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2 June 2023 | 10 replies
I would also recommend you wait that full 12 months before speaking with your lender about the next loan type and property identification.
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12 June 2023 | 5 replies
Keep in mind Class A area will have lower returns than Class C and a Class A property will have lower returns than a class C etc...If all properties and locations generated same return, then their would be no reason for Class identification.
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20 June 2023 | 6 replies
An EIN is a tax identification number that is required for businesses.
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4 October 2022 | 0 replies
However, I am having problems identifing how to approach a CPA to ask for an interview to determine if we are a good partnership and should work together.if anyone has experience hiring a CPA to file taxes and real estate planning throughout the year, I would appreciate any thoughts or ideas.
16 June 2021 | 49 replies
Number of positive (yes) responses to above criteria selection 1.On time for appointment2.BROUGHT NECESSARY ITEMS: Identification, application information, references, application fee, holding deposit...3.Filled out application completely and truthfully4.Able to verify all of the necessary information5.Able to pay full amount of rent and deposit6.Sufficient monthly income of 3 times the rental amount7.Verifiable income and employment8.Stable income or employment for a minimum of _____ months9.Financial obligation of no more than _____% of income10.Satisfactory credit history (no bankruptcy)11.Provided credit references12.At current address for a minimum of ______months13.Gave proper notice to current landlord14.Gave proper notice to previous landlord15.No prior evictions16.No problems with previous landlords17.Deposit fully returned (none withheld for damages)18.No complaints or police reports regarding disturbing the peace, etc.19.No significant violations of a previous rental agreement20.No pets or is willing to sign a pet agreement and meets additional pet criteria21.Non-smokers22.Has a Delinquency Rate less than 45% based on Credit Score Analysis performed by Tenant Background Search.23.Has a credit grade of B or credit score of 600 or higher perTenant Background Search.
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27 September 2018 | 7 replies
Hello,
I'm looking for any good information, software, websites, etc that specialize in market analysis. We are looking to identify strong secondary and tertiary markets for finding our next deal over 100 units. I've...
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6 June 2023 | 4 replies
You can not buy a property through a 1031 exchange that you did not identify during the 45 day identification period.
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1 August 2018 | 6 replies
When the trust became irrevocable at the time of my mother's death, I had to apply for a TIN (Taxpayer Identification Number) and then opened a business bank account in the name of the trust.
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18 January 2023 | 14 replies
Proper identification of tenants is also needed if you want any chance of having local code enforcement write tickets against the tenant and not the owner.Any Legal Action Documents: you’ll definitely want to know if the current landlord is evicting or suing the current tenant(s).
5 May 2023 | 17 replies
-Entity Articles of Organization, Partnership, and Operating Agreements, if any-Tax Identification Number (Employer Identification Number - EIN)-Certificate of Good Standing-Certificate of Authorization for the person executing all documents on behalf of entity -Borrowing Certificate (LLC Borrowing Certificate - Single Member or LLC Borrowing Certification - Multiple Member If you decided to switch strategies and refinance with a conforming conventional loan, you would not be able to close in your LLC.