Christopher Charles
Out of state Real Estate Development
22 December 2024 | 7 replies
gotta echo the sentiment for spending some time on the ground even if a small amount on the front end.
Jermaine Washington
Tenet has abandoned property without paying rent.
13 January 2025 | 11 replies
If there are items of value left behind, or even personal items of sentimental value, I will follow the abandonment rules to a "T" to avoid any legal issues.
Bruce D. Kowal
🏠 vs 📈 - A Fresh Look at Real Estate and Dividend Stocks
28 January 2025 | 0 replies
Hold for Long-Term IncomeBuffett has held AMEX for nearly 60 yearsHeld Coca-Cola for 35+ yearsSimilar to buy-and-hold real estate strategiesFocus on Cash Flow GrowthBoth AMEX and Coke have consistently increased dividendsJust like raising rents over time in quality propertiesLook for MoatsAMEX: Strong brand and network effectsCoca-Cola: Unbeatable brand powerLike owning property in irreplaceable locations💡 The Real Estate AdvantageWhile Buffett mastered dividend investing, real estate investors can do even better because:We can use significant leverage safelyWe control our asset's improvementWe get superior tax advantagesWe can force appreciation through improvementsWhat do you think, BiggerPockets community?
Juliet Silver
Best Lenders for Canadians to Purchase in Florida
27 December 2024 | 15 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
Penny Wilkinson
Looking to sell a duplex but having trouble determining value
16 January 2025 | 15 replies
It's likely they may even use data of SFH with similar lot and building square footage.
Dillon Clark
New investor on a mission
24 January 2025 | 6 replies
Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.
Lacey A.
Rent to Myself
20 January 2025 | 5 replies
,Renting your primary home back to yourself isn’t typically allowed by the IRS for tax purposes, even if structured through an LLC.
JoLea Conn
Golden Capital Holdings llc?
18 January 2025 | 3 replies
Normally the escrow agent will want mutual sign off even if its clear the contract terms indicate one party should be awarded the escrow funds.
Michael Plaks
Reminder about TurboTax, H&R Block and avoiding tax professionals
15 January 2025 | 3 replies
And this does not even involve business or real estate!
Ilina Shrestha
First time investor- lost & confused
28 January 2025 | 6 replies
If you are taking out a conventional mortgage of any kind, you can't buy in the LLC as it does not have two years of tax returns.You are also asking if an entire state is good to buy multifamily, which means you are too soon in the process to even talk about buying.