bank that knows how to deal with RE investors. I have a few rentals and all my income is from the rentals... but I have several deductions every year and end up with "paper losses". I tried all kinds of b...
Bob Sacamano
Tax implications on renting Duplex to sibling who is also co-owner
Hello!
I can't seem to get a straight answer online by searching for this. My situation is:
1. W2 income puts me in 35% tax bracket.2. Purchased a duplex with sibling as co-owner that will occupy one half of duplex....
Berry Starnes
Cost Segregation Study for Single Family Homes
Actually, I'm in Portage and Kalamazoo areas:I am hoping someone can help me figure out if a cost-seg is worth it and on which of my two recently purchased properties I should do it on.I have a W2 income as a medical ...
Maria Lamb
Do I need to send 1099’s?
I purchased a fixer apartment house, unoccupied, in 2020. It will be ready for occupancy in early 2024. My accountant said I didn’t need to issue any 1099s yet because the property is not in service as a rental. This ...
Brooklyn Hunt
What is my buying power?
Hi, I am a very new investor, so please excuse my lack of proper terminology if it occurs. I am a young 20yr old hopefully soon to be investor. I am currently working at a brokerage firm. Mine and my SO’s annual incom...
Raul Flores
Tenant screening decision your point of view
GuysI have two tenants applications, not sure what to choose, the credit score is bad, lower than 600 however they some good points:The house is 5 bedrooms and 2 bathroom, two living room and two dining room. $1200 mo...
Christina Galdieri
Screening an Army Vet
Hi All- I have an Army vet who applied to rent my property. How do I go about verifying her income from the VA? I can't seem to find anything on how to do it. An old post had a link but it doesn't work. Thanks!
James Conaway
Section 8 renter approval criteria
I have to existing rentals that are luxury condos and have a system to get renters approved. I now have a low income 4plex that I would like to rent to section 8. Do the same approval policies and procedures apply to ...