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10 January 2025 | 6 replies
National banks typically do not offer products that suite your needs here. 2.
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15 January 2025 | 9 replies
Since the payment was deposited into your account on 1/6/2025, it would typically be considered income for 2025, even though the tenant paid it on 12/31/2024.However, if you use cash-basis accounting (which most landlords do), the key factor is when you physically receive the money, not when it was sent or owed.
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13 January 2025 | 16 replies
Consult you insurance broker for specifics but I found this policy to be very protective and reasonably priced.With regards to an umbrella policy they are typically good to have.
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28 January 2025 | 8 replies
To echo Dominic, typically if you need to raise under $1mm of equity, the formation costs become overly prohibitive.
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15 January 2025 | 5 replies
Off street parking is typically more important for high end/expensive rentals.
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16 January 2025 | 13 replies
Typically its done for open space or use for community property (ie. fire station location or other county use) and typicaly would assist in increasing tax base.
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13 January 2025 | 0 replies
That’s because the longer someone has lived in their house, the more that home’s value has grown, which directly increases equity.And if you’re one of those people who’s been in their home for 10 years or more, know this – according to NAR:“Over the past decade, the typical homeowner has accumulated $201,600 in wealth solely from price appreciation.”The Benefits of Having Home EquityWhat does that mean for you?
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9 January 2025 | 15 replies
Most DSCR loans come with a prepayment penalty that is typically 5% for the first year, 4 points for the second, 3, 2, or 1 pts for each year.
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15 January 2025 | 5 replies
Do they value nicer finishes and design or is that additional cost lost on the typical tenant in that pocket?
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8 January 2025 | 5 replies
@Polat Caglayan very ambiguosu question, but read the helpful info below to guide your next set of questions:)-------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?