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23 December 2024 | 5 replies
You could also offer to cover part of their tax liability through negotiation or encourage them to convert the property into their primary residence to use the IRS exclusion for up to $250K/$500K in gains.
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23 December 2024 | 34 replies
You need sufficient rental income to cover your expenses, or you bleed money.
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23 December 2024 | 0 replies
Otherwise, you won't have the extra funds necessary to cover the rising costs of goods and services in the future.What causes rents (and prices) to increase?
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22 December 2024 | 2 replies
If the rental income doesn’t sufficiently cover the debt payments by their standards, they’ll limit the loan amount, even if the property is worth more.You could try a few alternatives:•Look for lenders who specialize in commercial real estate and have more flexible DSCR requirements.
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27 December 2024 | 22 replies
Some examples:Section 8 typically covers 80% of the rent (depending on tenant income), with tenants responsible for the remaining 20%.
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21 December 2024 | 10 replies
I have been in construction/rehab/renovation most all of my life so I have that covered.
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27 December 2024 | 21 replies
So the concrete slab and post burn debris would in theory be covered up when it's leveled to its seal level height requirements.
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21 December 2024 | 2 replies
These templates cover various aspects of subcontracting, including responsibilities, materials, and liabilities3.
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23 December 2024 | 7 replies
Hey Robert - Condos and apartments can be a solid entry point due to lower purchase prices and potentially lower maintenance responsibilities, especially if the HOA covers exterior upkeep.
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21 December 2024 | 7 replies
You take a HELOC for your primary renovations at 7%, invest the funds from option 1 to cover the payments of the HELOC.