10 December 2024 | 13 replies
If you ever decide to look over in this area, I'd be happy to put you in touch with the systems I utilize over here and give you insight on which areas to look for.
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10 December 2024 | 1 reply
Run an Opco/Propco model.If your business utilizes real estate as part of ongoing operations you can get all the tax benefits of active RE by having the building purchase and hold the RE.3.
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11 December 2024 | 13 replies
Unfortunately there's a lot of alarmist/scare tactics utilized to upsell these services that do nothing but generate revenues for those who are selling the service and often leave the clients with recurring expenditures i.e annual maintenance costs.
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4 December 2024 | 3 replies
Hey all - I'm new to the RE investing game and have some (probably dumb) questions regarding cash on cash returns. As some background, I'm looking for turnkey or close to it and would be using a management company sin...
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13 December 2024 | 7 replies
This may change over the next few years as the new campus and main drag become more established.
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8 December 2024 | 1 reply
Mike, My recommendation would be during due diligence for a potential purchase, ask for past 12 months of all utility bills, property taxes, and any other municipal requirements like rental permits, occupancy inspections etc.
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10 December 2024 | 7 replies
For example, in some cases even when the home is livable a seller might turn off utilities on a vacant house to save money.
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30 November 2024 | 4 replies
Hi Gavin,This is fairly common, and it’s great that you’re thinking ahead about how to handle utilities responsibly.
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11 December 2024 | 10 replies
Financing provided through this program is only available for properties located in Michigan or Florida.Available Product Type: SOFR 7/6 ARM, SOFR 10/6 ARMLoan Amount: $766,550 MaximumLTV: Purchase and No Cash Out Refinance - Maximum 99%Prepayment Penalty: NoneLoan Assumption: NoneEligible Properties: 1-unit dwellings, attached and detached condominiums, PUDsEscrow: An escrow account must be established for property taxes, and flood insurance, if requiredUnderwritingNo Private Mortgage InsuranceOccupancy – Primary residencesMinimum Credit Score - 700DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)Student Loans – If in deferment, no qualifying payment requiredDown payment of 1% must be borrower’s own funds, while closing costs and prepaids may be gift fundsAttached condominiums require a 10% down paymentEligible Borrowers – Protect and serve heroes are defined as employees of public or private education institutions, employees of medical and healthcare organizations, all first responders, and active or former military personnel.Servicing: Retained
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17 December 2024 | 86 replies
However, it's essential to fully comprehend the terms and conditions and carefully estimate cash flow, factoring in potential market fluctuations.FHA Loan and Work History:Waiting for another year to establish a two-year work history for better FHA loan approval terms is a patient strategy.