23 July 2024 | 42 replies
At that point - won't it be at $30k/month, adjusted for inflation?
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21 July 2024 | 10 replies
This applies to current year tax deductions, and you can also employ a “look back” cost seg study where you can retroactively reclaim any missed deductions from previous tax years.By filing a form 3115 and calculating the proper 481(a) adjustment, you can recapture and correct any erroneous depreciation in prior years and claim the difference in the current tax year as a lump sum.
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20 July 2024 | 6 replies
Below are a few ideas to think about.Appraisal Concerns: Include a clause in the counteroffer to address any potential gap if the appraisal comes in lower than the offer price.Closing Costs: If the requested $10k seems high, propose a lower amount or adjust the sale price to cover some of these costs.Escrow Deposit: Counter with a higher deposit to ensure buyer commitment.Financing Contingency: Make sure there's a clause that protects you if the buyer’s financing falls through.VA Requirements: Understand and prepare for the specific requirements and inspections associated with VA loans.Professional Advice: Consult with a real estate agent or legal professional for tailored advice.Communication: Maintain open communication with the buyers for a smooth negotiation process.Best of luck with your sale,KC
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20 July 2024 | 4 replies
Adjust the mortgage numbers for yourself and also check the PM fee which you can eliminate by self manage.
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20 July 2024 | 29 replies
Hi David,Like the others have said, I'm seeing DSCR rates start in the low 7's and go up depending on the lender's specific loan level pricing adjusters.
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19 July 2024 | 12 replies
Are you asking about an adjustable rate mortgage?
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19 July 2024 | 6 replies
I recommend you do this annually to adjust for utility increases and other variables.
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20 July 2024 | 11 replies
A second home loan isn't as appealing as it was in the past after adjustments were made to make pricing similiar to that of an investment property.
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20 July 2024 | 21 replies
Your first deal should be close to turnkey to limit risk and get a feel for your team and make any adjustments for your second deal.
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19 July 2024 | 7 replies
Correct, and it would adjust basis just like your typical mortgage would