Age 56 and retiring from farming and I’ve been very good at avoiding income taxes with depreciation and business expenses. But I will have over a million in pure gross income coming in 25. Plus I may also sell some ...
Here is a bit of background: A friend of mine and I have teamed up and are diving into real estate. Neither of us have any substantial cash on hand but we both have good jobs and good credit. We’ve teamed up because...
In June, I bought a 3 bedroom/1 bath SFH in Lansing, MI on short sale for $20,000 that I am now renting. I was able to find conventional financing from a bank, getting a 30-year loan at 4.79%. I'm currently gearin...
I recently posted a listing for a unit in my 2-family which has had a lot of traction. An overwhelming amount of inquiries flooded through my inbox in the passed week. I tried to narrow it down to only a handful of pe...
I have a client that has a great credit score and several assets looking to buy a duplex. They just started their own business and can’t get a traditional loan. Any recommendations?
Continue problems! Going on almost a year. They have screwed everything up. Improperly reported to the IRS bad tax information. So far, the servicer shellpoint has messed up everything, failed to credit me, bought ins...
Hello I own 16 rental properties that I have been collecting for the past 6 years. I was wondering if anybody knew of any banks or portfolio lenders that would help me refi these properties under one loan and pull the...
New to this stuff. Can someone explain to me what this means in layman's terms? I understand there is both homestead market value exclusions and market value credits. What does this mean to someone like me looking at ...
Agreement of Sale is signed. After home inspection we negotiated 2K in our favor. What could be the benefits in either lowering the buying price (and adding addendum to aos) or putting it as credit towards settlement ...
I have a sizeable commission from buying my own home in california. Can this commission be written off for taxes if I am a licensed realtor?