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7 January 2025 | 13 replies
In some places there are a few days grace period to allow for rent that is sent via mail (which I don't get because if it is due on the 1st, plan ahead).
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8 January 2025 | 11 replies
Agree to allow the firm’s “entry level” attorneys handle your cases or as allowed by law their clerks?
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8 January 2025 | 3 replies
We also disallow Level 1 sex offenders to the extent we are legally allowed to.
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9 January 2025 | 4 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
11 January 2025 | 12 replies
Scotia Bank in Costa Rica will allow you to open up an larger account as 'business owner' if you own your properties in an LLC but the process of opening an account is much more difficult.
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15 January 2025 | 8 replies
Theres so many problems, this is a team deal scenario and one needs rules; never take a contract less then 7 days prior to the auction, and NEVER NEVER N E V E R close allowing the seller to stay in the house after closing.
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11 January 2025 | 9 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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9 January 2025 | 15 replies
If the ARV has risen to $260k and you’re renting it out for $2900/month, you can likely qualify for a higher loan amount.Here are some key points to consider:Loan-to-Value (LTV): A typical DSCR refinance will allow you to borrow up to 75-80% of the property’s ARV, so for a $260k property, you might qualify for a loan of $195k to $208k, which could help pull out most or all of your original investment.Debt Service Coverage Ratio (DSCR): Since you're renting for $2900/month, the loan payment will need to be covered comfortably by that rent.
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9 January 2025 | 12 replies
So, we allow 45%, even 50%, higher if compensating factors.
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19 January 2025 | 42 replies
In Missouri, a married couple jointly owning LLCs is generally required to file partnership returns for each LLC, necessitating Form 1065 at the federal level and Form MO-1065 for the state.However, the IRS offers a Qualified Joint Venture (QJV) election for married couples, allowing them to avoid partnership classification by treating the business as a joint sole proprietorship.