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18 November 2024 | 15 replies
If I were to apply for a CFO role now, more than likely I have to advantage over a CFO that was in a manufacturing company for a real estate company.EAs specializes specifically in taxationCPAs have a broader knowledge for accounting, auditing, financial planning, and taxation.EA must pass a 3-part IRS exam and do not require a college degreeCPA need a degree in accounting, 150 credit hours of education, must a 4-part CPA exam.EAs often charge a lower feesI might lean more toward hiring an EA and ask how they stay updated on tax laws and regulations since I don’t really need full accounting services.
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21 November 2024 | 16 replies
In some states, say Florida, all business purpose loans must be vested under an entity by law.
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21 November 2024 | 10 replies
Thanks for any help’ Yes we're licensed there and FHA guides in one state apply to all states unless a state has a specific law that supercedes the FHA lending guideline.FHA is always 3.5% down minimum (in some cases less because you're using a DPA or down payment assistance program or 2nd lender to put down over all a lower down payment than 3.5%, Aka for instance 3.5% DPA + 96.5% FHA = 100% financing but just dont kid yourself this is fully 100% leverage and to be used with caution and carefully).In the case of 2-4 unit FHA is still 3.5% down payment @Matthew Kwan @Carlos ValenciaThere are rules regarding FHA such as:- primary residence - you must occupy one of the 2-4 unit property as your primary over 50% of the year and the underwriter needs to believe you will remain and have the ability to live in there, any deviation from this and you'll get a whole laundry list of conditions asking you to prove why you should be believed to be living or will live there (if this arises dont be surprised, it just means the UW doesnt believe you).- SS rule - self sufficiency rule - gross rents of all potential units 2-4 X gross rents at 75% needs to meet 1:1 or 100% of the monthly PITIA payment or greater.
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20 November 2024 | 24 replies
@Kobe CarrDallas offers benefits for first-time real estate investors, including a growing economy, diverse property types, affordable suburbs, landlord-friendly laws, and strong rent demand.
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15 November 2024 | 4 replies
I do plan to buy a property with 30% to 50% off and have it "acts" as a margin of safety.
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20 November 2024 | 2 replies
If the default is not cured ten days after notice, Borrower and each surety, endorser, and guarantor waive all demand for payment, presentation for payment, notice of intention to accelerate maturity, notice of acceleration of maturity, protest, and notice of protest, to the extent permitted by law, and rights under sections 51.003, 51.004 and 51.005 of the Texas Property Code.
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28 November 2024 | 184 replies
I am not lawyer, don't know much about law, that is what my understanding of what my lawyer told me.
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17 November 2024 | 7 replies
After reading through nyc.govs lengthy explanation on M1 zoning laws, I am still trying to figure out if we can do this or not.
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17 November 2024 | 5 replies
Proper notification and time line is dependent on state law.
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8 November 2024 | 5 replies
Request advice from anyone who is either a lawyer in Ohio or is knowledgeable and experienced with Ohio rental laws.