Can your rental income be considered as your own income to get a mortgage on a property?
Ok so I'm investing into my first rental property it's a 2 unit and I'm paying cash (20k). My biggest concern is how to avoid a higher tax bills because I'm single and make about 150k yearly.. What precautions should ...
If I don't have a job, but do have substantial rental income for the last 2 years on my tax returns, will banks(commercial and conventional lenders) still see that income as just as good as w2 income? I've heard th...
Hi all,I have been growing my portfolio over the last 5 years and currently have a mixture of 5 rental properties, 1 flip in progress, and 1 single family house that I decided to cash out on the equity and sell. (unde...
I know banks want 2 years of landlord experience before they will add rental income into your income streams. I have started partnering with my dad on some rental units. We just bought a triplex and evaluating a 7 ...
I am new to real estate and hear two opposing things about whether you can use rental income to qualify for a loan. My understanding of the BRRRR Strategy is that you can claim 75% of the rental income to qualify for...
Hi my name is Kyle, First time poster long time reader.
I have a question I would run past my accountant but not sure if its a dump question or not.
I have been in R.E. investing since 2007. I have a few rental pro...
Wifes house been rented by her mother for last 5 years. My name is not on the deed. She pays enough to cover mortgage, taxes plus 5% for maintenance.
Question,
Can I claim rental income so I can benefit after 2...
Okay, so I own one house and rent out the extra bedrooms to friends (boarder income). It seems many banks won't allow me to use my boardsers income at all on my debt to income ratio?
Are there lenders that will reco...
I wanted to know when I rent out my house am I allowed to rent it out at any amount or is there a law where I can't rent to much?