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3 October 2024 | 14 replies
Rates as of this posting date vary but are in the 6s and 7s (or possibly 8s if not a top tier credit score or a foreign national loan as considered a higher risk and will be reflected in the rate).
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27 September 2024 | 18 replies
Tax Treaty, which allows you to claim a foreign tax credit on your Canadian return for taxes paid to the U.S.
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28 September 2024 | 4 replies
@Jagjit SinghWe have partners who are foreign investors.
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1 October 2024 | 7 replies
They scout all sources and hope to reach a seller who have not added 5% to cover the commission.
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4 October 2024 | 16 replies
See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.
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1 October 2024 | 8 replies
Loan to value and reliable source of payments is what matters.
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27 September 2024 | 2 replies
I have a property in CA that I want to put into an LLC.A lawyer advised me to register my LLC in Nevada and then complete the foreign entity process for the LLC to also be registered in California, where the property is.
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26 September 2024 | 5 replies
If none of those documents exist, a non-expired foreign passport can be used.
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27 September 2024 | 13 replies
You form the LLC in your state and then register it as a foreign entity where your property is.
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26 September 2024 | 5 replies
When sourcing general contractors (GCs) for a cosmetic flip, I recommend focusing on referrals and networking within investor communities first.