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15 September 2024 | 14 replies
There is now essentially no benefit to obtaining a second home loan over an investment property loan, except for the ability to do 10% down rather than 15% (minimum for investment properties).This info is all related to Conventional mortgage financing.
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14 September 2024 | 9 replies
Evaluate Local Vacancy Rates & Rental DemandSince Gallatin County is a growing market, it’s essential to ensure there's strong rental demand and low vacancy rates.
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13 September 2024 | 24 replies
Cold-calling is all but a dead-art, but the principles remain.
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15 September 2024 | 22 replies
“Essentially, they are cutting in line,” Mills said, referring to the super-lien priority status over a mortgage.
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14 September 2024 | 26 replies
Communication - now, if the guest is ready to book but has a question or two about the home, swift, friendly and informative communication is essential.
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13 September 2024 | 3 replies
You're essentiality telling the bank - "I want to buy a property that's in an asset class with falling values and I don't have the money for a down payment.
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11 September 2024 | 2 replies
Hi all,I’m just getting my feet wet with Real Estate investing and currently taking online courses on the investment process, principles of calculating returns, performing market analysis, analyzing cash flows and the different types of investment opportunities.
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18 September 2024 | 67 replies
Having a handyman is essential.
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11 September 2024 | 2 replies
My assumptions based off research is I will be able to deduct 1/2 of all allowable expenses based off the ADU square footage (My understanding of that list below) 1/2 Mortgage Interest (Not principle) 1/2 Utilities 1/2 Property Taxes 1/2 Insurance (assuming I don't have separate ADU insurance) 1/2 general house maintenance (depending on the issue and if it's related to the ADU) 1/2 Depreciation (Home value, not land divided by 27.5) KEY QUESTION: If my mortgage (PITI) is $5400, and all of those ADU deductions equal $3800 monthly, and my ADU income is $1800 monthly, am I allowed to pay the difference in "deductions" from my real estate business income?
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12 September 2024 | 9 replies
It is more time consuming if you are managing it all yourself.You didn't list selling a property as an option to pay down loan principle.