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15 January 2025 | 15 replies
Some banks required us to get full apprasial if loan was over a certain amount 500k. 5.
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18 January 2025 | 18 replies
Becoming a property owner.The hardest part about this right now is underwriting deals, remaining patient and disciplined.Outside of that, the actual details of managing the property are only hard if you do not have systems in place, delegate responsibility, and don't fully comprehend what physical asset investments require-- capex & opex heavy.
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4 January 2025 | 4 replies
I understand I cannot legally require them to respond, unless the notice specifically requires it, like for instance, a notice of entry, but it's making it difficult to manage the property, and I'm not sure how to proceed.
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1 February 2025 | 9 replies
So its like im enforcing it as a practice.The 70% rule, from my understanding, comes from the lenders underwriting requirement.
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14 January 2025 | 4 replies
Insurance and LicensesThe Subcontractor agrees to maintain:General liability insurance of at least $[Insert Amount].Worker’s compensation insurance (if applicable).All necessary licenses and permits required by law.6.
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9 January 2025 | 9 replies
If yu claim one it doesn't void the option to claim the other one.Provided you meet the IRS requirements for both, as a tax strategy, you could complete exclude a portion of capital gains under Section 121 and then defer the remaining capital gains under Section 1031 (@Dave Foster is a great resource for 1031 exchange). ..
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7 January 2025 | 13 replies
If the latter, simply give her the notice required (eg 30 or 60 days) that she needs to move.
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23 January 2025 | 10 replies
A SFH doesn’t require a 20% down payment; you’d have PMI to deal with, but as you probably know, it’s usually a manageable cost.
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9 January 2025 | 8 replies
It is pretty easy to keep it fully occupied but it does mean I turn away a ton of people who want a lease that doesn't quite fit my requirements.
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12 January 2025 | 6 replies
The down fall is a Heloc can "Never" be used as an asset or for PITI reserves required when buying a new Primary or investment property.A heloc can also cause major issues with credit and one slight hiccup or missed payment the bank or lender who is holding the Heloc can close or reduce your line of credit.