In this episode of LearnLikeaCPA, Ryan Bakke and guest Parker Borofsky discuss the strategic approach to growing a short term rental portfolio, including tips on financing, debt to income ratio management, and leveraging tax returns for loan qualification. They cover topics such as the path to ten properties, utilizing projected rental income, and leveraging equity for property acquisition.Topics covered in this episode:- Strategies for acquiring multiple short term rental properties- The importance of understanding debt to income ratio in property acquisition- Tips for leveraging projected rental income for loan qualification- Using equity from existing properties for acquiring new ones- The benefits of leveraging tax returns for loan qualification.
Follow Parker online: https://www.instagram.com/homeloanwhisperer/
Timestamps:
[00:00:00] Intro
[00:01:37] Refinance options for multiple finance properties.
[00:05:45] Conventional lending doesn't consider one's AGI.
[00:08:39] Depreciation and expenses impact tax return reflects.
[00:11:18] Use real estate loss against active income.
[00:14:50] Loan originators need specialized guidelines for financing.
[00:17:24] Aim for ten, different goals, financial freedom.
[00:20:20] Tax returns crucial for loan qualification, debt.
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*None of this is meant to be specific investment advice, it's for entertainment purposes only.
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