meleane0314 asked:


I am trying to make a deal work. It is a HELOC (or we can do a fixed second) but he is self employed and needs to go stated doc. Also it is an investment property. Any idea of lenders?
692FICO – 80% CLTV – Investment Property – Stated.

Alex

skattered0077 asked:


discriminating because I will not rent my investment property to people who do not have reliable employment. I have been told by few people that I am discriminating against them, but how do they expect to pay $280/week in rent if they dont work? I have had problems in the past with people who dont work not paying rent on time, if at all and have been forced to evict them. Do you think I am being fair?

Linda

Yenny V asked:


an additionl renta property whie i found a house to live in. So now all ihave is a 3 family house, and i ive on the third floor. How am i going to get hit with taxes? Also if I use the profit to buy a primary residence will it be ess of a tax burden? Any tips or suggestions wil be greatly appreciated.

Brad

Antonio G asked:


I would like to purchase a property for investment purposes (renting) but cant really afford 20 nor 10% down on loans. Is there any loans offered by banks that offer such help for investors?

Erica

BethA18 asked:


If I buy the home at $175,000 (that is a starter home in my area) and put no down payment down, the mortgage would be about $1140/month using the interest rate in my area(6.9%) when I add in property taxes and insurance and maintenance plus my profit (25%), it would be about $1850/month. Who on earth would pay that for a 3 bedroom 2 bathroom house with no basement and 1/4 acre? How could anyone put no money down for an investment property and still rent it out for profit? FYI- our starter home in this area has gone up about $40-48000 in 2 years. The area is very hot. What to do?

Bonnie

Carissa B asked:


how long do you have to own investment property in order to take a capital loss with tax benefits on the sale of the property?

Paul

vicprobey asked:


I’m looking at 425k property with a $2600 mortgage and about $700 in monthly expenses (HOA,Taxes,Insurance)

The current renters are paying $2800 a month.

With write offs is there anyway to break even or make a profit in the next few years? If I make 50k per year will I be able to write off anything from this property to reduce my taxable income?

thanks
Thanks for the answers so far. Please let me add I’m not asking if this is a GOOD investment. The question pertains to the tax benefits and how close to breaking even I can come.

I already know I want the property, I just need to know how much I would be losing per month.

Jeremy

JACK P asked:


i live in ohio and was wondering if i could write my payment on an investment property off as an expense or can i only write off the mortgage interest paid on it? i always figured my profit as rent collected minus full payment… is that not correct on ohio and federal taxes???

thanks in advance..

Roberto

yrrej_ie asked:


how can it help your pension?

whats the risk?

Marlene

chipjet asked:


I’m just out of college and in the finance world. I know about the obvious reasons for building your own equity, but I’m having a hard time deciding whether I should buy my own 1BR condo in Chicago, or to purchase an investment property to rent out. Either way, I will be building equity, and obviously both would be the way to go, but I don’t have enough for both down payments yet.

Alvin