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25 June 2024 | 2 replies
I don't believe a DSCR lender would transfer the obligation to a new borrower but please correct me if I am wrong..In general, it will be be a full income verification or full documentation application with the current lender directly and no other mortgage professional would be involved.
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24 June 2024 | 13 replies
My concern.. if these big corporations are buying up a majority of houses, assuming there’s no legislation in place to stop them from doing so or sell them off, now IS the time to buy before they take everything from us over time.. it DOES seem like now or never.Regardless of recession and lay offs in the future, these big corporations will just buy more, they’ll never run out of money. and we will all have NOTHING.
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24 June 2024 | 2 replies
As the trustee, there might be legal obligations or fiduciary duties to act in the best interest of the beneficiaries of the trust.
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24 June 2024 | 4 replies
The property will have to carry the full operating costs and debt obligations by a factor of one.
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24 June 2024 | 9 replies
How can I take this money and put it down on a couple properties and use them to negate the tax obligations?
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25 June 2024 | 7 replies
Most of the administrative tasks such as posting rents, verifying applications, paying contractors, payroll. human resources, paying taxes, paying owners etc…. are dealt with at a higher level with the corporate office PMC
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25 June 2024 | 16 replies
@Matthew Spiers Point being.....If you do not have the paperwork trail that I keep asking about, you may not be obligated to pay him for the extra work at all......
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26 June 2024 | 38 replies
@David Rutledge I don't doubt it, but it's a town of about 20,000 people, and aside from this thing a number of miles away called the Pro Football Hall of Fame, there really isn't anything that spectacular to draw tourism in the area... it must all be corporate and maybe kids returning to visit their elderly parents?
26 June 2024 | 34 replies
So, while it may be legal in most states for you to lend the LLC funds if it is structured as an actual loan, in writing with specific interest and payment schedules, just like a bank loan, it would have no tax advantage.If it's a stock corporation, then yes you can.This would be entered in QB like any other interest loan.Feel free to reach out with any further questions.
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23 June 2024 | 1 reply
This means the rental income is sufficient to support all obligations.