here is my situation. My father in law is nice enough to let me use him as the person applying for the loan on properties we are looking to buy and rent. He is doing this because we have not closed on our primary resi...
I am a flooring contractor in Abilene tx and I own two single family rentals and one duplex (owner finance). I have good credit and decent amount of capitol but have had issues with getting finacing because of being s...
This is NOT an offer, I am explaining my situation. I don't know what to do next.I don't know loans as much as I should, but do understand quite a bit. There is a group of wealthy individuals who need tax write off an...
Hi BP, I have a question and hope someone can provide some further insight and possible suggestions. In researching my returned mail addresses from vacant houses, I found that the owner of one house is deceased and st...
Me and my wife out looking into getting our first 4plex with the FHA loan. We already have 3.5% down needed, but our curious what our odds of getting approved our for a $350k loan. Mainly because I had a friend who is...
I received a 1099-Misc from my property manager for tax year 2018. This is the first time I've ever purchased an out of state property that is professionally managed.Doesn't receiving a 1099-Misc mean that the income ...
I have a home in Houston, Tx that a landlord had up for sale. He will sale the property for 84k to me. The appraisal says it’s worth 121k. With this being my first rental property, I’m pretty hesitant. On paper it loo...
I have a pending sale on a 3 bedroom 1 bath craftsman single family home built in 1912, it has a non-permitted but livable basement with it's own full bath, sink & separate outside entrance. The home is in a desir...
Hi All,
I am currently a tax accountant and CPA at a big four accounting firm in Boston, MA. In my current role I specialize in state and local corporate tax compliance. I found my way here months ago by looking for...
Hi everyone,I have been owner occupying a duplex (renting out one full unit plus spare bedrooms) in Dover since 2016, get rents totally $3440 monthly, seen great appreciation on the property value, and want to open a...