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16 May 2024 | 7 replies
If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.
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20 May 2024 | 121 replies
Also, many clients are going to a 1-man office staff that is supplemented with a kiosk.
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16 May 2024 | 4 replies
The answer varies greatly depending on the arrangement of your deal with the owner/landlord but in general you need renters insurance to cover your contents (since you are renter presumably) and then excess liability coverage for your short term rental activities.
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16 May 2024 | 9 replies
., a DSCR (Debt Service Coverage Ratio) loan could be a great option as they are not based on your income.
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15 May 2024 | 6 replies
I am certainly not a tax expert, but fwiw, I just looked at my closing statement from the purchase of a Brooklyn multi-fam and as purchaser, I paid the following taxes:Transfer Tax Additional Transfer(mansion)taxTransfer Tax Supplemental NYC(mansion)taxMortgage Tax 1st mortgage
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14 May 2024 | 10 replies
Debt coverage plays a factor.
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15 May 2024 | 7 replies
The coverage you need will vary based on the assets covered under the umbrella.
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15 May 2024 | 8 replies
Of those 20 projects, we BRRRR 8-10 per year, and the flips supplement the money left in the BRRRRs.
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15 May 2024 | 3 replies
It's also crucial to use a Debt Service Coverage Ratio (DSCR) calculator to assess the financial feasibility of refinancing in the long term.If you need any assistance with these calculators or ensuring their accuracy, I'd be happy to help.
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20 May 2024 | 177 replies
I’ve been thinking about supplementing my investing with something like this in the near future.