All Forum Posts by: THU NGUYEN

Anybody knows if we can attach the following when you filled out the form online?  I didn't see any place to ask for attachment.  Just basic information asked, gross rev, loss rent, operating cost, and owner info from the website, then submit.

Are we waiting to hear back from SBA before we submit below forms?  TIA.

Anyone has done it and got response back yet? 

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Basic Filing Requirements

Completed SBA loan application (SBA Form 5).
• Tax Information Authorization (IRS Form 4506T)
for the applicant, principals and affiliates.
• Complete copies of the most recent Federal Income Tax Return.
• Schedule of Liabilities (SBA Form 2202).
• Personal Financial Statement (SBA Form 413).
Other Information may also be requested.

It's a great way to reduce the parents taxable income.  Glad to discover it this year.  Thank you all for your advice.  

Thank you Jason.  Will reach out tomorrow.  

@Mark S.  Do you have an agent for rental insurance that you recommend?  Mine is about to expire so I am shopping around. 

TIA.

Houston landlords, flippers, investors:  

Any investor friendly agent you recommend?  I need a quote for 15 rental properties.  They are about to expire 1/1/2019.  I don't like benchmark insurance anymore so looking for another agent.  

TIA

Hi,

Any tax guru can help me out on this question:

I want to pay my kids for working for me...but don't really know the pros/cons between W2 - payroll vs Issue 1099?

Thanks in advance for your help.  

I'm from Houston and looking to get into short term as well.  Thank you all for the info provided.

Questions for those who have own vacation rentals for a long time (if any here)....do you see a dip in rent when the economy is down?  Right now everything is great and vacation rental is making good return.  My concern is that when the economy takes a down turn and we still have mortgage to pay for these vacation houses....risk is high?  

I’m seeing flips in the 250 range are being staged.  It’s changing.  It used to be in the 300s above 

You want to learn RE, you have found the right place.  Search and read for any questions you have, if you don't know...ask and other people like Belinda Lopez and many other investors will help.  I am grateful for this community and anybody asks me how to get started, I ALWAYS point them here.  

Most of my rental properties are under $150k, not in high crime area if rent is $1200 to $1500/month..... just need to make sure tenant has good rental history before renting to them.  

I have people lie, created fake lease, fake rent receipts, fake landlord names/numbers so just screen well but no, it’s not in high crime area at all.