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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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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.
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9 January 2025 | 12 replies
So, we allow 45%, even 50%, higher if compensating factors.
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7 January 2025 | 28 replies
The issue I see with your $500 allowance is that in some seasons they will definitely be seeing a big cost.
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14 January 2025 | 25 replies
This approach avoids downtime and lets you start earning right away.Future Bookings:Taking over bookings can get tricky since Airbnb doesn’t allow direct transfers between accounts.
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14 January 2025 | 23 replies
I don't think the typical sub-to deal would lead to equity skimming because they are likely close to foreclosure and there isn't enough time to rent the unit back out and make money allowing the unit to go to foreclosure.
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15 January 2025 | 145 replies
The government closes the whole life tax deferral allowability.
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8 January 2025 | 27 replies
Water penetration can also include roof failures or pipe bursts that allow water to leak into or damage your home.Either have the repaired area researched by your local expert and accept it.
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5 January 2025 | 3 replies
That didn't help so now I'm looking to charge the late fee and interest as allowed by my lease.