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14 January 2025 | 23 replies
I believe you are not aware that the definition of "equity skimming" has been expanded since the great Federal Reserve debacle of 2008.
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13 January 2025 | 2 replies
., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?
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29 January 2025 | 31 replies
I don't believe in marriage so I ain't paying no engagement fee.
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14 January 2025 | 5 replies
The list comes out at least 30 days before the sale and the owners have opportunities to pay off the debt anytime in those 30 days.
9 January 2025 | 0 replies
Understanding the IRS disaster relief provisions is crucial for residents seeking financial recovery.Under IRS guidelines, individuals and businesses in areas designated as federally declared disaster zones by FEMA may qualify for special tax relief.
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22 January 2025 | 0 replies
Here are some key elements to include:Lease Agreements: Ensure your contracts reflect the latest laws, such as notice periods for entry or rules around security deposits.Fair Housing Compliance: Familiarize yourself with federal, state, and local fair housing laws to avoid discriminatory practices.Property Standards: Regularly inspect your properties to ensure they meet safety and habitability standards.Tax Documentation: Keep accurate records to comply with tax reporting requirements.4.
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14 January 2025 | 17 replies
And than the sob stories and how the nation should jump in and pay for what they didn't cover.
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20 January 2025 | 57 replies
(Mission Hills Federal) (March 13, 2024 )Home Matters USA (February 16, 2024 )Lanier Law, LLC (January 17, 2024 )SL Finance (October 6, 2023 )American Financial Benefits Center, et al.
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14 January 2025 | 8 replies
Federal Laws Prohibit Discrimination of 7 Protected Classes, Massachusetts has added 8 more:-02.Always know more of the Rules/Laws/Regulations than ANY Tenant.
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22 January 2025 | 5 replies
Check out the federal rules as there is currently a ban in place for most foreigners to buy in Canada.